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India's fintech startups
Global IndianstoryMeet the Indian fintech startups that are changing the way India spends
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Meet the Indian fintech startups that are changing the way India spends

Written by: Global Indian

If anything, the pandemic has taught most of us the importance of investing early and investing right. The lockdowns emphasized the need to go digital; even with payments and other financial transactions. And cashing in on this are India’s many financial technology startups that have made life easier for the consumer. With over 2,000 fintech startups operating in India across the areas of stockbroking, loans, and contactless payments, there’s a lot the sector has to offer a nation finding its way around a new way of transacting.

Global Indian looks at some of India’s most promising fintech startups that have been changing the way the country spends.

Global Indian looks at some of India’s most promising fintech startups that have been changing the way people transact.

Zerodha

Global Indian looks at some of India’s most promising fintech startups that have been changing the way people transact.

Nikhil and Nithin Kamath

Founded in 2010 by brothers Nithin and Nikhil Kamath, Zerodha has been changing the way young India invests in stocks. The Bengaluru-headquartered company offers retail and institutional brokerage, currencies and commodities trading, mutual funds, and bonds. With an active client base of over 32 lakh, Zerodha is the largest retail stockbroker in India, beating even traditional brokerage firms such as ICICI Securities and HDFC Securities.

The idea for the startup came about when Nithin, who’d been trading stocks since the age of 17, felt the need for a platform that offered people a seamless trading experience. The operations which initially focused on day traders have now evolved to cater to long-term investors. The company began as a completely bootstrapped venture and has so far not required any external funding; the company has been thriving despite the pandemic with people making a conscious effort to begin their investment journeys in these uncertain times. The platform has seen a 100% growth in concurrent users and won the NSE Retail Broker of the Year in 2018.

Global Indian looks at some of India’s most promising fintech startups that have been changing the way people transact.

CRED

Global Indian looks at some of India’s most promising fintech startups that have been changing the way people transact.

Kunal Shah

This Bengaluru-based fintech startup was founded in 2018 by Kunal Shah and lets users pay their credit card bills through an app. They in turn receive benefits via Cred coins and gems that can be redeemed across coffee shops, theatres, and e-commerce sites. The startup has also added a new feature to allow users to pay house rent and has introduced short-term credit lines. By 2021, the company has clocked in over 5 million users and currently offers five products: CRED RentPay, CRED Cash, CRED Pay, CRED Store, and CRED Travel Store.

The two-year-old company is one of the youngest Indian startups to become a unicorn with a valuation of over $2 billion. In April this year, the company had raised $215 million in a Series D funding round led by Falcon Edge Capital and Coatue Management. In January, it had raised $81 million in Series C funding.

Global Indian looks at some of India’s most promising fintech startups that have been changing the way people transact.

Digit Insurance

Global Indian looks at some of India’s most promising fintech startups that have been changing the way people transact.

Kamesh Goyal

Founded by Kamesh Goyal in 2016, Digit became the first startup this year to enter the unicorn club through an undisclosed investment round. Headquartered in Bengaluru, the company is backed by the Fairfax Group. Its services include care insurance, travel insurance, home insurance, commercial vehicle insurance, shop insurance. The platform leverages technology to simplify the whole insurance game and offers features such as smartphone-enabled self-inspection and audio claims.

It recently announced that it is now valued at $3.5 billion after raising $200 million in funding from new and existing investors such as Faering Capital, Sequia Capital India, and IIFL Alternate Asset Managers. Since its inception, the company has gathered a customer base of over 1.5 crore.

Global Indian looks at some of India’s most promising fintech startups that have been changing the way people transact.

MoneyTap

Global Indian looks at some of India’s most promising fintech startups that have been changing the way people transact.

Kunal Verma, Anuj Kacker, and Bala Parthasarathy

Founded in 2016 by Anuj Kacker, Kunal Verma, and Bala Parthasarathy, MoneyTap is India’s first app-based credit line. Launched in partnership with leading banks, it caters to the credit needs of middle-class Indian customers. With a presence in over 40 cities, MoneyTap provides small-medium cash loans, quick credit on mobile with affordable interest rates, and flexible EMIs. The founders, who are IIT and ISB alumni, wanted to make credit accessible to those Indians who found it hard to get loans when they needed it.

In the five years since its inception, the startup has now become an RBI-registered NBFC and has over 11 million users with a credit disbursement of over ₹4,000 crore. The startup is now all set to transition into a credit-led neobank FREO and aims to offer an innovative digital banking experience that focuses on the needs of modern Indian and Souteast Asian consumers.

