The Global Indian Saturday, June 28 2025
  • Home
  • Stories
    • Exclusive
      • Startups
      • Culture
      • Marketplace
      • Campus Life
      • Youth
      • Giving Back
      • Zip Codes
    • Blogs
      • Opinion
      • Profiles
      • Web Stories
    • Fun Facts
      • World in numbers
      • Didyouknow
      • Quote
    • Gallery
      • Pictures
      • Videos
  • Work Life
  • My Book
  • Top 100
  • Our Stories
  • Tell Your Story
Select Page
Global IndianstoryByju’s overtakes Paytm, becomes India’s most valued startup
  • Startups
  • Whatsapp Share
  • LinkedIn Share
  • Facebook Share
  • Twitter Share

Byju’s overtakes Paytm, becomes India’s most valued startup

Written by: Global Indian

(Our Bureau, June 14) Bengaluru-based ed-tech company Byju’s has become India’s most valued startup after raising $340 million (₹2,500 crore) in funding from investors such as UBS Group, Blackstone, Abu Dhabi’s ADQ, Phoenix Rising-Beacon Holdings, and Zoom founder Eric Yuan. With this, Byju’s valuation has soared to $16.5 billion, propelling past Paytm which is valued at $16 billion. The latest funding is said to be a part of the $1.5 billion that the company had begun raising in April this year. The company has been one of the few profitable internet unicorns and is said to have more than a billion dollars in revenue for FY22.

Byju’s Rapid Rise in Ed-Tech

  • Byjyu’s, which was founded in 2011 by Byju Raveendran and Divya Gokulnath, has been on a fundraising spree since last year when the pandemic fueled the need for online education. In 2020 alone, Byju’s raised $1 billion while India’s ed-tech companies together raised $2.2 billion, compared to the $553 million in 2019, stated an Economic Times report. In April this year, Byju figured in TIME magazine’s first-ever list of 100 most influential companies.
  • Incidentally, Kerala-born Raveendran is a former teacher himself and would help students prepare for entrance exams such as CAT. In 2003, the engineering graduate appeared for CAT himself and scored 100% despite not having studied for it. His parents were teachers themselves in Azhikode village in Kerala.
  • With over 80 million users, Byju’s today provides an array of services for students: from toddlers to high school as well as college entrance exams. The company clocked in 45 million new users in the first six months of the pandemic and also emerged as one of the top 10 education apps globally, according to Sensor Tower.
Subscribe
Connect with
Notify of
guest

OR

Connect with
guest

OR

0 Comments
Inline Feedbacks
View all comments

Published on 16, Jun 2021

Share with

  • Whatsapp Share
  • LinkedIn Share
  • Facebook Share
  • Twitter Share

ALSO READ

Story
Meet the agritech startups lending Indian farmers a helping hand 

(September 6, 2021) Agriculture in India has often left farmers short changed. The reasons for this have been many: low landholding, lack of modernization, taxing loans from an informal setup, unpredictable weather conditions, demand-supply issues, and also the lack of technology. However, over the past few years, agritech startups have been making inroads into the agriculture sector trying to fix problems, one at a time. With better smartphone and internet penetration across certain rural areas in the country, these startups have been providing solutions to everything from innovative ways of disbursing loans, technology to test soil quality and predict which crops will be in demand the next season to farm to fork brands and B2B agri marketplaces.   Global Indian turns the spotlight on some of the country’s most promising agritech startups.  WayCool  [caption id="attachment_9483" align="aligncenter" width="608"] Sanjay Dasari co-founded WayCool with Karthik Jayaraman[/caption] Launched in Chennai in 2015 by Karthik Jayaraman and Sanjay Dasari, WayCool has been pivoting the farm-to-fork B2B model. One of the country’s fastest growing agritech companies, WayCool makes almost 90% of its revenue today from leading clients such as the Taj Group of Hotels. It’s aim has been drive social impact while transforming India’s food economy and has built a large food development and distribution services company by positively impacting over 500,000 farmers so far. WayCool works across the spectrum in agriculture: product

Read More

 

[caption id="attachment_9483" align="aligncenter" width="608"]Sanjay Dasari Sanjay Dasari co-founded WayCool with Karthik Jayaraman[/caption]

Launched in Chennai in 2015 by Karthik Jayaraman and Sanjay Dasari, WayCool has been pivoting the farm-to-fork B2B model. One of the country’s fastest growing agritech companies, WayCool makes almost 90% of its revenue today from leading clients such as the Taj Group of Hotels. It’s aim has been drive social impact while transforming India’s food economy and has built a large food development and distribution services company by positively impacting over 500,000 farmers so far. WayCool works across the spectrum in agriculture: product sourcing, food processing, branding and marketing, last mile distribution and most importantly by providing farmer inputs on essential factors such as soil quality, best crops to invest in etc.  

The company currently handles over 350 tonnes of food products each day across 19,000 clients across more than 50 regions in India. Earlier this year the startup raised $20 million in a fresh round of funding from existing backers such as Lightstone, Lightbox Ventures, and Netherlands-based FMO Development Bank and its valuation is currently close to $200 million.  

