The Most Trusted Payment and online transaction Solution Providers, 2021 by Business Connect

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

Editor’s Note With technology and ingenuity creating a more connected era, people are gradually shifting to more and more digitization. Today, online platforms have significantly influenced our life. With a few clicks, we can avail comforts at our doorstep like book travelling destinations, procure products and services and more. With digital becoming more and more inclusive, it has helped many developing nations earn recognition. Egypt is one such nation known

DIGITAL INCLUSION IS THE NEXT STEP – NOT JUST FOR COMPANIES BUT FOR NATIONS AS WELL

for its robust Information and Communication Technology(ICT). 40% of Egyptians are between 10-20 years age and two-thirds of the population are under the age of 29; hence, giving a major space to growth and innovation. The opportunity is absorbed, by many technology players and innovations like 4G are already powering their communication service and 5G is in discussions. Not just these, the Country has brought in improvised infrastructure along with customized data packages allowing its citizens to be more digital – more connected. The abundant potential of digital inclusion has empowered Fintech across the country. More than 40 companies, including startups, financial institutions, and micro-finance providers, as well as incubators, hubs and investors, have leveraged on this technology and spread its potential across the country. However, of all the companies this technology has conjured - of all the companies that made significance, e-finance is a force to reckon with. The Company is the brainchild of Ibrahim Sarhan (Chairman and Managing Director) – A revered business leader with 3 decades of exposure in the community of commerce and economy. Integrated with cutting-edge technology and a team of exceptionally skilled engineers, e-finance has procured a tailored suite of digital solutions for all kinds of financial transactions across Egypt. Business Connect India has always supported the efforts of inspiring business leaders and feels honoured to feature e-finance in its edition “The Most Trusted Payment and online transaction Solution Providers, 2021”. e-finance’s story throws light on how digital inclusion can re-define the nation’s progress. So go through their story today! But don’t stop there, turn the pages over and go through the other national and international brands spreading the efficiency of Fintech across the planet. With time, people across industries have understood, the need and opportunities of digital inclusion. As such, there is a constant competition between brands in devising innovations to provide better customer experience. To keep you updated with innovations, practices and trends in the market, the edition is fitted, with in-house blogs, current affairs, trending articles written by, efficient writers. Our combined efforts are focused on one single goal – To keep our readers updated, with the know-how of the world. I sincerely hope you find our efforts worthy of your time. With that being said, I bid farewell. Take care!

Indranil Roy Indranil@businessconnectindia.in

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COVER STORY

Cover Story FINANCIAL TECHNOLOGY AND DIGITAL PAYMENTS Transforming The Digital Economy Landscape

IBRAHIM SARHAN

Chairman & CEO Financial Technology and Digital Payments

Page No. 10

Contents Table of

Success Story Mohan K : A Man Catering to Transactional Challenges in the Rural Space

Page No. 18

Auxilo Finserve Doesnâ&#x20AC;&#x2122;t Let Money Hold You Back

Page No. 20

GetPY Analytics Pvt. Ltd. Innovative Digital Solidarity With SMEs

Page No. 22

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Tourism 5 Awesome Trips in India under INR 5000

Page No. 24

India Transact Services Limited Transactions made Simple

Page No. 26

Lifestyle

8 Essentials and Stylish Clothes for Everyone During the Winter

Page No. 30

Paylo One Stop Shop For Making Your Payments Swift Easy And Seamless

Page No. 32

LaunchPad Meet 4 Cool & Best Tech Gadget

Page No. 34

Pay1 CHIRUTHA DALAL : The Stupor Of Woman Leadership In The Business World

Page No. 36

Cousine Must try These 9 Mouth Melting Foods In This Winter Season

Page No. 38

Current Affairs After the Dramatic Fall, Jack Maâ&#x20AC;&#x2122;s Ant Group Might Have a Blurred Future

Page No. 40

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Financial Technology and Digital Payments Kriti Anand | Business Connect

Transforming The Digital Economy Landscape

COMPANY OVERVIEW e-finance is a leading fully-integrated developer of digital payments infrastructures with deep roots across the Egyptian fintech space. It offers a comprehensive suite of digital services that covers the entire payments value chain, from a premier network development and operations services, smart card production and management, to e-commerce platforms for a multitude of sectors, and supported by a robust network architecture. e-finance has cemented itself as an integral part of the Egyptian government’s push for digitization, and has propelled the nationwide forward-looking strategy by developing integrated platforms that are leading Egypt’s digital revolution. The company is skillfully assisting the platforms aiming to develop the ICT sector, boost competitiveness, and attract foreign investment. Established in 2005 to build, operate, and manage the Egyptian Government’s financial payments hub, e-finance has grown to become the “Digital Partner of Choice” for digital transformation in Egypt. The company has made it a mission to invest in people and technology to develop advanced solutions for Egypt and beyond. e-finance’s vision is enabling digital solutions to benefit economies and citizens.

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

Cover Story

Ibrahim Sarhan

Chairman & CEO, Financial Technology and Digital Payments

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Government Financial Network

A DIGITAL PARTNER OF CHOICE

governmental financial payments electronically through the government Point of Sale (POS) network. The company leverages over 16,000 Gov-POS distributed across the nation

e-finance is a fintech pioneer and an architect of the financial digital space. The company has successfully built a solid foundation to provide industry-leading digital payments solutions across the nation through the establishment and continued development of the government financial network that forms the backbone of the Egyptian government’s financial digital transformation strategy.

To meet the needs of the evolving digital economy and align with the nation’s financial inclusion strategy, e-finance successfully worked with the Ministry of Social Solidarity to digitize the nation’s subsidy programs over a diverse array of channels.