  • RELATED READ: 5 Indian healthtech startups that empower doctors 
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  • Anuj Kacker
  • Bala Parthasarathy
  • Bengaluru
  • Coatue Management
  • CRED
  • Cred coins
  • credit-led neobank FREO
  • Digit Insurance
  • Faering Capital
  • Fairfax Group
  • Falcon Edge Capital
  • Fintech startup
  • HDFC Securities
  • ICICI Securities
  • IIFL Alternate Asset Managers
  • IIT alumni
  • ISB alumni
  • Kamesh Goyal
  • Kunal Shah
  • Kunal Varma
  • MoneyTap
  • Nikhil Kamath
  • Nithin Kamath
  • NSE Retail Broker of the Year
  • RBI-registered NBFC
  • Sequia Capital India
  • unicorn club
  • Zerodha

Published on 03, Jul 2021

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Meet the latest Indian startups to join the Unicorn club

As India grappled the crippling effects of the COVID-19 pandemic and its resultant lockdown in 2020, there were 11 startups that managed to defy all odds to emerge as unicorns. This year, however, Indian startups seem to have done even better. With 15 startups being valued at over $1 billion in the last six months alone, 2021 certainly seems to be emerging as the Year of the Unicorn. According to research firms and industry experts, 2021 was set to see a significant increase in the number of unicorns; but we already seem to have surpassed expectations. Global Indian looks at five of the latest entrants to have joined the club in the last 60 days.                                                                  BroswerStack  [caption id="attachment_3716" align="aligncenter" width="401"] Ritesh Arora and Nakul Aggarwal[/caption] The latest to join the unicorn gang, BrowserStack is valued at $4 billion after it recently raised $200 million in Series B funding that was led by BOND. The homegrown SaaS startup was founded in 2011 in Mumbai by Global Indians Ritesh Arora and Nakul Aggarwal and was originally supposed to let developers test their websites on Internet Explorer. BroswerStack is a cloud web and mobile

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9739":200,"335559740":276}"> 

[caption id="attachment_3716" align="aligncenter" width="401"]Meet India's latest entrants to the unicorn club Ritesh Arora and Nakul Aggarwal[/caption]

The latest to join the unicorn gang, BrowserStack is valued at $4 billion after it recently raised $200 million in Series B funding that was led by BOND. The homegrown SaaS startup was founded in 2011 in Mumbai by Global Indians Ritesh Arora and Nakul Aggarwal and was originally supposed to let developers test their websites on Internet Explorer. BroswerStack is a cloud web and mobile testing platform that allows developers to test their websites and applications across browsers, operating systems and mobile devices.  

It has offices in San Francisco, Mumbai and Dublin and raised $50 million in its Series A funding from Accel in 2018. Today, it has over 50,000 customers and more than 4 million developer signups; it caters to MNCs such as Tesco, Google, Amazon, Barclays, Expedia, Microsoft and Twitter. Over 60% of the company’s clients are from the US. According to TechCrunch, the company, which initially bootstrapped its way to profitability, began scaling to new markets only once it had assumed the market-leader position. 

Zeta 

[caption id="attachment_3718" align="aligncenter" width="454"]Meet India's latest entrants to the unicorn club Ramki Gaddipati and Bhavin Turakhia[/caption]

The banking tech company, which was co-founded by Global Indians Bhavin Turakhia and Ramki Gaddipati in 2015, recently raised $250 million in a Series C round from SoftBank Vision Fund 2. Now valued at $1.45 billion, Zeta works with over 250 fintech firms and banks such as HDFC, Kotak Mahindra, IndusInd, Yes, and Axis. With 750 employees and offices in the US, Asia, UK and West Asia, the banking tech company provides Omni Stack comprising modern credit and debit processing, BNPL, core banking and mobile experiences. While Zeta payments was only supported by MasterCard initially, today, they also have a tie-up with RuPay.  

In 2018, it bought a minority stake in PeopleStrong and in 2020 Zeta launched its technology platform-as-a-service in The Philippines and Vietnam. Selected as one of the Emerge 50 startups by NASSCOM, Zeta now plans to expand its footprint in Canada, Mexico, Brazil and Argentina.  

According to Mint, Zeta is Turakhia’s fourth startup. He had also founded Directi, a domain and hosting business in 1998, Radix, a domain registry platform in 2012, and Flock, a business collaboration tool in 2014.  

