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5 Indian Startups which Have Closed Down Its Operations Due to Lack of Proper Planning and Shortage of Funds

Satendra Kashyap

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Indian startups which have failed

What comes to your mind when you think of startups? Well, it sounds very simple and easy to execute but it is nothing like that. Launching a startup of your own requires lots of hardship to flourish the business in the long term. Additionally, it also requires a proper floor plan, management plan and funds to execute it properly. If you would lack in any of these parameters it can fail miserably leading you to losses. Have a look at some of these startups which have failed due to these mistakes only. I am sure that you can learn many good lessons from the mistakes committed by them.

Scroll down to know about them more.

1. Just Buy Live

Just Buy Live was a startup whose aim was to connect all the retailers directly to different brands across multiple categories like fashion, stationery, smartphones, auto, personal care, food, and drinks, etc. The startup was also offering unsecured loans to small business owners to facilitate the transaction on its portal and provide funds to small retailers. The startup has managed to raise $100 million series B funding from a Dubai-based investment firm, Ali Cloud Investments.

Why did it fail?

This startup has failed miserably failed due to no proper planning of scalable business models and negative cash flow. As per the latest report, the startup’s co-founder has said that the company has temporarily been shut down for some time and it would soon resume its operation after raising fresh funding.

2. Shotang

The startup, Shotang was a business-to-business (B2B) online marketplace that was launched to connect retailers, distributors and various manufacturers to carry their business online using their platform. It used to earn revenues based on commissions paid by distributors per transaction.

Why did it fail?

Although the startup has raises a series of funding from different investors like Patamar Capital in February 2019 (INR 6.8 Crores) Exfinity Venture Partners in December 2015 (INR 36 crores). It is believed that the startup has risen the funding to pay off its creditors, employees, and partners.

3. PortDesk

The startup, PortDesk was aimed at providing e-procurement solutions for logistics management related operations like accounting, cash management, ports DA estimate, and voyage, layout and contract management.

Why did it fail?

The startup has shut down its business in June 2018 but the exact reason for its failure is still not revealed. The company has raised $2 million (INR 13.98 Cr) in a seed funding round from a Singapore-based maritime services company, Alphard Maritime Group.

4. Zebpay India

Zebpay India

via: Zebpay

Undoubtedly, the company was India’s largest crypto exchange that enabled users to buy and sell Bitcoins and other cryptocurrencies like Litecoin, Ripple, etc.

Why did it fail?

Zebpay has decided to shut down its operation completely soon after the official announcement by RBI in April 2018, which has restricted banks and payment companies to extend any services to crypto exchanges and wallets. The company closed its operations on 28 September 2018 by saying that they are unable to chalk out any other way to carry out the business at this point in time.

5. Tazzo

It was really an interesting bike rental startup that has helped millions of people to commute to their offices at only Rs. 5 per km. Its mobile app was integrated using GPS tracking technology which was used to do live tracking of the movement of the vehicle.

Why did it fail?

The company has shut down its operations because it was not able to generate positive cash flows out of its business.

Satendra Kashyap an Internet Marketing Coach and Search Engine Consultant for business owners. I have 9 yrs of Digital Marketing experience and can show you how to set up blogs, how to use social media for profit and any other external online marketing.

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Blogging 101: A Fool-Proof Guide To Writing A Short Story Worth Sharing

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Guide To Writing A Short Story

To be a top-tier blogger means that you are a great storyteller. Sharing your stories with your fanbase or the world doesn’t require all the fancy writing tools like a word counter or a fancy thesaurus. You’ll need a rich imagination and the writing skills to match with it so that your story will always strike a chord within your reader’s heart. 

Now just because they are called short stories, it doesn’t mean that they are easy to write. The length of the stories you write does not correlate with how well you’ve written them – as the saying goes, quality over quantity. When you’ve never written one before, it may seem complicated. Once you’ve gotten used to it, you’ll be pumping them out one after the other. 

