DA-3Name: Mohd Waris Ali KhanReg No:20BCI0299Recent Indian Innovations description1:REINVENTING EDUCATIONByju’s- The Learning app, known for its unconventional and practicalmethods of teaching, has grown rapidly over the years. The goal of the appwas to make learning accessible, effective, engaging, and personalised foreveryone. It initially started in 2011 in Bengaluru with a focus on K-12(students in classes 4-12) and launched its eponymous flagship product inAugust 2015. Byju’s creates personalised learning journeys for individualstudents based on their proficiency levels and capabilities, which help themlearn at their own pace and style. Byju’s adopted an online mode becausechildren are primarily visual learners and learning through visualrepresentations is exciting and easier for them. Also, as the country becomesmore tech-savvy, people are getting more inclined towards education appsand parents are opening up to technology-backed learning. According to arecent report, out of 2,000 users surveyed, about 89 per cent were in favour ofonline learning.Byju’s has been growing 100 per cent month-on-month for the past threeyears. The company had a revenue of Rs 520 crore (US$ 73.00 million) in2017-18 and is targeting to triple revenue to Rs 1,400 crore (US$ 196.53million) this financial year. The company is planning to build a product for theinternational market and K-3 (1st, 2nd and 3rd grade) segment. Its recentacquisition of Osmo, the US based playful learning system, will help inoffering customised, engaging and fun learning for younger kids. Byju’s caneffectively capitalise from changing mind-sets and developments in thecountry.
2:ZOMATO: TOP OF THE FOOD CHAINZomato, an Indian start-up is in the business of online food ordering. It initiallylaunched Foodiebay.com in Gurugram in 2008, a website that scannedmenus and provided ratings and recommendations on restaurants. It soonexpanded to cities like Kolkata, Mumbai, Pune and Bengaluru and renameditself as Zomato in 2010. Presently the food ordering business has itspresence in 24 countries and has achieved a milestone of 21 million monthlyonline food orders in India alone. Zomato’s overall revenue from food orderingincreased from 35 per cent to 65 per cent after acquiring a delivery providercompany named Runnr in 2017. After receiving its first investment in 2010 byinfo edge, Zomato started expanding its operations and achieved improvedgrowth. The company made nine acquisitions by 2015 of which fiveacquisitions were made in a single year. By 2016 Zomato was valued atUS$ 1 billion. It has raised about US$ 635 million in 11 rounds.Over the years, Zomato has been able to come up with new products likeZomato Gold, Treats and hygiene ratings to tackle the newcomers like Uberand Ola. Zomato gold was labelled as the fastest user subscription
programme in the country after getting 300,000 paid users and partnering withabout 2,200 restaurants. Having overcome the initial tumultuous period andfirmly establishing itself as a leading player in terms of deciding your nextmeal, Zomato is in an excellent position to capitalise on the growth of thesector across the length and breadth of the country.