Moglix 

[caption id="attachment_3719" align="aligncenter" width="454"]Meet India's latest entrants to the unicorn club Rahul Garg[/caption]

The Noida-based B2B industrial goods marketplace, Moglix recently announced that it has raised $120 million in Series E round led by Falcon Edge Capital and Harvard Management Company. Existing investors, Tiger Global, Sequoia Capital India and Venture Highway also participated. Founded in 2015 by IIT-Kanpur and ISB alumnus Rahul Garg, Moglix is the first industrial B2B commerce platform in the manufacturing space to become a unicorn. With more than 500,000 SMEs and 3,000 manufacturing plants across India, Singapore, the UK and UAE, Moglix is looking to digitally transform the supply chain of the manufacturing sector.  

In a statement, Garg said, “We started six years ago with a firm belief in the untapped potential of the Indian manufacturing sector. We had the trust of stalwarts like Ratan Tata, and a mission to enable the creation of a $1 trillion manufacturing economy in India. Today, as we enter the next stage of our evolution, we feel this financing milestone is a testimony to our journey of innovation and disruption.” 

Urban Company 

[caption id="attachment_3721" align="aligncenter" width="471"]Meet India's latest entrants to the unicorn club Varun Khaitan, Raghav Chandra, and Abhiraj Singh Bhal[/caption]

The Bengaluru-headquartered home services marketplace startup recently raised $188 million in its latest round of funding that was led by Prosus. Urban Company, which was formerly known as UrbanClap, was launched in 2014 by Global Indians Abhiraj Singh Bhal, Varun Khaitan, and Raghav Chandra, who quit their jobs at the Boston Consulting Group and Twitter Inc, to return to India and pursue entrepreneurship. At the time, the trio had invested ₹10 lakh each to launch the company.  

The startup, which is now valued at $2 billion, is backed by marquee investors such as Tiger Global, Accel, and Elevation Capital. With Ratan Tata and Kalyan Krishnamurthy among its leading angel investors; the startup is now looking to onboard more than 100 engineers in 2022 to drive technological innovation in the home services industry. Urban Company offers home installation, maintenance, repair services, and home beauty and wellness services.  

Chargebee 

[caption id="attachment_3723" align="aligncenter" width="401"]Meet India's latest entrants to the unicorn club Rajaraman Santhanam, Saravanan KP, Thiyagarajan Thiyagu, and Krish Subramaniam[/caption]

The SaaS startup, recently raised $125 million in series G funding that was co-led by Sapphire Ventures, Tiger Global, and Insight Venture Partners. Now valued at $1.4 billion, Chargebee was founded in 2011 by four friends: Rajaraman Santhanam, Thiygarajan Thiyagu, Saravanan KP, and Krish Subramaniam. The startup helps companies automate complex billing and revenue operation challenges that arise as subscription businesses scale into large enterprises. It also provides key reports, metrics, and insights into the subscription business. Chargebee was built with the aim to deliver a seamless and flexible recurring billing experience to customers.  It boasts an extensive customer portfolio that includes Freshworks, Calendly, and Study.com. 

 

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Darwinbox: Pioneering the next chapter in Indian HR tech evolution

(Aug 18, 2023) When Darwinbox was first conceptualised, the other players on the field were two Goliaths, SAP Labs and Oracle. The idea was so daring, it was audacious, more so in the hands of three first-gen entrepreneurs, Chaitanya Peddi, Jayant Paleti and Rohit Chennameni. This was in 2015. In less than a decade, Darwinbox went on to achieve unicorn status, stands proudly alongside industry titans and has put India on the global HR-tech map. Darwinbox boasts clientele like Domino's, Domino’s, Starbucks, Kotak, and Swiggy,  helping them manage their HR processes, including hiring, attendance, and resignations, through a tech-enabled, user-friendly, end-to-end experience. In the end, it was about identifying a gap in the market, and the courage to take a risk, which all three founders possessed in spadefuls. [caption id="attachment_43786" align="aligncenter" width="665"] Entrepreneurs Chaitanya Peddi, Jayant Paleti, and Rohit Chennameni.[/caption] The story and journey of Darwinbox is unique in many ways than one. “We were one of the rare SaaS (Software as a service) companies that set out to build a product from Asia for the world, while most SaaS companies focused on the West. Our fundamental premise was that it is difficult to build systems that cater to the different

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. “We were one of the rare SaaS (Software as a service) companies that set out to build a product from Asia for the world, while most SaaS companies focused on the West. Our fundamental premise was that it is difficult to build systems that cater to the different cultural contexts of Asian businesses and users,” says co-founder Jayant Paleti, as he connects with Global Indian for an interview. Paleti, an alumnus of IIT-Madras and IIM-Lucknow, began his career at EY, as did Chaitanya Chennameni, who graduated from XLRI-Jamshedpur. Rohit, who holdss a B.Tech from VIT and an MBA from IIM-Lucknow, worked with McKinsey.