Short stories typically have don’t have a long timespan – well, because they’re short, this then always keeps their climaxes as near as possible. This gives you the need to get to the end of the story to get that satisfying ending.

This article will help you by taking you from your basic introduction and opening to the intricate conclusion and climax.

1. Know What You’re Writing

Know What You’re Writing

You’re going to write a story that can go up to a maximum of about 5000 words to a minimum of 5 words. Within that limit, the short stories can express a key emotion, a dramatic plot, good character development, and as all stories have a satisfying ending. Make sure you maintain the proper structure for your story to avoid confusion.

2. Read As Much As You Can

Devote yourself to reading as many as you can – especially the classics, so that you can emulate your favorite experts. In a way, you can treat them as your mentors, and you’re merely an apprentice. Follow, watch, analyze, evaluate all of their works. This way, you can start with a basis and soon start to develop your style.

 Reading up on the works of your role models in the literary world can inspire your story style and structure. Reading a couple of dozen stories while developing your own is a great way to urge you to keep writing. Keep in mind that your story won’t necessarily leave a strong impression, but remember to stay confident and keep writing.

3. Find A Key Emotion Then Aim For The Heart

The whole feeling of the story is dependent on the key emotion that you choose. This key emotion will determine the impression that the readers get when they read your story. Although the concept of using a key emotion seems pretty simple, it’s more than that.

Spawning an emotion out of thin air from simple adjectives doesn’t cut it. 

You’ll need to contextualize the feelings and voice it out so that your concept and delivery has a strong impact. Choosing a key emotion isn’t all the difficult. Although, you need to select a theme or feeling that resonates with a lot of people. Themes like love, self-sacrifice, a heroic redemption, and freedom – try to avoid using cliches because it’ll bore your readers.

4. Hook Your Audience

Hook Your Audience

Having already planned out the general emotion of your story along with you being knowledgeable of the flow of short stories, you’re ready to begin your adventure. Writing a short story. Starting it off right isn’t simple. You’d have to open with strong lines, introduce all of the characters, and, more importantly, get your readers hooked unto your story. 

An effective way of hooking your audience is to use a sentence that immediately begs for the reader’s attention. Do this to get your readers to become curious about what you’re referring to — urging them to keep reading. You can also open it halfway through the story, which makes the reader intrigued about how the protagonist has gotten into that situation.

5. Write The Body

Remember the key emotion we mentioned earlier? Well, now is the time to put that into action. Make sure that each sentence that you write not only develops the story further, but it also has to participate in creating the mood you want. The main body is where you’ll give explanations to the factors you’ve said in the introduction. 

Also, since we’re writing a short story, you have to remember that you’ll have a limit to the number of words you’ll use. Thus, each sentence has more significance compared to when in a long story/novel. Use each sentence to add to the story, or else you’re just going to waste valuable space.

6. Finish Strong

There is nothing else in this world that would let a reader down than reading an exquisitely written story with a weak and disappointing ending. Once you’ve reached the final moments of your story, don’t give in to temptation and use a cliche to get your story over and done with. Take your time with it; make sure everything gets resolved. 

Combine a realistic situation that would happen to all of your characters with an impactful one — allowing you to write an ending that every reader would want and be satisfied with. A strong finish is what wraps up the whole story, and it could make or break the entire narrative.

7. Reread, Edit and Publish

Reread, Edit and Publish

Just because you were the one to write the entire story, that doesn’t mean that you’re Scott-free from all of the editings. Go back to your story with different perspectives. So you can spot all the little mistakes you had, then you’ll know exactly where to edit them later. Reread it a few times to see if the flow, delivery, and consistency need any changing. 

You can also send it to some esteemed editors and well-trusted friends, and they can highlight significant issues with the story or something small like punctuation issues. Fresher pairs of eyes don’t have any biases, so the corrections made would be constructive. After the edits are made, post your first story to your blog and wait for its popularity to rise.

8. Takeaway

After following this guide, you’ve written your very first short story. However, don’t just stop there; you can keep writing to hone your writing skills. Keep publishing them online so that your fanbase grows, and you might even get some devoted fans. Use them as a motivation to keep on writing, and you might also get your story published in a book!