The company’s revolutionary financial network brings accessibility to multiple initiatives across Egypt’s digital space, offering hassle-free solutions and services that bring efficiency and ease of use in traditionally complex transactions.

•

e-finance’s flagship Government Financial Network processes an annual aggregate of c. 500 million transactions for c. EGP 1.6 trillion between government payments and collections, positioning it as an essential driver for Egypt’s digital transformation. Through the network e-finance managed to digitize the following: •

Wages and Salaries for Government Employees

•

Supplier Payments

•

Taxes

•

Customs

e-finance’s Government E-Payments Solutions is the backbone of the nation’s payments network, managing endto-end processes between key governmental and financial institutions, suppliers operating on national projects as well as providing digital payment channels for banked and unbanked citizens. e-finance’s holistic and user-centric philosophy has driven them to establish a platform for Egyptians to execute their

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Takaful and Karama: Egypt’s First Conditional Cash Subsidy Program benefiting 3.1mn households with 25mn Takaful and Karama transactions per year.

Companionship program: Egypt’s Subsidy Program for people with special needs, benefiting over 5mn people. e-finance collaborated with the Ministry of Agriculture and Land Reclamation and the Agriculture Bank of Egypt to provide a set of tablets that are used to register agricultural farmland holdings. The company has also provided over 1,600 POS to process fertilizer sales in various agricultural cooperatives across Egypt governorates. e-finance also has over 5,000 digitally integrated fuel stations across the nation thanks to the company’s contract with the Egyptian General Petroleum Corporation, which covers the entire spectrum of fuel monitoring and control for Liquified Petroleum Gas (LPG) repositories.

TECHNOLOGICAL ADVANCEMENTS e-finance’s expansive digital payments services are supported by a state-of-the-art and secure network architecture that is anchored by a team of highly skilled engineers and support agents. As a fintech pioneer for Egypt’s digital transformation, e-finance is committed to ensuring a best-in-class experience for the company’s clients across the nation: Providing first-class nationwide contact center services: e-finance outsources a 24/7 contact center service to complete its fully integrated end-to-end offering for its clients across a wide span of industries and sectors. •

Government Bodies

•

Commercial Banks and Financial Institutions

•

Civil Society Organizations

•

Retail

•

Construction

As Egypt continues developing its digital and financial inclusion strategy and accelerates its transformation to a fully digitized economy, e-finance ensures that the Contact Center is equipped with a cutting-edge tech infrastructure that meets the international standard to best serve its expansive client base. The center has over 800 seats and serves around 1.8 Million monthly calls. Cloud Services: Revolutionary cloud-based services that empower the users of e-finance. The company’s expansive e-payment infrastructure is supported by a leading robust network architecture that ensures the continuity and sustainability of its digital payment channels and platforms.

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Fintech: e-finance firmly believes in driving innovation. Egypt is uniquely positioned to become the leading fintech hub in the region driven and e-finance is focusing on capitalizing on the country’s favorable dynamics and establishing a fintech accelerator that will support aspiring new players in the financial services sector.

By leveraging its strategic partnerships with leading technology and internet service providers, e-finance extends unique and innovative cloud-based services, guarantees exceptional data security and service continuity for its clients and arms them with cutting-edge data analytics capabilities. Operational Support: Extending exceptional front-line support to their wide and growing client base, e-finance offers clients 24/7 desk support services. Its field support service is supported by a stellar team of more than 350 technical support agents that provide a wide range of field, operational and technical support services to its customers, across Egypt’s 27 governorates.

GROWTH STRATEGY The growth strategy of e-finance is underpinned by four key pillars that leverage the company’s well-established core competencies and value propositions to enable digital solutions that will benefit economies and citizens alike. Their goal is to maximize and unlock value for all stakeholders, and bring them ever closer to accomplishing Egypt’s vision for a digital future. The strategy pillars for growth, expansion and realizing e-finance’s goals include: Solutions: Building tailored, scalable solutions for essential services by offering electronic payroll and pension payment programs, social programs, the government’s GFMIS and petroleum payment portals.

FUTURE PROSPECTS OF E-FINANCE e-finance has cemented itself as an integral partner in the Egyptian government’s push for digitization and has propelled the nationwide strategy forward by developing integrated platforms that are leading Egypt’s digital revolution, aiming to develop the ICT sector, boost competitiveness, and attract foreign investment.

Platforms: Enabling third parties to connect and transact by leveraging its expansive network of platforms, channels, and outlets on behalf of government and private sector clients. Services: e-finance’s digital services line of business is core to its business model because it aims to maximize the value generated from e-finance’s platforms and solutions by continuously developing and utilizing best-in-class data analytics, cybersecurity and data hosting.

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Success Story

Mohan K A Man Catering to Transactional Challenges in the Rural Space

Paying with a smartphone is the easiest way possible. The mobile payment apps are coming up with new ways to exchange money and provide customers with new ways. Nowadays, applications such as Google Pay, Paytm, Mobikwik, PhonePe, PayU, and Razorpay are in hype as they are driving India’s fintech boom. There are few companies, who aim at examining the next billion users and tries to bridge the gap in non-metro cities and rural areas. Chennai-based “IppoPay” is a payment aggregator that allows businesses to collect and accept payments from customers. In Tamil, the word ‘Ippo’ means NOW. So the app’s name, “IppoPay” means Pay Now. The co-founder and CEO of this Chennai-based IppoPay is Mohan K, who belongs from a family of fishermen living in Thamraikulam, which is a small village in Rameshwaram. Mohan describes that the fintech platform allows businesses to accept payments through its POS Software. It allows businesses to get invoices, together with statistics on business, engaging with customers, and so on. There is no need for payment permits, POS, or swiping machines for IppoPay. The merchants are supposed to simply generate QR codes using its mobile app. “There has always been an issue with other favored payment options that, business book records are not provided. IppoPay resolves the issue by letting businesses manage payments, track payment details, and it also sends a payment link through SMS/Email to its customers”