Starting out

The career paths of all three co-founders had one thing in common - they advised large enterprises on business transformation, digitalisation, and M&A. They found, across the board, that their clientele struggled to streamline HR processes, and organisations struggled to furnish critical information about human capital. The gap was most evident in a large-scale merger conversation in the life sciences sector led by Jayant in November 2014, where to his surprise, neither of the stakeholders was aware of the percentage of their talent attrition.
Global Indian | Darwin Box
As the trio went a step deeper to solve the problem, they realised the real trouble was with multiple systems (every organisation had an average of 3 HR systems) across the employee lifecycle which made it difficult to sync and analyse data. And in cases where there were integrated options, the solutions were rigid and clunky for the HR and employees alike resulting in poor adoption. To deal with these challenges and to make HR technology more intuitive, integrated, and insightful, Darwinbox was conceived and started in 2015.
Within a short span, Darwinbox became one of Asia’s fastest-growing HR technology platforms that helped enterprises cater to HR needs across the entire employee lifecycle. It became a success story and the founders, were poster boys of the Indian start-up scene.

Meeting an unmet need

The trio challenged the status quo and entered the playground of global legacy players. Initially, they put in their life savings before the venture capital funds discovered the start-up in 2017. They were aware of the challenges they faced and knew that they had to create a holistic solution that would stand the test of time. The initial offerings from Darwinbox were attendance and payroll which was the need for every firm but slowly they started to build up the platform by adding aspects like automation, simplifying regular processes (like leave and appraisal), and digital education.
In eight years, all their gambles paid off and Darwinbox has emerged as a leading player in South Asia (3rd largest), Southeast Asia, and MENA (Middle East and North Africa) by displacing some of the heavy hitters like SAP, Oracle, Workday, and others that boasted decades of legacy. Today more than 800+ enterprises, and two million employees from across 90+ countries love the Darwinbox experience, and the company is backed by reputed global investors like Technology Crossover Ventures (TCV), Salesforce, Sequoia, Lightspeed, 3one4 Capital, and Endiya Partners.

[caption id="attachment_43789" align="aligncenter" width="463"]Global Indian | Darwin Box Rohit Chennameni., co founder of Darwinbox.[/caption]

What contributed to their success was thinking ahead of the curve. When they started, most companies were focussed on the US, the entry barriers were tough and nobody considered Asia to be a viable and attractive market. Rohit recalls, “The competition was deeply entrenched and difficult to shake – SAP and Oracle. While these were some of the perceived challenges that we have overcome or are in the process of overcoming, we are on our way to becoming the top Human Capital Management player in Asia.”

Breaching barriers

As the start-up is valued as a Unicorn, Chaitanya adds, “We are very grateful to have the valuation we have now, but it is a milestone and part of our journey and not the destination. Innovating on the product is an ongoing process and the Unicorn valuation only reinforces our commitment to our customers. We are obsessed with customer success, and we will keep a steady focus on that every day.”
Rohit says that it has been an immensely satisfying journey. He adds, “It feels like yesterday when we had this idea to start Darwinbox Today we are one of the top three HCM players in Asia and have taken on the giants on their battlefield. We have grown to 750 plus employees and a Unicorn valuation in eight years. We service 650 plus enterprise clients and are present in over a hundred countries.”

