December 6, 2021

Tomer Aiderapp

Consummate Business Technicians

Test your business creativity with Edition 14 of our quiz

This weekly quiz from YourStory checks your domain information, small business acumen, and lateral pondering techniques (see past week’s quiz here). In this fourteenth edition of the quiz, we existing 5 troubles tackled by authentic-existence business owners in their startup journeys.

What would you do if you have been in their shoes? At the end of the quiz, you will discover out what the entrepreneurs on their own in fact did. Would you do things differently?

Look at out YourStory’s Reserve Critique part as well, with takeaways from in excess of 320 titles on creative imagination and entrepreneurship, and our weekend PhotoSparks section on creativity in the arts.

Q1: Electrical mobility

The circumstance for electrical autos is compelling – a transfer away from fossil fuels, easier to manufacture, and developing marketplace desire. Worries to be triumph over include distribution of charging stations and value-powerful battery swapping. What is yet another critical obstacle?

Q2: Media products

The pandemic has pushed fast uptake of online media intake, these types of as streaming media. However, it has also spurred the fortunes of another variety of electronic conversation. In simple fact, its pre-digital type even predates the newspaper. Which media variety is this?

Q3: Methods for superior wellbeing

India’s youth populace is one particular of the premier in the planet (in absolute and relative terms), and a great deal interest in the health and fitness sector aim on options for this escalating demographic. But it is also important to deal with health and fitness answers for another segment – which one particular is this?

Q4: The fintech opportunity

Much of fintech exercise focuses on upper and center-money city markets, which is well-served by regular corporations. But how can costs be reduced so that other segments can be resolved? Which other communities can be served greater, and how?

Q5: The foreseeable future of collaboration

The pandemic has accelerated the use of Perform From Household (WFH) types, even to WFHT (work from residence town) and WFA (do the job from any place). Virtual options for distributed do the job require to be safe, collaborative and easy to use. What is a further vital attribute for WFH alternatives?

Solutions!

Congratulations on possessing appear this much! But there’s much more to come – answers to these five inquiries (under), as nicely as inbound links to articles or blog posts with far more details on the entrepreneurs’ remedies. Pleased reading, content finding out – and joyful producing!

A1: Electric mobility

“As electrical mobility is seeing speedy adoption in India, lack of financing alternatives remains the largest roadblock,” explains Sameer Aggarwal, Founder of RevFin. The Delhi-centered digital e-mobility buyer lending platform serves the monetarily excluded and underserved segments.

RevFin has recently elevated $4 million in pre-Sequence A funding round in both fairness and financial debt and aims to be a sector-main EV financier in India. Study a lot more about RevFin’s ideas right here.

A2: Media styles

“The resurgence of the publication sector is a worldwide phenomenon accelerated by the new ordinary of digital screens turning into our windows to the planet,” explains Priyam Sharma, Founder of The Jurni, a travel and culture e-newsletter.

Interestingly, newsletters are some of the oldest kinds of group interaction and predate newspapers, with roots again to authorities conversation in historic Rome. Ubiquitous smartphones and affordable details in countries like India make digital newsletters a feasible media variety, notably for youth. Read extra about Priyam’s perform in this article.

A3: Methods for superior wellbeing

“We have to have to get associated in the age-tech ecosystem and discover remedies that could make improvements to our parents’ and grandparents’ wellbeing,” urges Tapan Mishra, Founder of Seniority, India’s premier purchasing place for senior citizens, and Evergreen Club, a holistic wellness app for more mature grownups.

While India is recognized for its massive youth base, persons aged 55+ depict additional than 15 % of the whole population, he cautions. Therefore the worth of addressing ‘Gen S’ – especially the on line phase, also termed ‘Seenagers.’ This space has previously attracted investors globally and in India, Tapan provides. Study far more right here.

A4: The fintech opportunity

“There are about 100 million families and 300 million people residing in 4,000+ modest towns of India. The urban section is thoroughly focused by banking companies and fintechs but there are no special products and solutions for compact cities,” according to Vishal Chopra and Himanshu Gupta, Founders of WeRize.

The substantial-price department-dependent distribution design of traditional firms tends to make it tricky for them to provide tiny cities. Leveraging the digital model, WeRize offers customised credit, team coverage, and price savings products and solutions to users residing in modest towns in India. Go through much more of their journey right here.

A5: The future of collaboration

“The pandemic has recognized that the future of collaboration is online video,” describes Aditya Pisupati, Founder and CEO of Ving (the startup’s identify by itself will come from ‘videoing’).

“The future of workspaces is versatile, safe and collaborative,” adds co-founder Amitabh Patney. The hybrid do the job product brings together overall flexibility with efficiency. The startup’s solutions empower seamless collaborations and accessible distraction-totally free workspaces. Study far more about Ving below.

YourStory has also printed the pocketbook ‘Proverbs and Quotes for Entrepreneurs: A Earth of Inspiration for Startups’ as a inventive and motivational tutorial for innovators (downloadable as applications below: Apple, Android).