Agrowave 

[caption id="attachment_9485" align="aligncenter" width="400"]Anu Meena Anu Meena[/caption]

Launched in Gurugram in 2017 by IIT-Delhi alumna Anu Meena, Agrowave is a farm-to-fork mobility supply chain using an integrated network of smart route mapped mobile pickup stations at farm gates. It reaches out to small and marginal farmers in India’s interiors, buys produce from them and sells it to businesses such as restaurants, cafes, hotels and retailers. Agrowave procures fresh produce from regions such as Palwal, Sonipat, Sawai, Nuh, and Alwar Sambhal. Meena, who as a child had watched her grandfather struggle to sell his produce, wanted to bridge the supply chain gap in the agri sector and help farmers get a fair price for their produce by eliminating middlemen. Using technology to build a sustainable supply chain Meena launched the startup with zero investment and worked on the business model and technology alone. Her project grabbed investor interest and the startup raised funding from Daffodil Software in 2017. Last year, it raised close to $500,000 in funding from US-based investor Sekhar Puli. Today, the company clocks in a revenue of close to ₹25 million each month.  

Fasal 

[caption id="attachment_9487" align="aligncenter" width="696"]Manish Tiwari and Ananda Verma Shailendra Tiwari and Ananda Verma[/caption]

Founded in 2018 in Bengaluru by Shailendra Tiwari and Ananda Verma, Fasal uses IoT to take the guessing game out of farming and helps farmers run on auto pilot mode by helping them monitor their farms anytime and from anywhere. It helps measure macro and micro conditions including soil moisture, rainfall, temperature and various environmental factors to help farmers make informed crop choices. The startup gives farmers Fasal Sense, an IoT sensor device, which collects data that then relies on artificial intelligence and data science to calculate on-farm predictions about disease, pests and recommendations on the farmer’s phone in different languages. So far, Fasal has raised $1.9 million in funding, including $1.6 million in a seed round led by Omnivore and Wavemaker Partners in 2019.  

CropIn 

[caption id="attachment_9489" align="aligncenter" width="582"]Krishna Kumar and Kunal Prasad Krishna Kumar and Kunal Prasad[/caption]

Founded in 2010 by Krishna Kumar and Kunal Prasad, CropIn is headquartered in Bengaluru and enables agri enterprises to maximize per-acre value through data-driven solutions. With its smart SaaS-based solutions to global agribusinesses, CropIn aims to digitize the farm and farmer. One of the many solutions it provides is Farm Management Solution, and helps farmers and other stakeholders improve productivity, efficiency and sustainability of crop chains. The platform also helps maintain food safety standards which sometimes get overlooked in conventional farming. So far, the company has impacted 13 million acres and four million farmers worldwide through its platforms. The company recently raised $20 million in a series C round led by ABC World. 

Reading Time: 5 mins

Story
Vashi Purswani’s contribution to Thai-Indian diaspora earns Pravasi Bhartiya Samman

(January 3, 2023) The Indian diaspora in Thailand is thriving. Ace industrialist Vashdev Tikamdas Purswani has played an instrumental role in this. He is one of the first businessmen of India to set base in the country known as the ‘Land of Smiles’.   The founder of the renowned Thai Martin Group, and the cornerstone of Sindhi community in Thailand, Purswani was honoured with Pravasi Bhartiya Samman Award (PBSA) in 2021. His unwavering dedication for making it possible for other Indians to build up their lives in Thailand, has been recognised.  Fondly known as Vashi Purswani, the retired industrialist was just 25 when he first landed in the Southeast Asian country in 1964. He was already married by that time. Entrepreneurship was in his blood - owing to his father’s entrepreneurial stint of trading silver and linen in Egypt, and his own exposure of working in Hong Kong. Those were the times of Vietnam wars.  [caption id="attachment_33445" align="aligncenter" width="516"] Vashi Purswani | Photo Credit: Masala Magazine[/caption] Tryst with Thailand   Purswani spent his early twenties in Hong Kong, working a variety of jobs to earn money. He spent time at a tailoring shop and sold Korean products to the American army personnel

Read More

an>25 when he first landed in the Southeast Asian country in 1964. He was already married by that time. Entrepreneurship was in his blood - owing to his father’s entrepreneurial stint of trading silver and linen in Egypt, and his own exposure of working in Hong Kong. Those were the times of Vietnam wars. 

[caption id="attachment_33445" align="aligncenter" width="516"]Indian Entrepreneur | Vashi Purswani | Global Indian Vashi Purswani | Photo Credit: Masala Magazine[/caption]

Tryst with Thailand  

Purswani spent his early twenties in Hong Kong, working a variety of jobs to earn money. He spent time at a tailoring shop and sold Korean products to the American army personnel stationed there. One old customer, Martin, from the US Airforce, with whom he went on to become good friends, gave him a purchase order worth $40,000 to supply textile products from Bangkok to Vietnam. Martin even told young Vashi that Thailand is an upcoming business hub in the Asia-Pacific region.  