“The platform - IppoPay, can also be used, to

manage subscriptions, automate recurring billing, and get notified for all activities that are related to payment. There are no setup charges; the platform has a flat unit pricing model ”

MOHAN K | CEO, IppoPay, CEO & Foloosi

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“IppoPay’s target audiences are merchants and vendors, the motive is to introduce them to digital payments with its simple and user-friendly interface”

THE JOURNEY FROM PROGRAMMING TO STARTING UP

Mohan is a graduate from Md Sathak Engineering College who arrived in Chennai to make a living. He joined as a programmer in a small company but always had a desire to do something of his own. In 2010, a web development company was launched by him, which shortly, started to gather revenues and soon made him the ‘local fintech guy’.

“More than 50 payment gateways were integrated. As time went by, I was getting more involved in fintech, wondering how things work… by that time, my web development company had taken the shape of a software development company,” With the express idea of getting more clients and funding, in 2018, Mohan went to a Fintech event in the UAE, where he met with Omar Bir Berk, a Dubai-based entrepreneur. He offered Mohan to become Co-founder and CTO of a company known as Faloosi, to build the tech, which would help in solving the last-mile fintech issues in the UAE. Without the need for a POS machine, Faloosi enables businesses to get paid using QR code, payment gateway, or a payment link. It took one year for Mohan to develop the payment gateway product and finally, Faloosi was launched in February 2019. The venture worked so well that Mohan wished to bridge this gap in India.

CATERING TO TRANSACTIONAL CHALLENGES IN THE RURAL SPACE

Mohan planned to create a similar fintech solution which will be focused on small businesses for India, and he started it from his home town, Tamil Nadu. Mohan says, “Most of all payment aggregators are seen coming up from Bengaluru, Mumbai, or Gurugram and support businesses in languages such as English or Hindi. That led me to think that our gateway should be in a local language such as Tamil to be user-friendly”. Mohan decided to quit Faloosi and he launched IppoPay in June 2020. He drew his childhood friend Jaikumar as a co-founder and CTO, together they set up a team of 15 members for IppoPay. The founders of the startup have invested Rs 50 lakh into the company so far.

THE FUTURE PLAN Mohan wishes to diversify the offering and help businesses in India. The startup he has built is in line with the Prime Minister Narendra Modi’s call for an Atmanirbhar Bharat, he is proud to share that “IppoPay” is currently focusing on to simplify the social commerce for the sake of entrepreneurs to be able to create an online store within a minute. “Most married women in Tamil Nadu are homepreneurs and they require an eCommerce platform, but the hiring of a development company is difficult. Platforms such as Shopify are available, but such platforms need to be paid. IppoPay is a payment aggregator that fills the gap in Tamil Nadu”. SMALL MERCHANTS AND SMES ARE THE TARGETS IppoPay’s clients include milk vendors, chit fund companies, newspaper boys, and others in Tier II and III cities in Tamil Nadu. Mohan says that they planned to create a mobile app for those people who manage their payments only through paper and also, offered them a subscription plan in their language.

Mohan says, “IppoPay provides proper accounting software, customer management with a complete book record and tracking of payment details”. An Android/ iOS app is provided in order to handle all activities related to payment in the mobile app.

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AUXILO FINSERVE DOESN’T LET MONEY HOLD YOU BACK Indranil Roy | Business Connect

Out of 400 million India’s students, only 260 million are enrolled in schools. Parents, across all income levels, see primary education as the key to unlock future doors for their children. The need for the hour is to relentlessly work out and create solutions to close the gap between quality education and its accessibility and affordability. Admitting the need for modest-quality education, Auxilo Finserve enables students as well as schools to “dream big!” Auxilo Finserve, with its aim of making it possible for students to study abroad with up to a hundred percent cost coverage arranged within the shortest possible time, is no less than a dream come true for many deserving students. They endeavor to give education a promotion with their Education Institution Loan (EIL), which can be utilized by schools to enhance and develop infrastructure, services, and offerings. They cater to K-12 schools, boarding schools, primary/ pre-primary schools, as well as coaching centers.

NEERAJ SAXENA

(M.D. & CEO)

Founded in 2017, Auxilo Finserve Pvt. Ltd. is a proeducation NBFC registered with the Reserve Bank of India. With the belief that it’s the right of every student to avail of quality education, the firm is taking steps towards ensuring that students acquire the knowledge, skills, and dispositions that they need to achieve their individual goals and to maximize their contribution to society and the country on the whole. The firm’s prime responsibility as a Financial service provider in the education sector is enabling access to the best of class education to all the deserving candidates in a convenient manner. A lot of people just decide to put off their dreams until they have money. Every single day when they put off their dreams, they lose a portion of time to live that dream. Later in the life they live wondering what if they had made those choices, how would life be different. We realize how cherished your dreams are. You have been living them for years and letting them go off just for the lack of money may limit your idea of seeing another one. Don’t worry!! If you have a clear vision, and a determination to succeed, we stand by you. We have seen a personal and career growth in aspiring youth coming from different parts of the country looking at pursuing various courses. The same can be seen in our school development segment. We have been helping Institutions and trusts to enable better education through technology and right educational practices.” says Mr. Neeraj Saxena (MD & CEO) at Auxilo.

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THE MAKING OF AUXILO

WHAT FACTORS HAVE LED TO THE RISE OF GOODWILL?