[caption id="attachment_43790" align="aligncenter" width="596"]Global Indian | Darwin Box Chaitanya Peddi, co-founder of Darwinbox.[/caption]

The start-up has over the years increased its range of offerings. Today, it also provides a social network that enables better employee connectivity and is quick to integrate AI as part of the services, be it leveraging the technology for leaving applications or meetings that can be scheduled at a voice command. As they scale the summit of success, they remain motivated and enthused about the product they created. Jayant explains, “It’s a balance between growth and profitability that we are focusing on. There is a lot of opportunity globally for this space and we are bringing in a lot of innovations as well. As we take on the global giants, the balancing act is critical.”
The trio are gunning for global dominance. They aim to continue to grow in Asia to become the no.1 HR tech player in Asia ahead of SAP and Oracle apart from looking at expanding to new markets like US, UK, China, and Australia. “We want to be #1 in all the markets we are present. In the next 2-3 years, the aim is to get to $100 million in revenues. Given our experience in displacing global competition here, we are set to launch in the US market later this year. And are now ready to compete head-on in the largest enterprise technology markets in the world.” they sign off.
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Rizwan Adatia: The Indian-African entrepreneur’s big moves in business and philanthropy

(November 3, 2022) In 1986, Rizwan Adatia migrated to Congo from Porbandar, Gujarat in search of opportunities. He was just 16 and made the move upon being assured by his elder brother who worked there, that he would be able to make a living. Rizwan who had just flunked his class 10 exams, landed in the Congo with ₹200 in his pocket, dreams in his heart and a mind full of apprehensions. Today, the teenager who was not sure about what was in store for him in Africa, is the chairman of more than ₹2,000 crore COGEF Group that is spread in eight African countries - Kenya, Tanzania, Uganda, Zambia, Rwanda, Congo, Burundi and Madagascar.  [caption id="attachment_31324" align="aligncenter" width="960"] Rizwan Adatia, Chairman, COGEF Group and RAF Global[/caption] The Mozambique based entrepreneur has not forgotten his Indian roots and is a noted philanthropist. Through his Rizwan Adatia Foundation (RAF), he spends a considerable sum annually on developmental projects both in Africa and Asia. Even when I had few resources, I tried to reach the needy. When fortune smiled at me, I did not waste time and established the foundation for the work I enjoyed the most – making others happy Mentions

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/> Rizwan Adatia, Chairman, COGEF Group and RAF Global[/caption]

The Mozambique based entrepreneur has not forgotten his Indian roots and is a noted philanthropist. Through his Rizwan Adatia Foundation (RAF), he spends a considerable sum annually on developmental projects both in Africa and Asia.

Even when I had few resources, I tried to reach the needy. When fortune smiled at me, I did not waste time and established the foundation for the work I enjoyed the most – making others happy

Mentions the tycoon on his foundation’s website

 Life in Africa 

“When I first landed in Africa, I missed my mother a lot who loved me too much,” says Adatia in an interview with India News. The youngest of six siblings faced many challenges there as the language, culture and people were new. However, he carried on the struggle to establish a foothold, receiving immense support from his elder brother. He looked at the new country as an avenue to reach closer to his goals. “God is not just in temples or mosques; he is within each one of us. If you believe in yourself, God will give you immense strength to rise above yours fears and uncertainties,” he said during the interview, adding “cleanse your inner self to see God within you.” 

Indian Philanthropist | Rizwan Adatia | Global Indian

Working as a salesman in a grocery store, he dreamt big enough to start a store of his own after spending a few years of grooming his customer service skills and the other nitty-gritties of running a grocery business. There were many setbacks on the way but Adatia persevered, going on to establish a chain of stores. With time he expanded his business in sectors like manufacturing, retail, import and export, and warehousing. Today COGEF is the leading wholesaler, and number one player in the cash and carry retail market in Africa.

Dream big, if you want to go far. Make use of all the opportunities that come your way. If your dreams are big, then even if there is lack of opportunities or less financial support, you will be able to develop an inner strength to carry on, and reach far - Rizwan Adatia

Taking risks in his stride  

Adatia has encountered a fair share of challenges in running a group of companies on a foreign land. When his first business venture was scaling new heights, his grocery store was massively destructed by local goons. Adatia was shattered but did not give up and built up the business from scratch, making it reach greater heights and finally shaping it into the COGEF Group - a multi-million-dollar business conglomerate.  

Indian Philanthropist | Rizwan Adatia | Global Indian

In 2020 the philantropreneur was kidnapped in Mozambique and released from its Maputo province. Undeterred, he continues to influence people about the virtues of doing good. “Money is not everything, Honesty is life. It gives us direction, respect of others and helps us be grateful to God for all we have,” he said during one of his motivational talks. 

Giving back  

Rizwan Adatia’s foundation, RAF Global, established in 2015, is committed to improving the quality of life of the most marginalised communities in Asia and Africa. Driven by a strong sense of service, he has been contributing a good part of his profits into a wide array of philanthropic causes, and socio-cultural development. 