Acting on his friend’s advice, Vashi made the trip. When he first landed in Bangkok in 1964, he felt at once that he could set up a life there.  

Cut to sixty years later, Purswani is now one of Thailand’s most successful industrialists. Always indebted to his dear friend Martin, who played such an instrumental role in directing his life’s journey to a new and unknown land, Purswani named his company the Thai Martin Group. 

His message on the Thai Martin website reads:

Remember, there are no failures in life, only results. There are no true tragedies, only lessons. And there really are no problems, only opportunities waiting to be recognized as solutions by the person of wisdom.

Seizing opportunities 

Now retired, Purswani remains one of the most respected members of the Thai-Indian diaspora. His four children run a range of businesses across several industries, including hospitality, agriculture, property, finance, trade and retail. 

The Thai Martin Group also does joint ventures with prominent international players, like TVS Group, Aditya Birla Group, and Thapar Group from India and Siam Cement Group, Global Franchise Architects, and Kamalaya in Thailand. 

“Of all my ventures, the partnership with Nestle, Switzerland felt like an achievement beyond my imagination,” the serial entrepreneur said in an interview.  

The tailor shop   

In 1964, when Purswani landed in Bangkok, he had five years of experience running a tailoring shop in Hong Kong. Still, life there had not been the stuff of his desires. His days of hard work had not fetched him much – he lived in a cramped apartment with the family of a business partner in Hong Kong.  

[caption id="attachment_33446" align="aligncenter" width="1111"] Vashi Purswani was handed over the Pravasi Bharatiya Samman Award (PBSA) from Indian Ambassador to Thailand, Suchitra Durai | Photo Credit: Embassy of India, Bangkok[/caption]

One year before he made his fateful trip to Bangkok, he had been married. His wife remained in India because he could not afford to bring her to or support her in Hong Kong.  

As he was confident of his abilities. In Thailand, he set up a tailor shop not long after arriving there. He named it Martin Tailor. Fortune found him early, the shop became successful enough for Purswani to bring his wife and their new-born son, Nash, to live with him. Nash is now the MD of the Thai Martin Group in Bangkok.  

Over the course of the next two decades, the Global Indian went on to open more than a dozen Martin Tailor shops across the country. The brand grew and went on to become the largest franchise of tailoring businesses in Thailand. This was a huge leap for Purswani considering the fact that he used to earn a meagre ₹ 80 a month at Hong Kong.  

Taking obstacles in stride  

Not all was well in Thailand the year Purswani arrived. The country was under a military regime, one that wasn’t friendly to foreigners doing business – and his friends cautioned him before he made the move. Purswani was fearful of the unstable political state and wondered whether he would be able to build a stable life for himself and his family but stayed put nevertheless.  

“I was a headstrong, business- minded youngster who, having seen the challenges in Hong Kong, felt that obstacles could be overcome by hard work and building good local relationships,” he said in an interview. 

[embed]https://twitter.com/IndiainThailand/status/1442049569127239682?s=20&t=lMJqDGix5hwKrSU5aNIqHg[/embed]

Building Thai-Indian diaspora  

As the franchise grew, Purswani began recruiting young Sindhis from India to work for him. Creating an environment of camaraderie and a sense of community helped business flourish.  

“My first Sindhi apprentice was my brother-in-law, followed by 25 others. It was like a small ‘tailor cartel’, where each ran their own show, but we would all meet up to play cricket, have picnics, and share anecdotes of our customers,” he said. 

Today many of the young apprentices and aspiring businessmen whom Purswani brought to Thailand are full-fledged business owners in the country. “I am very proud of every one of them and what they have built themselves into, both in their personal as well as their professional lives” he said.  

The Sindhi community is a close-knit community in Thailand and the credit goes to Purswani – for always being there, ready to counsel and advise. 

The Indian diaspora in Thailand now boasts of 7,000 families in the community.  ‘It’s been an honour to see the community grow,’ he remarked. 

Growth of Thai-Indian businessmen 

After Purswani’s tailor shop franchisee burgeoned, he began venturing into larger investments with partnerships in real estate and the industrial sector. His children, who were grown up by this time, also showed interest in a more diversified portfolio of businesses.  

The company was renamed, becoming the Thai Martin Trading Co. Ltd. They sold off their tailoring business to an associate, wishing him good luck. Keeping pace with the constant volatility of Thailand’s financial markets has been tough but the Indian diaspora has been able to triumph. With businesses built on a strong network of good relationships and friendships, a precedent led by Vashi Purswani, the community has been able to rise above the many challenges.  

[caption id="attachment_33447" align="aligncenter" width="1026"]Indian Entrepreneur | Vashi Purswani | Global Indian Vashi Purswani during Pravasi Bharatiya Samman Award (PBSA) ceremony | Photo Credit: Embassy of India, Bangkok[/caption]

For the greater good   

The retired patriarch manages to stay busy. One recent achievement of which he is particularly proud is becoming a major ‘consortium’ shareholder and President of Phoenix Pulp & Paper. The nearly-bankrupt mill found its fortunes turned around by the veteran businessman, with no specialised expertise in managing such a large pulp and paper business but enough acumen to see him through.  