Being a start-up, the first struggle was getting people to believe in the organization, recalls the CEO. It requires a lot of hard work and honesty to create a belief when it comes to uniting people to work for a common dream. Over the years the team built a solid foundation of really dedicated individuals. They worked a day in and day out towards one common vision ‘money won’t hold you back in achieving your dreams’. When the vision moved ahead, more members joined the cause and the team of Auxilo witnessed significant growth. Yes, there were ups and downs and financial markets also crashed. But all of these kept strengthening the will to succeed. The team also began focusing on the qualitative side of business development such as product research, data analytics, etc.

We believe that students looking for financing from Auxilo are entrusting their future aspirations with us. As a responsible lender, we empathize with that thought and offer credit on fairest possible terms with the clearest and transparent processing giving the customer unparalleled clarity for their financing. This can be reinforced by the systemic process management across the entire customer journey followed by each team, function, a member at Auxilo starting from onboarding to the final disbursement and beyond. We don’t limit ourselves to just the assessment of the case but delve into consulting the students for the best college or course that they can opt for.

AUXILO OFFERS TWO MAIN SERVICES:

HOW HAS R&D HELPED AUXILO GAIN A SIGNIFICANT ADVANTAGE?

Higher Education Loans: These are the loans provided to students who are looking for further enhancement of their skill set by attaining higher education within India or Abroad.

Thanks to data analytics and technology, we have realized micro and macro factors that go into the choices of aspiration and how people perceive financing. Therefore, attending seminars, education fairs and interacting with a lot of students on campuses, on-ground engagements with schools/colleges with interactive sessions, understanding the global news and its impact are some of the protocols that we follow in the R&D department and is an ongoing process for us. We realize that there is a wide gap in education financing and sometimes it’s not about the product or the backend algorithm but continuously growing new factors that starts giving us the edge in understanding education finance in new dimensions.

School Development Loans: These are the loans provided to educational institutions that can be utilized for multiple purposes such as enhancing and developing infrastructure, services, and offerings that aid the education enhancement for the school or institution. When asked what helps you structure these loans, the CEO says: “Education and economic factors are the key challenges because that’s where we have to continuously keep understanding, improving, parameterizing and quantifying what the decision parameters are going to be. The challenge is to keep on understanding the need for the education economics of the country and its constantly changing applicability. While, in the school development lending segment, it is the acute understanding of education economics and the dynamism involved in it that helps us structure these loans.”

GIVE SOME BUSINESS TIPS TO YOUNG PEOPLE WHO WANT TO PLACE THEIR FOOT IN THE ENTREPRENEURIAL WORLD.

Entrepreneurial mindset requires mastery is not how much you know about the business but more about how much you understand your people and their talent and specialization and have been able to bring them together for your purpose. It is about your vision and being able to apply the skill set available to solve the business equation that lies between your team members, customers, and financing.

A UNIQUE PRACTICE

Auxilo has specialized in wider coverage of courses with a wider outreach of countries. These courses are related not just to science and management but also to Music and Fashion. Unlike the market that is focused only on conventional lending, Auxilo has been able to identify different products to help students complete their admission formalities with ease such as Pre-Admission loans and Pre-Visa Disbursements, etc. Here, the students have also used Auxilo’s sanction letter as proof of funds at the embassy. The focus is not only on Schools from rural areas. Any private unaided schools can apply for a loan from Auxilo for any kind of requirement at their school.

CONCLUDING THOUGHTS

Auxilo operates in segments that are enablers of social development in the country. Auxilo’s endeavor lies in improving the accessibility of funds to bright students coming from financially modest backgrounds so that they can fulfill their dreams and have a scalable change in their family’s livelihood. Auxilo also works towards improving the primary education infrastructure in the country through the school development funding. It caters to schools in tier-2 and tier-3 markets, wherein the funds can enable improvement in the quality of education for the students studying there. Through upgraded infrastructure, facilities and new-age digital classrooms, Auxilo work towards changing lives. Both business verticals of Auxilo, though for profit, are socially inclined and are enabling a finer educated society resulting in an empowered nation on the whole.

Want to know more about this promising company? We had a conversation with the founder to bring you some exclusive insights. Here’s a quick glimpse.

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

GetPY Analytics Private Limited Innovative Digital Solidarity With SMEs Kajal Dobhal | Business Connect

Post the advent of this pandemic, the world has changed. Companies are going “contactless”. Everything seems to have moved online. People are relying on technology more than ever: for education, for entertainment, for business. This dependence on technology has left many out of the race, especially the local retailers who cannot afford to simply “move online”.

KIRTI SRIVASTAVA CEO , Getpy Analytics Pvt. Ltd. www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

GetPY biz is endeavouring to address the drag of virtual presence lag, helping the retailers take their stores online, and with it providing all the advantages and convenience for the SMEs and their customers. The company’s ready-to-use innovation tech has proved to be a blessing for the users, increasing sales and enabling business growth in a cost-effective manner.

build a contactless business that can with stand the tide of changing times. The app provides much-needed services like improved delivery channels, online payments, and digital invoice. “Take your store to your customers” is undoubtedly the way to go when the customers hesitate to come to the stores, while maintaining the relationship built over the years through proximity and trust.

ABOUT GetPY In this unexpected acceleration of technological pervasion, GetPY’s approach to provide digital platforms for local retailers, in a simplistic manner that is easily understood by them, is a game changer. Established in September 2017, GetPY has thousands of satisfied users and clients that have seen their businesses improve dramatically through the years. Enhancing their brand value and helping them form easy channels of communication with the target audience, GetPY.biz has come through as an important innovation for the survival of small enterprises. With its significant reach in the market segment comprising small and medium undertakings, GetPY is helping a number of these through the tough times brought on by the pandemic.