The international board of RAF Global consists of professionals of repute from different walks of life working in Asian and African countries to meet the foundation’s international development commitments and to ensure efficiency of its programmes.  

Indian Philanthropist | Rizwan Adatia | Global Indian

With the global head office in New Delhi, the focus of the foundation is on uplifting lives of people in need in countries like India, Democratic Republic of Congo, Mozambique, Madagascar, Swaziland, Afghanistan, and Bangladesh. The programmes of the foundation are aligned with the UN Sustainable Development Goals (SDGs).  

RAF Global focuses on improving health systems and promoting food security in disadvantaged communities while encouraging self-reliance through economic inclusion for vulnerable citizens, especially women and children, and upskilling workers to promote employability.  

We Indians should consider each other part of a large family. If we get together, we can contribute in addressing challenges faced by the people of our country, and also tackle several issues across the world - Rizwan Adatia

Reaching out to his home state, Gujarat 

Since the philanthropist has his roots in Gujarat, the state is a major beneficiary of RAF. The foundation has built schools in earthquake-hit regions of Kutch, constructed girls’ hostels and donated public welfare funds. It has also adopted Junagadh’s Maliya Hatina village for its overall development. The philantropreneur celebrated his 50th birthday with 44 lonely senior citizens and differently abled couples of Gujarat, taking them to their first international trip to Singapore and Malaysia. On another occasion he had organised a cruise trip for 45 female senior citizens of Porbandar, his home town.  

[caption id="attachment_31331" align="aligncenter" width="960"]Indian Philanthropist | Rizwan Adatia | Global Indian Rizwan Adatia with Prime Minister of India[/caption]

Adatia is a motivational speaker who helps youngsters and entrepreneurs to scale new heights by promoting the idea of resilience and positive thinking. The entrepreneur believes in the magic of yoga. “Yoga has so much power that if you devote 10-15 minutes to it every day, you will be strong enough to face all challenges of both mind and body,” he advised youngsters in one of his speeches. 

Talking in the context of Swachh Bharat Abhiyan the entrepreneur says:

It should not be only about cleanliness of our environment but also about getting rid of our inner shortcomings.

A film and a book  

A film adaptation of the entrepreneur’s biography was out in the theatres in 2020. It portrays the life of a daring 10th failed guy who worked hard enough, without bowing down to challenges establishing 22 cash and carry supermarkets, 130 retail wholesale outlets, and four manufacturing units, employing more than 2,500 people in eight countries of Africa, generating goodwill along the way. 

https://www.youtube.com/watch?v=yP70harqqz8

Money is like salt, it’s important but if it’s too much it spoils the taste - Rizwan Adatia

Both his biography and the movie stresses on the above message and showcase how while touching zenith the entrepreneur put his wealth to good use by reducing disparities in education, healthcare and economic development of the two continents close to his heart – Asia, his homeland and Africa, the land where he works.  

Core Areas that Rizwan Adatia Foundation focuses on: 

  • EILSWY - Economic Integration and Livelihood Support for Women and Youth  
  • CSA - Climate Smart Agriculture  
  • HNI - Health and Nutrition Initiative  
  • ETP - Education and Technology Programme  
  • GGP - Good Governance Programme  
  • HR - Humanitarian Response  

Follow Rizwan Adatia on Facebook, Twitter, Instagram and YouTube 

Follow RAF Global on LinkedIn, Facebook, Twitter, YouTube and its website 

 

Reading Time: 5 mins

Story
Ramya Ravi: The Harvard educated entrepreneur bringing alive the magic of her grandmother’s biryani

(March 13, 2022) Growing up Ramya Ravi remembers feasting on the fragrant donne biryani whipped up by her grandmother. With each grain of the jeera samba rice coated in her secret blend of masalas and aromatic herbs, the greenish hued biryani left behind memories of its lusciousness long after it had been demolished. But the entrepreneur wondered why the donne biryani that filled her childhood with its deliciousness failed to enjoy its moment in the sun pan India like the Hyderabadi or Lucknowi biryanis. It was this desire to popularise the typically Karnataka style of biryani that led the Harvard alum to launch RNR Biryani as a cloud kitchen bang in the middle of the pandemic. However, the entrepreneur’s gamble paid off and today, RNR is a hugely profitable enterprise with dine in restaurants too. What started off as a cloud kitchen with an investment of ₹5 lakh in late 2020 is now a flourishing business clocking in a turnover of ₹10 crore. With a considerable presence across Bengaluru, RNR Biryani is set to spread its branches to neighbouring states this year. The fact that it was launched in the midst of a pandemic and managed to successfully grow at a

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f a pandemic and managed to successfully grow at a time when the hospitality and F&B industries took a hit, makes it a unique story of spotting an opportunity at the right time.