“In my own way, I feel proud to have been part of the journey with industrialists, property tycoons, and many members of the Thai and Thai-Indian community who have gone up in the ranks and now run many key positions in businesses and in the government,” said the retired business tycoon who plays advisory roles these days.  

The Purswani’s are building a Maha Kali Temple in the Chaiyaphum province of Thailand. Its uniqueness in terms of its aesthetics as well technological amalgamation is set to give the tourism industry a boost. 

Vashi Purswani is a great example of one of those Indian immigrants who have not just amassed wealth but also intangible assets, like building a thriving diaspora from which generations to come will benefit.  

  • Follow Thai Martin Group on its website 

Reading Time: 5 mins

Story
Nishant Malhotra: Reviving GI-tagged textile heritage and celebrating artisans with WeaverStory

(August 13, 2024) “As children of the pre-digital era, we have all grown up in homes and environments that have been driven by tradition. From food to craft and clothing, everything had a story and was a hand-worked skill passed through generations, be it the chutneys that were made at home or the sweaters that were knit. So there always was an inclination towards culture and the traditions of the past,” Nishant Malhotra reminisces as he connects with Global Indian.  Although he was always fascinated by India’s luxurious heritage and traditions, he had never imagined that he would one day work with it. After spending several years in the banking and finance sectors, Nishant Malhotra founded WeaverStory nine years ago, finding both purpose and an avenue for social impact.  [caption id="attachment_53617" align="aligncenter" width="482"] Nishant Malhotra at WeaverStory curated runway show at BNI4M2024 event[/caption] Led by artisans  The craft-led textile brand has come a long way. Launched with just five sarees on a Facebook page, WeaverStory has grown into a 30-member team working with over 400 weavers from 10 different weaving clusters. “This transformation has significantly improved the lives of weavers and their families and enhanced the experiences of our customers

Read More

gn="aligncenter" width="482"]Indian Art and Culture | Nishant Malhotra | Global Indian Nishant Malhotra at WeaverStory curated runway show at BNI4M2024 event[/caption]

Led by artisans 

The craft-led textile brand has come a long way. Launched with just five sarees on a Facebook page, WeaverStory has grown into a 30-member team working with over 400 weavers from 10 different weaving clusters. “This transformation has significantly improved the lives of weavers and their families and enhanced the experiences of our customers spread across more than 20 countries," tells the entrepreneur. 

Whether it is the famed yarns of Banaras, the vibrant hues of Gujarat, the ethereal threads of Chanderi, intricate works of Kashmir, poetic weaves of Bengal, or resplendent silks of Kanchipuram - WeaverStory has been championing authentic handmade products like luxurious sarees and fabric, bespoke occasion wear, bridal couture and accessories blending tradition with modernity. 

GI certified handloom  

The textile brand’s products are silk mark and craft mark-certified with GI tags. It has been participating in the Government of India’s ODOP (One District One Product) initiative which aims to promote indigenous and specialised goods and crafts distinct to various districts across the country. “WeaverStory sources 350 products from over 19 Geographical Indications (GIs), thus ensuring genuine handloom apparel from the craftspeople who bring them to life.” 

The hand weaved textiles are delivered through retail stores in Delhi and Hyderabad and the brand’s website. It also retails online through domestic and international marketplaces such as Pernia’s Pop Up Shop, Aza, Aashni + Co., Nykaa Fashion and Etsy. 

[caption id="attachment_53634" align="aligncenter" width="720"]Indian Art and Culture | Nishant Malhotra | Global Indian One of the WeaverStory stores[/caption]

The journey of transition 

As a banking and financial services professional, Nishant often travelled to rural areas and smaller cities in India, working on financial inclusion projects. These experiences exposed him to not only the challenges faced by the local population but also to the complexities of implementing programs to benefit them. 

“I realised that even small steps could have a significant impact on their lives and it was this thought that drove me to start WeaverStory after a trip to Banaras that proved pivotal in the transition,” tells the Delhi based entrepreneur. 

Starting small 

In Banaras, Nishant met a weaver who had been forced to quit his craft due to low income and the pressure of supporting his family. Instead of engaging in his creative work, the weaver was folding sarees at a retail shop. This deeply moved Nishant. Upon his return to Delhi, he began conversing with others to understand the market need for Indian handlooms – the artistic heritage of India. 

“I discovered that there was a demand for handloom products, but people were unaware of authentic sources,'” he says. This realisation led him to start a small initiative by creating a Facebook page, where he showcased five well-crafted saris by a weaver of Banaras to help people appreciate the value of craftsmanship of the weaving community. 

Within months, his initiative started gaining recognition, motivating Nishant to leave his job and pursue social entrepreneurship. He had found the purpose of creating better opportunities for the artistic weavers of India and making a difference in their lives. 