THE TECH SOLUTIONS GETPY PROVIDES HAS A FOUR DIMENSIONAL APPROACH: Products, Retailer, Customer and Delivery. The easy-to-use app enables the retailers in multiple ways such as being able to understand their sales pattern, manage the inventory, multilayered product categorisation, product’s picture upload via phone, in sending offers to the consumers directly through push notifications, and improving upon their overall digital efficiency. The team at GetPY left no stone unturned in their efforts to provide the best possible product for their clients. The digital tools provided by GetPY biz help retain the cash flow for the retailers, never compromising their relationship with their regular customers. The retailers can ensure super smooth delivery for their consumers by tracking their orders without any fuss.

Freeing the small and medium retailers of the fretters of ignorance about technological advancements, GetPY is paving a way for them to gain a foot hold in the changing marketplace. The company provides them with the opportunity to get their brand on the digital platform, without compromising their unique identities. It offers them the ability to create a simple, fast and secure app within minutes that represents their own brand image. The mega players of the retail industry that sought to capitalize on the trust factor associated with local retailers only allowed for their products to reach the customers, overpowering their brand name. GetPY’s outlook enables them to keep their oneness intact by designing their app around them. It also makes the middle men redundant, cutting down on the retailer’s costs significantly.

The company has ensured that the economic pulse of the country, the local sellers, that never before had access to technology, do not get left behind due to these unexpected circumstances. Even though the novel coronavirus has affected every business, the local retailers are easily the worst hit. By empowering them with technology, GetPY is doing its part in assuaging the economic down turn. FUTURE ENDEAVOURS In keeping with its strategy-based business approach, GetPY has divided its future plans into three time frames: eighteen months, three years, and five years. In the next eighteen months, the Company’s focus will adhere to improving the quality of their product. Simplifying the digital platform further and making it more user-friendly, GetPY biz hopes to make it more convenient for its clients. The three years after that will be devoted to increasing the platform’s reach, with a target of acquiring a million users or more. GetPY plans to extend its business to tier-1, 2, and 3 cities (rural cities) of India in the next five years. The team aspires for GetPY to create a reputation for itself through its solutions all over India in just two and a half years.

The CEO of GetPY, Kirti Srivastava, started this venture in order to contribute to the economic upliftment of India. Leaving numerous opportunities behind in the US, Kirti and CTO, Prabhu Srivastava, decided to work for a social cause in India. Recognising that obtaining a customized application developed by any of the service providers in the domain was expensive and time consuming, the founders decided to create quick and affordable solutions for the SMEs. Their vision has become all the more relevant with these enterprises facing the brunt of the pandemic. With technology as a great equalizer in terms of opportunity, their innovative endeavour has made quite a difference for the retailers.

With ecommerce surreptitiously taking root all over the globe, having an online sales platform has become vital for the survival of businesses. By providing the local businesses the resources to acclimate themselves to the rapid transformation of the market, GetPY is ensuring that they grow and prosper along with the rest of the world.

EMPOWERING LOCAL RETAILERS The advent of tech-based sales in India was quite late compared to the West, and thus SMEs still need a hand to get onboard the technology train. GetPY ensures that not only do they have access to the online methodology, they also enhance their profits and customer satisfaction in the process. The delivery and ordering app keeps them in loop with their customer’s needs, and helps them adapt to the new normal. It helps them 23

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

Tourism

5 Awesome Trips in India under INR 5000 Since winter is here, it is time to get out of your own state and enjoy the best of what nature has to offer. Today, we are going to highlight the top 5 awesome and beautiful places in India, which will not cost you much to travel to. These places are breathtaking, eye-opening, and jaw-dropping. Here is our pick of places that you can visit under Rs 5,000

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

radesh imachal P

Himachal Pradesh is one of the breathtaking places of India known as “Devobhoomi” (Abode of Gods). There are many tourist attractions in this state that won’t take your eyes off. One of the well-preserved natural beauty spots is Kasauli, it is a small hill station - nearby Shimla, and here, thousands of people come to this hill station to behold nature. Now you must have questions, when should we go? Well, it is totally up to you what season do you like most, if you want to enjoy snowfall and chilly winter, then Oct to Feb month is best for you. Around Rs 3,000 to 4,000 will cost you.

Kasauli, H

KASAULI, HIMACHAL PRADESH

ha Jaipur, Rajast

JAIPUR, RAJASTHAN

KANYAKUMARI, TAMIL NADU

Prade sh

kumari, adu

Tamil N

Kanyakumari, situated at around 85 km from Trivandrum, where you can see lofty patches of red cliffs along with deep blue waters, obviously a three major water bodies Bay of Bengal, Indian ocean, and the Arabian Sea. Also, you can enjoy beautiful monuments and Vivekanand Memorial & the Thiruvalluvar Statue from the beach. The most wonderful view of Kanyakumari is sunset and sunrise at the one time. Believe me, you would not have any words to describe them. Let’s get back to the budget, accommodation will cost you around 800, and 250 to 300 bus tickets, the rest can spend further in the Kanyakumari.

Kanya

Tawan

g, Aru

Tawang is a fast-growing tourist place located at an altitude of 3048-meter in the midst of the mighty Himalayas. People here come to see the picturesque landscape, waterfall, and spiritual significance. This is also known for its Buddhist monasteries, here you can see a huge influx of travelers all year around. This is the place where people should come once in their lifetime to see exquisite nature view. I’m pretty sure, it will win your heart. The journey of Tawang can be accomplished at an affordable price as compare to other tourist destinations.

nachal

TAWANG, ARUNACHAL PRADESH

Jaipur, the capital of Rajasthan is known as the pink city, where ancient work of arts catches people’s eyes. Many places in Udaipur are worth visiting, such as Amber Fort and Place, Hawa Mahal (Place of the Winds), Nahargarh Fort, Jal Mahal, Jaigarh Fort, Jantar Mantar, and city palace. Every ancient fort has its own story. The city you can explore at a very reasonable price, you can find the best hotel at the price of around 1,000 INR, the tour guide will cost you Rs 500, and food 500 INR.