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Indian News Platform Reaches The Western World

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Indian News Platform TNBC Live Reaches The Western World

TNBC Live, a publication of The News Plc., is making rounds as the leading Indian news platform catering to the populace of the western world.

TNBC Live provides the latest updates and in-depth analysis of various genres, such as politics, world affairs, entertainment, sports, business, and technology. Founded in 2010, TNBC Live is headed by the chief editor Chandrani Sarkar. The Indian news platform serves as a forum for diversity, providing international perspectives on world politics and entertainment.

According to TNBC Live, the website is accumulating a stable 45 million readers from across the globe, accomplishing this through their assorted website and mobile interface, allowing its readers to consume daily content whenever and from wherever they like.

Aninda Bhowmik, CEO of The News (Plc) said, “I have been planning to make TNBC a global news platform to improve the image of journalists everywhere. I have many other things up my sleeve that you will find out soon.”

Indian News Platform  TNBC Live

Addressing the question about starting a news channel, Aninda Bhowmik said, “For now, I just want to focus on the news website and bring new things to the table. The channel is not of my slightest concern. I want to perfect the website and increase my readership so that the world can see responsible news reporting. I will think about the channel after 3-4 years when my website is stable and I can pay attention to other things.”

Moreover, The News Plc, the parent company of TNBC Live, recently joined the prominent Internet Advertising Bureau (IAB UK), an advertising corporation with Facebook, Google, and The Guardian as its board members. According to IAB, “News Broadcasting Corporation Plc.

(News Plc.) is a global news and media conglomerate that offers up to the minute news and latest happenings around the world to operate an extensive diversified portfolio of media brands making it one of the leading media companies in Europe.”

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Bill Gates Announces To Offer Whopping Prize Money of Rs. 70 Lakhs For Developing A Payment App for Dumb Feature Phones

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Bill Gates Offers Prize Money of Rs. 70 Lakhs For Developing A Payment App for Dumb Feature Phones

In India, we have lots of variety when it comes to smartphones. We are one of the leading producers of them. Whether you belong from today’s era of from old generation, everyone likes to use such a phone that has trusted features and safe to use. Do you know recently Bill gates has announced really something very nice in which he has committed to offering prize money of Rs. 70 lakh to those who will build a payment app for dumb feature phones? This looks like a good opportunity for all those developers who can try their luck and win this whopping amount.

NPCI partners with CIIE.Co and Bill and Melinda Gates Foundation for the app development

NPCI which is popularly known as (National Payments Corporation of India) has collaborated with CIIE.Co and Bill and Melinda Gates Foundation for creating such an app that will help people to make hassle-free transactions through a dumb feature phone. They have announced a competition in which they have called all the developers to provide their innovative solutions and the winner would be taking home Rs. 70 lakhs.

Both the entities have announced a competition together

They have come together and announced a competition, calling developers to provide innovative solutions to make this happen — with the winner taking home $100,000 or Rs 70 lakhs.

Chief of Innovation at NPCI, Vishal Anand Kanvaty says,  “Feature phones hold a significant share of the mobile user base in rural and semi-urban population to anchor India’s move to a cashless economy rapidly. With the help of the government and the payments ecosystem, it is crucial that we should focus on providing smart and simple payments solution to feature phone users. Our aim is to help reach the digital payments system in tier 2 and 3 cities where feature phones are still in demand.”

Payment App for Dumb Feature Phone

He further added, “Understanding usage pattern of feature phone users will help us to ideate a better strategy for them to educate and empower them on digital payments even without smartphones. This will also boost the government’s agenda of less-cash societies in a cost-effective manner”.

Winners will not only receive prize money of Rs. 70 lakhs, they will also get support from CIIE.CO’s Bharat Inclusion Initiative provides support to startups to grow further.

Applications will be accepted till 12th January 2020

All the willing participants can take part in this challenge. The applications will be accepted till 12th January 2020.

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