[caption id="attachment_53625" align="aligncenter" width="687"]Indian Art and Culture | Nishant Malhotra | Global Indian WeaverStory team[/caption]

“It started as a mere passion project with no intention of launching a full-fledged brand. However, that small step transformed everything, leading us to where we are today,” says Nishant who had over 15 years of corporate experience with Fortune 500 companies and biggest conglomerates like the TATAs and Reliance group at the time of stepping into social entrepreneurship. “Through WeaverStory my attempt has been to bridge the gap between true fans of original Indian handlooms and those with a century-long lineage in this artistic heritage. We work towards preserving our heritage and enabling weavers to become financially successful,” he says. 

Rising above challenges and earning trust 

In the initial days of his venture gaining the trust of the weavers was a challenge. “Coming from a banking background with no experience in textiles, I wasn’t attempting to become a designer. My goal was to create an ecosystem around handlooms. However, understanding the craftsmanship, the uniqueness of handwoven fabric, and effectively communicating with the weavers required substantial knowledge,” Nishant mentions. 

When he approached weavers, they were sceptical. “They doubted my understanding of their craft and feared their products would be rejected after completion.” An online brand, was an unconventional idea in 2015, especially for the rural weavers for whom trade meant an offline activity. 

To alleviate their fears Nishant started work on the model of buying products outright from the weavers addressing their concerns. “By ensuring immediate and fair compensation, we gradually earned their trust and overcame their initial resistance,” he says. 

[caption id="attachment_53624" align="aligncenter" width="523"]Indian Art and Culture | Nishant Malhotra | Global Indian A Madhubani artist associated with WeaverStory[/caption]

Assuring quality 

Earning the trust of the weavers was just one side of the story. Nishant highlights that when purchasing a premium product like a handwoven saree, customers seek assurance about their investment. Therefore, early in their journey, the WeaverStory team began conducting video calls with customers to showcase the products in detail, thereby earning their trust as well. 

“At WeaverStory, our values of purity, pride, and intention have always been at the core of everything we do. We have consistently strived to present our customers with a curated collection of authentic weaves in pure fabrics that best represent India’s textile heritage and the skills of our weavers,” the entrepreneur mentions. 

Weaving stories 

To bring the stories of the rural weavers to the forefront and change the narrative in their favour Nishant Malhotra and his team does not just look at them as mere suppliers of products that they are marketing but provide the weaving community a sense of close collaboration. “This outlook is one of the major factors contributing to our growth story,” says Nishant. 

“Our product curation and storytelling are deeply influenced by the intentions and narratives of the weavers, and we make it a point not to interfere with their stories. The authentic stories behind each weave is what attracts our customers; and they want to buy, own, and cherish these unique pieces of art.” 

https://www.youtube.com/watch?v=L_QW-F7l3Yk

WeaverStory Foundation 

Recently, the entrepreneur has started the WeaverStory Foundation, which will undertake projects aimed at providing sustainable livelihoods and skill development for weavers, with a special focus on women artisans. “We are actively seeking and collaborating with like-minded partners to further this mission,” Nishant points out. 

Awards galore 

The textile brand has instituted several reward and recognition programs, such as Kala Nishtha, Kala Samridhi and Craftales to encourage lesser-known and new weavers to look at their skills with more optimism and be part of the WeaverStory network. 

“These initiatives help create visibility for them, especially among their peers and within their communities, where weaving is often seen as a low-paying job.”

In the WeaverStory model, the products are purchased outright from the weavers. “WeaverStory ensures that weavers are paid fair market prices that account for the scale and input while keeping the product competitive. This approach rewards the weavers for their skill, time, and labour,” Nishant says. 

[caption id="attachment_53627" align="aligncenter" width="723"]Indian Art and Culture | Nishant Malhotra | Global Indian Naseem Bano (extreme right) is one of the weavers that WeaverStory works with to upskill village women artisans[/caption]

New Initiative - Revival collection of Venkatagiri sarees 

On the occasion of National Handloom Day which falls on 7th August and coincides with WeaverStory’s foundation day, the textile brand launched a revival collection of Venkatagiri Sarees. 

“Venkatagiri was once known for its fine-count cotton sarees with gold khaadi borders woven on a traditional pit loom. It held a place of pride in Andhra’s handloom traditions. However, with the advent of the power loom, the decline in the value of cotton, and a shift in market demand that leaned towards Banarasi, Kanchipuram and Paithani styles, the weavers of Venkatgiri lost touch with their traditional design language and eventually met with flagging patronage and diminished popularity,” informs Nishant. 

For the past several months, WeaverStory has been working with Tata Trusts’ Antaran to revive the lost designs of the Venkatagiri cluster. The textile brand has launched a collection of sarees with four archival designs that have not been woven in over 70 years. “The aim is to rekindle significant market interest in this historic craft and give saree connoisseurs across the world a piece of heritage to own,” says the entrepreneur who works with the vision of promoting the exquisite craft of handweaving, ensuring its legacy continues to thrive.