[caption id="attachment_21258" align="aligncenter" width="670"]Entrepreneur | Ramya Ravi Ramya Ravi with her sister Shweta[/caption]

Born in Bengaluru into a family that owns a chain of hotels, Ramya and her two sisters – Shweta and Raveena – were always encouraged to be independent and come into their own. “We were always taught that it was all about what we brought to the table as individuals,” says Ramya, who schooled at The Valley School before doing her B.Com from Christ College.

“My father would always share stories of successful women entrepreneurs with us from early on,” says Ramya, who went on to do a short-term management course from Harvard University. “As I watched my father work, it influenced me to get into the hospitality sector myself,” the 27-year-old tells Global Indian. She also pursued multiple internships with various establishments and also worked with her father R Ravichandar, which gave her more exposure into the hospitality and F&B industries.

“But I always wanted to start up on my own,” says the entrepreneur, who often wondered why naati style Karnataka cuisine wasn’t celebrated across India; specifically the donne biryani. She launched RNR Biryani (named after her father Ravichandar and grandfather Ramaswamy) in November 2020 along with her sister Shweta as a tribute to their grandmother’s recipe. “The whole idea was to make RNR Biryani a family affair and dedicate it to my father and grandfather.”

Entrepreneur | RNR Biryani

They first began as a delivery-only model from a 200 square feet space in Nagarabhavi in Bengaluru with a single cook, two assistants and an investment of ₹5 lakh. “What gave us the confidence to start up in the middle of a pandemic is the fact that we saw an opportunity to deliver good quality donne biryani at a time when people were ordering in a lot,” says the entrepreneur, adding, “Given that during the pandemic hygiene was paramount, we found very joints that could deliver a hygienically made donne biryani; most of them were the small local joints.”

That became RNR Biryani’s USP – hygienic, authentic naati style donne biryani. Packaged in a blue tin box, RNR Biryani soon became quite popular as the startup tied up with Swiggy for delivery and in their first month clocked in over 10,000 deliveries. Soon, they’d launched their second kitchen in JP Nagar and there was no looking back. A year later, in November 2021, RNR also opened doors to its first dine in restaurant in Bengaluru’s Jayanagar. Today, RNR also has a delivery radius that covers almost every corner of the metropolitan city.

Entrepreneur | Ramya Ravi

So what is it that makes the donne biryani so unique when compared to other biryanis? To start off, it’s more robust in its flavours, says the entrepreneur. “Since it is made with jeera samba rice, as opposed to basmati, the rice itself absorbs the flavours of the masala and herbs very well.” The RNR offers its biryanis in chicken, mutton, and vegetarian variants along with a slew of sides and kebabs, ghee roast, tender coconut payasam and a fusion rasmalai cremeux. Another unique offering they’ve developed is the drumstick chilli, a hit with vegetarians and non-vegetarians alike.

“We also paid great attention to packaging and opted for tin boxes that also become collectibles. It turned out to be a talking point when we first launched our donne biryani in the market,” says Ramya, a trained Bharatanatyam dancer.

As RNR has made its way into the hearts of Bengalureans, Ramya is now set to take her offering to other states as well. “I want to make the naati style donne biryani as popular as the Hyderabadi biryani. The plan is to first introduce it to other South Indian states and popularise it there,” says the entrepreneur, who also loves to travel, explore new places and cuisines in her free time.

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Knotting it right: Haresh Adnani is crafting bespoke carpets with artistic legacy

(May 29, 2024) Over the years, Haresh Adnani has skillfully woven his entrepreneurial spirit into Nodana (from the Latin word Nodus meaning knot), a bespoke carpet venture that elevates his family's three-decade legacy in home textiles by creating the most exquisite carpets. The entrepreneur has turned his carpet brand into his signature achievement while steadfastly supporting artisans in preserving their craftsmanship. To him, rug-weaving is an art form that demands precision, technique, and creative talent. The Spirit of Entrepreneurship Born in 1973, Haresh was raised in Mumbai, where he completed his schooling from Greenlawns and did his B.com from the popular HR College of Commerce. While studying, he began to intern at a garment export firm. “I have always wanted to be an entrepreneur, with a business in a different line, away from the family run company, so I started with manufacturing and exporting of garments in 1996. Bulk of my products were sold across Europe that included importers, retail chains and mail order companies,” Haresh tells Global Indian. Marketing his garments meant he had to travel extensively across Europe which he truly enjoyed as it meant getting work done and exploring, meeting, and seeing people and countries with its

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il chains and mail order companies,” Haresh tells Global Indian.