MussooR ie, Uttara

Having a conversation about nature and do not talk about Uttarakhand’s mesmerizing view. It means we are committing crimes because this is the place that sits in the lap of nature. There is a place called Mussoorie that won’t let you go anywhere. This glittering hill station is a paradise for a nature lover and romantic muse for honeymoon couples. The place is featured with stately hotels, cozy cafes, old taverns, and more. It is located at around 35kms from Dehradun. The best time to visit this place from Sept to Nov. travel fair is not expansive at all, you can go via train or bus, which will cost around 1,000 to 1,500 as per transportation you choose.

khand

MUSSOORIE, UTTARAKHAND

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

Transactions made Simple INDIA TRANSACT SERVICES LIMITED

SUNIL KHOSLA

Head Digital Business - Retail

Ashwathy Nair | Business Connect

rom being a cash-centric economy, Indiaâ&#x20AC;&#x2122;s digital payment story is impressive and exciting. Over time, there has been a huge shift in the payments landscape of India and digital payment is a dynamic industry to be a part of at this time. The digital payments segment witnessed a dramatic rise with the growth of e-commerce companies followed by emergence of digital wallet companies and technology startups in India. The growing popularity of alternative payments solutions and digital commerce in general further adds fillip to the electronificating trend in India. It is vital to keep pace with the progressions and offer solutions and services with latest technologies in such a disruptive market scenario.

Despite all the growth, awareness and increase in adoption rate, the digital infrastructure still needs a thrust to further widen its reach and penetrate within the Indian financial ecosystem as well as rural geographies. As per RBI report of August 2019, for a total of 878 million credit and debit cards in the country, there are only 4.4 million PoS devices and only 2,07,144 ATMs. This shows there is a huge gap in the existing demand and supply that needs to be addressed. Currently, digital payments systems are highly dependent on smartphones with data connection, NFC, Bluetooth etc. There is still a huge amount of population in India that does not use smartphones. The percentage of smartphones that are NFC enabled or have access to QR Code mechanisms is also very low. Therefore, there is a dire need for low-cost, more interoperable and universal infrastructure of digital payments. This provides room for innovative start-ups to bring in disruptive technologies entailing low cost adoption models. Solutions which can resolve this technology-utility gap to make digital payments accessible are unprecedented. Entrepreneurs can leverage this gap to enter this market.

About three years ago, India witnessed a major frenzy and felt like it was left at a midpoint due to demonetisation. Though the citizens had to endure lack of cash flow initially, the digital payments ecosystem obtained this new opportunity that opened up and has witnessed a huge growth, ever since. As per various analysts, over the next few years, the payment ecosystem will witness a whole new way of how money circles in the economy.

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

India Transact Services Limited is a prominent Omni-channel merchant digital payment solutions company that provides a host of products and services to merchants with an aim to simplify the process of transacting and merchant acquisition, in addition to providing other value added services. The team at India Transact consists of highly passionate individuals who consistently strive towards providing the customers with innovative and best-in-class payment solutions through their products and services. Headquartered in Mumbai, India Transact is a wholly owned subsidiary of AGS Transact Technologies Ltd., India’s leading end-to-end payment solutions provider with core operations in Banking Automation Services, Banking Payment Solutions and other Automation Solutions.

Through their brand ‘Ongo’, India Transact is focused towards creating an alternate payments ecosystem. As of October 2019, India Transact has approximately 1.5 lacs digital payment acceptance points contributing a peak monthly Gross Transaction Value of 1300 crores and has expanded to 1800 cities across India.

customers keep up with the recent changes. Therefore, to ensure that opportunities are not missed, it is very important to stay abreast with the developments and offer the latest technologies in the market. India Transact believes in constant innovation and keeps exploring new possibilities to enhance customer experience.

Their best-in-class Ongo POS machines extend support to the Digital India initiative enabling merchants all over India to accept electronic payments with enhanced security features.

India Transact’s offerings encourage the adoption of Digital payments amongst SMEs and MSMEs. Digital revolution is possible only through Financial Inclusion and their products in true sense empowers the merchants belonging to these low strata to promote the usage of Digital modes of payment acceptance and make India a Digitally strong nation.

Their product and services range from POS (point-of-sale) terminals equipped with latest technology to facilitate fast and secure payments in the store and on-the-go. Their devicebased portfolio comprises of POS terminals including Android PoS, GPRS & digi- PoS as well as Integrated POS solutions. In addition to terminals, India Transact also caters to deviceless Solutions such as Payment Gateway, enabling Bharat QR transactions, BHIM/UPI payments and value added services comprising of Loyalty Cards – Rewards & Prepaid, Billing Software, Cash@POS among others.

Over the past three years, we have witnessed a number of initiatives taken by the Government to steer the Indian economy towards digitalization. To incline consumers towards digital payments various efforts have been initiated towards providing better internet connectivity, technologically advanced equipment and security against hackers. There has also been a rise in digital credit into bank accounts due to the government’s direct-benefit transfers, and digitalization of government payments. Although to go truly digital, retailers should make a conscious shift and strategized initiatives must be implemented by the industry bodies. Clearly there is a lot that needs to be initiated to achieve the end goal of realizing the ‘Digital India’ dream. However, the onus does not lie solely with the government and enterprises. Government and individuals have to come together to bring about the necessary change.