[caption id="attachment_53637" align="aligncenter" width="722"]Indian Art and Culture | Nishant Malhotra | Global Indian Nishant Malhotra with Mridula and Parvez Alam from Tata Trusts during the unveiling of Venkatagiri Revival Project[/caption]

 

  • Follow Nishant Malhotra on LinkedIn, Facebook and Instagram 
  • Follow WeaverStory on LinkedIn, Facebook, Instagram and its website

Reading Time: 5 mins

Story
The serial entrepreneur from Varanasi: Neena Pandey is painting her canvas with transformative strokes

(September 12, 2023) Neena Pandey’s infatuation with colours, designs, textures, and silhouettes goes back a long way. Growing up in the enchanting city of Varanasi, she experienced firsthand, how skilled weavers and artisans weaved magic on silks with their age-old techniques. She aspired to become an entrepreneur but her highly successful stints in the Silicon Valley wouldn’t let her go. Until one day, when she changed the trajectory of her life and gave up the corporate world to launch her own fashion brand. “My creations are a tribute to the intricate artistry that defines Indian fashion, combined with the contemporary sensibilities I have embraced abroad,” smiles serial entrepreneur Neena Pandey, speaking to Global Indian. A member of the Forbes Business Council, the US-based Neena Pandey is the founder and CEO of The String Code, a luxury fashion brand. She also founded IndieRoots, a lifestyle brand of products, and is the President of Club Z Tutoring, the fastest-growing franchise in the US. The list of top companies she has worked with in Silicon Valley is really long. “I am all about this cool concept called a portfolio career. It's this approach where you don't put all your eggs in one professional basket. You

Read More

l about this cool concept called a portfolio career. It's this approach where you don't put all your eggs in one professional basket. You diversify, dabble in different ventures, and keep that professional life vibrant and the entrepreneur says.

[caption id="attachment_44809" align="aligncenter" width="600"]Entrepreneur | Neena Pandey | Global Indian Entrepreneur Neena Pandey[/caption]

Clothes have this incredible ability to work wonders for women, she feels. “They can boost confidence, make a lady feel beautiful, spread genuine happiness, and help her truly appreciate herself,” points out Neena, who lives in the San Francisco Bay Area with her husband Sachin, an engineer, and their two children, Aditya and Anya. “I have lost count of instances where I noticed that when I am dressed to impress, I walk into meetings with my head held high and crush my presentations,” says Neena. The entrepreneur describes her fashion brand as a canvas where the colors of her Indian upbringing merge with the strokes of contemporary international influences.

A Varanasi girl

Growing up in a middle-class Indian family in Varanasi, Neena and her two elder sisters were consistently reminded by their parents that being unable to support themselves was not an option. “I grew up with limited resources, and always thought that I would ultimately find myself working for someone else as an adult – a path that I did follow,” recalls Neena, who in her younger days, took on the role of the family's designer, creating clothing for everyone at home.

[caption id="attachment_44817" align="aligncenter" width="683"]Neena Pandey | Global Indian IndieRoots artisans at work[/caption]

She did her schooling at St John's School, Varanasi, and an undergraduate degree in Chemistry with Honours from the Banaras Hindu University. During her academic years, Neena aimed to become a doctor due to the limited options typically presented in Indian households at that time – either medical or engineering. “However, I couldn't clear the pre-medical test, which turned out to be a fortunate turn of events in retrospect. I swiftly redirected my focus towards something I was passionate about – fashion and apparel,” informs the entrepreneur, whose professional journey began with India’s largest retail chain, Weekender.

Moving to the Silicon Valley

Before she kicked off her brands, Neena was crushing it as a fierce and outspoken marketing executive in Silicon Valley. While doing an MBA programme with a marketing major at Santa Clara University's Leavey School of Business, she got an internship at Adobe Systems during her first summer break in 2007.

Entrepreneur | Neena Pandey

“Adobe asked me to stick around part-time while I finished my programme. I took it up,” informs Neena, who later got an offer from Sun Microsystems, a big player back then and the brain behind Java. They offered her the chance to be the first product marketing manager for Open Solaris, their open-source operating system. Neena had a blast wearing her creative marketing hat– instituting innovative GTM plans to target students and the developer community worldwide. “We ended up exceeding targets by 106%, a full year sooner than projected,” says the former corporate honcho. Later, when Oracle acquired Sun Microsystems, she moved there and worked for two years.  She was the ambassador for their cohesive hardware-software messaging. “I also proposed a product idea that became a star product offering later.”

From there, Zyme Solutions came knocking and the entrepreneur was leading the marketing squad for something groundbreaking — channel data management, which was all about giving retailers the tech tools to conquer the retail scene. “We ended up launching the product internationally, making a difference in the lives of retailers, says Neena, who earlier did her Masters in Garment manufacturing technology from NIFT, Delhi.