Marketing his garments meant he had to travel extensively across Europe which he truly enjoyed as it meant getting work done and exploring, meeting, and seeing people and countries with its various cultures and food. “Travelling has always fascinated me and to add to this, beautiful landscapes, natural beauty, and the richness of history across Europe made it even more worthwhile and exciting. With the family business growing quite swiftly, in the year 2002, I moved into the home textile division of the company which was also concentrated in exports,” he says.

Haresh Adnani | Global Indian

Business Mantra

Nodana is a part of Adnani Exports Ltd. which is a family owned and run company for over 35 years of manufacturing and exporting home textiles across Europe. “We have always wanted to foray into the Indian market with something special. I was always fascinated by the intricate designs and textures of carpets that I would encounter during my research trips. This felt like the right moment to materialize my wish with the concept of customised carpets. Backed with the experience and expertise of home textiles we marched right ahead in this new venture. India felt like a huge carpet ahead of me to be walked on,” he recollects.

Artisan Cues

The artisans play a crucial role in the creation of their intricate and beautiful pieces of art with many carpet weaving techniques being passed down through generations within artisan families and communities. They often draw on this rich tradition of knowledge and craftsmanship, preserving and honouring ancient techniques while also adapting to modern innovations.

 

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Carpet weaving is a highly skilled craft that requires years of training and experience to master. Artisans develop a deep understanding of weaving techniques, knotting methods, and design principles through apprenticeship and hands-on practice.

"Nodana has its manufacturing base in a small town called Bhadohi, located in Uttar Pradesh, known as the Carpet City of India. A lot of the artisans are normally contract staff and are given daily wages but at Nodana, our aim is not just based on commercial interest but also a social and emotional responsibility towards this invaluable art that's why all our weavers are on permanent payroll of the company. This helps in creating a family and oneness with the karigars which then eventually transpires in our work and designing,” he says, adding, “We recognise the legacy of this beautiful art and truly believe in it and want to take it forward and hence encourage the newer generation to be a part of this tradition. Our karigars take pride in their workmanship and strive for perfection in every aspect of the weaving process.”

Haresh Adnani | Global Indian

Making the Journey Count

Being very passionate about his work is what makes him start each day with renewed energy and hope."This is why even if I have failed, I have still picked myself up and started from scratch. Results have never defined my direction. I believe in perseverance and hard work, and then sooner or later results will fall in place. Willingness to learn each day, no matter how many years spent in this industry is what keeps me going," says Adnani. His advices potential entrepreneurs to be patient, hardworking and persistent. "Rome wasn’t built in a day and so goes with every business. Nothing comes easy. There are no shortcuts to success. So, it is important to dream and put yourself out there no matter how hard it is," he adds.

Beating Challenges

Like every business, they too have faced challenges at different times. For most, it would be financial and mental challenges but for Adnani it is emotional as well. "Being calm, collected and determined to resolve the issue at hand helps in having a clarity of thought. Sometimes, I have noticed that we try too hard to find a solution, and if we just disconnect and view the problem from a distance, it becomes easier to find the solution," says Haresh, who believes in the concept of community and working together. "You can never overcome a challenge completely on your own. Personally, I belong to the old school of thought, and I treat and respect every person working with me as family, where they also feel they are an integral part of the company and contribute to the process of resolving problems that arise."

Looking Ahead

For someone who has been fond of sports and athletics, he admits that it has stayed with him through the years and he enjoys a good game of cricket and tennis. “Travelling is also something I am very fond of, especially quiet countryside places, close to nature. All this really helps me to unwind and relax. I also love going to the theatre and catching up with friends,” says Adnani.

For his brand, he hopes to take his business to great heights but more important than that is the invaluable smile of the customer on receiving their product and giving space in their home. “I truly believe in the saying that the customer is the king. With every small step, we hope to take this legacy forward for years to come,” he signs off.

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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.

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