The organisation believes in providing best services and includes a list of clientele including several leading names from Banking, Retail & Hospitality, Petroleum, Education and Transit sectors amongst others. Their solutions and product portfolio caters to micro, small and medium enterprises and merchants as well. Constant technological advancements and innovations are the order of the day. Everything is going mobile and

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QA TESTING LABORATORIES PVT LTD A COMPLETE SOLUTION IN FIELD OF TESTING WITH ACCURATE AND RELIABLE RESULT

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Lifestyle

8 Essentials and Stylish Clothes for Everyone During the Winter Winter has already knocked our doors; it is time to add up more layers to stay warmer. In the modern world, what we wear is incredibly important. For that reason, today we are going to pick 8 essential winter clothes for everyone.

A FLANNEL SHIRT JACKET Flannel Shirts are softer and thicker than common button-front shirts. This soft and fabric made from wool, cotton, or synthetic fiber. As you know that low thermal concavity transfers heat gradually. In that case, the flannel Shirt Jacket is perfect for winter.

LEATHER JACKET A Leather Jacket is a versatile clothing sense that everyone should have in their wardrobe. Since it comes is in wide verities of design, you can choose whatever you want to wear. There are many different ways you can wear them with nearly any other outfit. When winter temp falls down, rug up in a hoodie, or keep it casual with the t-shirt below.

PEA COAT The Double-breast Overcoat was initially worn by American and European sailors. But now it has become a fashion option, it is also very essential for everyone throughout the winter season. Whether you are going to the office or on a date, the Peat Coat will give you a massive perfect look by wearing it.

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

BLACK JEANS Generally, Back and Dark colored clothes consider to be attractive and can go with pretty much any outfit combination you can think of. In that case, it would great to buy black jeans to wear, especially in the winter season. It doesn’t matter your style is rebellious or boho or business, either way, you can rock with black denim jeans. For an attractive look, you can wear black jeans with a bold suit jacket or leather jacket, also don’t forget to put on a slick pair of boots.

A WOOL OVERCOAT Once you wear Wool Overcoat, the chilliest winter goes away from you. Although, it comes pretty expensive but definitely worth buying winter season clothing. This clothing is a must to in the starter pack of any gentleman. Available in many different colors and size, wearing this Overcoat make you feel sung. In order to match the rest of the wardrobe, pick bold colors like camel, charcoal, and navy blue.

BOOTS Feet and Neck should be covered appropriately because these two body parts are most prone to the cold, meaning as footwear and muffler are such things which you truly cannot get through winter without. There are tons of designs of shoes available in the market, but their rea winning quality is the style and comfort they offer. If you are heading the market for shoes, be sure to buy stylish shoes along with comfort as per winter season.

WOOL BLAZER Wool Blazer is considered stylishly, comfy, and warmly cloth for everyone in winter. To wear a blazer casually, you have to be here a little choosy like picking a lightweight blazer, color, and well-structured design. You can pair the blazer with a button-down shirt and black trousers for any event. Since you choose lightweight, this classic piece can be kept within arm’s reach. Although, this is a cloth that can be worn the rest of the year.

SCARF Today Wool Kashmir and even synthetic material scarves are primarily used for their ability to insulate the neck and keep it warm. Also, believe it or not, the Scarf is a masculine and stylish way to complete a cold outfit. Usually, people wrap it around their neck or let it hang loose, which is totally fine. However, Scarf tying is a skill that everyone needs to know, such as Parisian Knot style, reverse drape cross style, and Twice around style.

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

ONE STOP SHOP FOR MAKING YOUR PAYMENTS SWIFT EASY AND SEAMLESS Dr. Amit Mishra | Business Connect Digitization is at a boom in India as our Prime Minister, Mr. Narendra Modi has taken every essential step to introduce it in our lives so profoundly. No sphere has remained untouched. After demonetization, the frequency of digital transactions has been quadrupled that gave rise to a multitude of companies, which eases your process of cashless transactions and ensures the safety of your money. Paylo caters to the emerging needs of cashless transactions through mobile payments, thus promoting financial inclusion. Headquartered in New Delhi, the Company is keeping abreast with technology that impetuses mobile payments via different user friendly methods. The CEO of Paylo, Shubham Ghosh had purchased this Company from the owner of ‘Food Panda’, since then Shubham has put his heart and soul to watch it ascending on the graph of exemplary success in the market. This objective, aimed at empowering retailers, traders & merchant owners, is to support the self-organized sector to move towards the advanced means of payments and adoption of technology to ease the way of handling cash inflow. Paylo is aimed at being that ONE stop shop, simple and subtle payment mobile application to accept payments via cards, mobile wallets, UPI, bank transfer and QR code based providers.

Shubham Ghosh CEO

PAYLO’S MAIN FOCUS IS TO MAKE THE PROCESS EASIER AND USER-FRIENDLY

Research is always being instrumental for Paylo to make the processes or applications more seamless and user-friendly. With the help of it, they are developing newer and better technologies to match the needs of users. A new feature has been added by Paylo to upgrade the standards of digital payments as well as to reduce the time consumption of users. Whilst doing the payment through mobile an OTP is generated, the innovated approach is that a user doesn’t have to fill the in the blanked spaces, it gets automatically filled without doing anything. Paylo collects the feedback from the users and then, designs something better to suit the requirements of the users. The major focus is always being to make the process or processes user-friendly and save time. The other newly added feature is that without login or filing credentials, users can make the payment, by Skipping the Log in Process. Of course, the demerit is that users will not get any receipt, but if they want to opt for skipping the Log in Process, then it’s their choice in the end.

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

The team at Paylo is divided into two different segments: the Technical team and Business Development & Sales team. Both the domains work coherently to achieve the single most target that is to make the experience of the user great, and also eases the process of cashless transaction through mobile.

etc. can take full advantage of it. One more feather in the Cap is that the Company has created payment links through which the money can be transferred within seconds. They have made SMS gateways through which they tie up with different telecom providers.