A leader at heart

She had her fair share of victories at the Silicon Valley but deep down, she had this constant itch to venture into entrepreneurship. Eventually, Neena recognised that entrepreneurship was her calling. “I am the first person in my family to go on an entrepreneurship route. Obviously, my family members were scared when I left my promising career in corporate,” the entrepreneur says. Despite the uncertainty, she ventured into this new journey, acknowledging that success wouldn't be immediate.

[caption id="attachment_44810" align="aligncenter" width="624"]Entrepreneur | Neena Pandey Entrepreneur Neena Pandey[/caption]

With technology revolutionising fashion retail by reshaping e-commerce and marketing becoming hyper-personalised through data-driven insights and augmented reality, Neena says her tech wins combined with her deep dive into the fashion-retail world have her primed to shape a future all about connections and doing right by the planet.

Neena is also a featured author and contributor for Forbes. “Forbes values my opinion in various polls and publications. Being a part of this, I also get to tap into the vast knowledge pool of accomplished business leaders from all corners of the globe,” the entrepreneur says. As a proud member of the Council, Neena is unlocking a bunch of exclusive opportunities that are tailored to elevate her professional influence to new heights. “I'm connecting and collaborating with other esteemed local leaders in our own private space and at members-only events.”

[caption id="attachment_44821" align="aligncenter" width="601"]Entrepreneur | Neena Pandey | Global Indian Neena during the photoshoot for The String Code[/caption]

In the midst of this whirlwind, she carves out time for her own well-being. “I hit the gym at 5 in the morning or squeeze in a late-night swim at 10 p.m. Her workout routine covers a wide spectrum – from weightlifting and intense body combat sessions (a fusion of martial arts and kickboxing) to Pilates, high-intensity interval training (HIIT), and swimming. “I have incorporated meditation into my daily routine.”

The String Code

The String Code is not just a brand – it's a movement rooted in women's empowerment and manifestation of inspiring ideas and concepts, says Neena. “Our designs cater to diverse sizes and silhouettes, making sure every body type feels confident and comfortable in String Code outfits,” informs the serial entrepreneur, who is the start-up mentor at The Centre for Global Enterprise, New York.

[caption id="attachment_44819" align="aligncenter" width="669"]Entrepreneur | Neena Pandey | Global Indian A collection from The String Code[/caption]

Launched in July 2021, The String Code is her way of connecting with women across the spectrum. “I have woven my enduring confidence and passion into every string, every thread, and every distinct look meticulously designed for String Code,” says the entrepreneur, whose clothing brand adheres to the United Nations development goals. “The clothing is made in small batches using natural fibers, upcycled fabric, and environmentally conscious business practices when possible.”

Each piece she designs meticulously balances traditional elegance with modern sophistication. “My fashion brand is a canvas where the colors of my Indian upbringing merge with the strokes of contemporary international influences. I offer a collection that resonates with individuals regardless of their cultural background.”

IndieRoots

Collaborating with 60 artisan collectives across India and Southeast Asia, Indieroots is a lifestyle brand offering a range of products. “Its essence lies in bridging the gap between artisans and the global community by establishing a sustainable international market for talented creators. It fosters a spirit of entrepreneurship.”

[caption id="attachment_44816" align="aligncenter" width="701"]Neena Pandey | Global Indian Neena with some of the artisans of IndieRoots[/caption]

Describing IndieRoots - which was established in 2018 - as a profound calling that resonates with her passion for handicraft and home decor, Neena says every piece that finds its way into the homes of her customers narrates a story of artisan traditions kept alive by craftsmen from various corners of the world. She partners with over 60 artisan groups across India. “We've expanded our horizons to include collaboration with other Southeast Asian countries as well,” informs the entrepreneur, who is the executive member of the International LEAP network.

A book worm

Books are Neena’s getaway. The eclectic reader dives into Historical fiction, fiction, and mystery. “Lately, though, I have been drawn to non-fiction. There's something about inspirational, self-help, and spiritual books that just resonates with me,” says the entrepreneur. When it comes to music, she says it's woven into her family's fabric. “My children are passionate singers. Karaoke evenings and backyard jam sessions are pretty much standard fare at our house.”

TV shows? “I've had those nights where I've binged-watch till the wee hours, even when there's a business meeting waiting for me in the morning!” says the entrepreneur, whose favourites span a range of genres, from gripping thrillers and suspenseful espionage tales to comedy. And, when it's time to unwind, Neena finds solace in a good glass of wine.

  • Follow Neena Pandey on Instagram 

Reading Time: 6 mins

Story
Beyond Classrooms: SpaceBasic CEO Madhavi Shankar helps make campus life easy

(March 11, 2023) Some decisions can change the trajectory of life, forever. For Madhavi Shankar, it was moving to Australia to study in 2012. Living independently and practising independent decision making, she realised her potential when she joined a technology startup and went on to work there for four years, juggling different roles. The experiences came in handy when she had a chance meeting with Indu Navar, a successful entrepreneur from Silicon Valley, during a trip to the US in 2016. Five hours of conversations later, Madhavi Shankar’s career had taken off. “I returned to Sydney, quit my job and flew back to India the following year with a goal to solve the real problem in the education space. The result was the birth of SpaceBasic.inc,” smiles the Co-founder and CEO of SpaceBasic, the ed-tech company which works on digitising student experiences for universities and campus housing communities. Back to basics: The idea behind SpaceBasic was to create a digital platform beyond the classroom for students and educators. “Today, over 50 colleges and universities use SpaceBasic to empower their campus housing communities by digitising everyday tasks and communications to deliver a better living experience,” Madhavi tells Global Indian. With rigorous due-diligence,

Read More

s Global Indian.

With rigorous due-diligence, Madhavi learnt that over 80% of universities in India use little to no technology outside of the classroom. Campus operations like student housing, managing cafeterias and access control were ineffective and all performed manually with fragmented data sources. “We knew there had to be a better way,” says Madhavi, about the events that led to the launch of SpaceBasic.

[caption id="attachment_36087" align="aligncenter" width="416"] Madhavi Shankar, CEO and co-founder, SpaceBasic[/caption]

Under her leadership and entrepreneurial skills, SpaceBasic has grown 300% year on year. The AI-enabled SaaS platform digitises the non-curriculum life of a student by automating everyday tasks and communication within universities, schools and student housing communities, in one workspace.

Early life

A first generation entrepreneur from Bengaluru, Madhavi comes from a traditional South Indian family. Her parents, both doctors made sure education was the cornerstone of their children’s upbringing. “Throughout my school and college days, I would often get into trouble for my grades,” recalls the technology enthusiast, who enjoyed participating, curating and hosting events.

She did her schooling from National Public School and then went to Visvesvaraya Technological University for her Bachelor's degree.

Sydney calling

Come 2012, Madhavi moved to Sydney to pursue her Masters and MBA from the University of Technology. “My passion for startups started in Sydney. I wanted to start a company from the experience I had in Australia as an international student and drawing comparison to my experiences in India. I was inclined to build something in the education space,” says the Forbes 30 Under 30, Asia 2020 awardee.

While working in the tech startup in Sydney, Madhavi handled different responsibilities, from front desk receptionist, door-to-door sales to finally product manager, Asia Pacific.

[caption id="attachment_36088" align="aligncenter" width="770"] Madhavi and Indu Navar, co-founders, SpaceBasic[/caption]

The entrepreneurship journey

Referring to her meeting with Indu Navar, with whom she co-founded SpaceBasic, Madhavi says their conversation made them realise they shared the common passion of bringing about a change with the use of technology in undeserved sectors in India.

“The goal was to bring together meaningful data sources from everyday tasks and communication and to provide universities actionable insights, leading to cost reductions and streamlined operations,” explains the entrepreneur, who was honoured with Global Australian Award - Advance.Org & Government of Australia 2022.

SpaceBasic is backed by early stage Venture Capitalists SucCeed, Turbostart and have prominent angels from India and the US. Presently, SpaceBasic is working with institutions like Manipal Academy of Higher Education, PES University, DY Patil University, Indus International Schools among others and enables 120K+ users.

The company is expected to accelerate towards a revenue goal of $25M by 2026. “Universities and colleges today want to digitize manual, redundant campus operations and adopt AI technology to make predictive data-driven decisions that will help with cost reductions, optimized operations and provide an amazing connected campus experience to students,” she explains.

Empowering women everywhere

As an empowering woman leader, Madhavi had the opportunity to speak at the United Nations HQ in Geneva in 2019. “Representing India as one of the nine youth speakers was an incredible experience. I interacted and learnt about the social initiatives by young entrepreneurs,” says Madhavi. The event was part of the one million youth leaders by 2030.

She has also been invited to speak at IIT-Kharagpur, IIT-Chennai, ISB Hyderabad and TEDx talks as well. “The common theme around these talks have been women empowerment and the economic need for more women in the workforce and what we can do to support this,” informs Madhavi.

So what are her future plans ? “Our goal over the next three years is to digitise the campus experience of one million students with SpaceBasic.” She says her company believes in equal opportunities for all and giving back to the community. Affiliated with the movement ‘Pledge 1%’ where the company pledges 1% of their profits, time and software to invest back into the community, SpaceBasic works towards educating women each year, informs the entrepreneur.

Madhavi’s work involves lot of travel, something she loves. “I try to read half a dozen self-help books or biographies a year,” says the CEO.

Follow Madhavi on LinkedIn

Share & Follow us

Subscribe News Letter

About Global Indian

Global Indian – a Hero’s Journey is an online publication which showcases the journeys of Indians who went abroad and have had an impact on India. 

These journeys are meant to inspire and motivate the youth to aspire to go beyond where they were born in a spirit of adventure and discovery and return home with news ideas, capital or network that has an impact in some way for India.

Read more..
  • Join us
  • Sitemap
  • Terms & Conditions
  • Subscribe
© 2024 Copyright The Global Indian / All rights reserved | This site was made with love by Xavier Augustin