The USP of Paylo is to spot all the fraudulent activities over the network whilst payments, thereby ensuring the security of the user by synchronizing with the technology.

At the starting of January 2020, they are going to launch DMT that is Direct Money Transfer app. As in rural areas, people are not into digital transactions, they physically transfer money from one bank to another, which is quite cumbersome and takes a lot of time. Through DMT people can do cashless transactions through mobiles, without paying anything for one year. Paylo will not charge from the users a single paisa. Consequently, this boosts the clientele of the Company to a large extent.

FUTURE PROSPECTS

TECHNOLOGY SERVES THE BASE FOR THE COMPANY

Paylo is a platform that acts as a mediator between the banks and the users via technology. Itâ&#x20AC;&#x2122;s true. Keeping abreast of the technology can only make the transaction of money easier, simpler and successful. Paylo has developed IOS applications for Apple phones, which traders and merchants can download in the phones, and complete the transactions through it. Here, not all customers can have access to these applications, but the businessmen, retailers,

`Secondly, they aim to provide 5% of return on mobile recharge. They envision to turn these plans into reality with the help of investors, who show interest in their schemes.

ACHIEVEMENTS TO BOAST OF

In a short span of time, they become successful in increasing the number of clients to 120. Thomas Cook is the leading brand to which they served. But, thee focus is not restricted to the top-notch names, rather they focus on small clients from where the maximum profits come.

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

Meet

4 Cool & Best Tech Gadget

The year 2020 will be remembered always. As the pandemic hit every country ground, gadgets became the way to communicate around the world and continue working. During this time, many tech companies have upgraded new features and introduced us.

Today we are going to look at 4 most impressive and cool Gadgets that the year gave.

HomePod Mini

Apple has designed a pretty adorable and affordable speaker called HomePod min. It is 3.9 inches wide and 3.3 inches tall speaker, which you can put anywhere without being worry about space. The outer side speaker has a soft mesh fabric cover all around it makes you feel more premium. This HomePod has a really surprising sound quality. It is really the best way to turn your home into a smart home. The speaker is available in two different colours white and Space Gray. Audio Tech: Full-range driver and dual passive radiators for deep bass and crisp high Frequencies. Computational audio for Real-time tuning. Four-microphone design for far-field Siri and Stereo Pair Capable.

Audio Source: Apple Music, iTunes music purchase, playing other contents from iPhone and iPad. Wireless: 802.11n Wi-Fi, Bluetooth 5.0, Ultra-Wideband chip for device proximity.

Apple MacBook M1

Back in June 2020, Apple made an announcement for a major change to its Macs, the change was to replacing Intel from the M1 chip. In late 2020, they finally launched MacBook M1. It comes with an M1 chip with an 8-core CPU, 7-Core GPU, and 16-core Neural Engine. The new version of MacBook has Two Thunderbolt, retain display, aluminium body, and to touch bar as usual same, but inside they have really made an improvement, including double battery backup with changing size, 3 times faster CPU performance, and 5 times graphics performance. MacBook is available in three different colours silver, Space Gray, and Gold.

SSD: 256GB, 512GB, and 1TB & 2TB storage. Memory: 8GB and 16GB unified memory Power Adapter: 30W USB-C, USB-C charge Cable (2m) Keyboard: Backlit Magic Keyboard www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

iPhone 12 mini

“Min but mighty” They called it to iPhone 12 min. In a world where almost every smartphone companies have been focusing on manufacturing 6 inches or larger display, while Apple has brought 5.4 inches mini flagship smartphone. It is an example that apple believes in setting trends rather than following them. Apple has also introduced the iPhone12 pro, which comes with 6 inches display thought. IPhone 12 min work with 5G cellular network of certain carriers, come with ceramic Shield front glass back and aluminium design and a 5.4-inch screen with 2532x1170 -pixel resolution at 460 PPI. It really the smallest, thinnest, lightest smartphone and has been produced it the most powerful iPhone in history.

Display: 5.4-inch OLED Display, Super Retina XDR screen. Processor: A14 Bionic Chip Operating system: iOS 14

Battery: 2227mAh, Built-in rechargeable lithium-ion, and mega Safe wireless charging Memory: 64 GB, 128GB, 256GB and 4GB and 6GB ram. Camera: 12Mp camera: Front and rear with megapixel. Ultra-Wide angels’ lens.

LG Wing

LG has introduced a unique and multitasking smartphone called LG wings, along with Octa-core Qualcomm Snapdragon 756G processor. This smartphone will give a very pleasantly surprising vibe, once people have it in their hand. I hope it may reverse the trend. This 5g featured phone comes with a 6.8-inch P-OLED primary screen with a 1080x2460 pixels resolution and an aspect ratio of 20.5:9. LG has also designed a 3.9-inch display as a second swivel screen. You can use this smartphone horizontally and vertically as you wish. Of course, it is splashproof and dustproof and comes with back gorilla glass protection

Display: 6.8 20.5.9 FHD + Poled, 3.9” 1:1.15 GOLD Processor: Snapdragon 756G (5G) Memory: 8GB Ram / 128GB Rear Camera: Wide 64MP, Ultra-Wide Battery: 4,000mAh 35

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

CHIRUTHA DALAL

The Stupor Of Woman Leadership In The Business World Sugandh Bahl | Business Connect

Women, around the globe, are thriving in the entrepreneurial sphere. Despite the ocean of hurdles, they are bypassing all with the utmost gallantry. To touch the zenith, they are putting their hearts and souls into the work they do. One such paradigm of a woman entrepreneur is Chirutha Dalal. She is conquering the business world with indomitable spirits.

desire to start something of her own; thereby, after a splendid collaboration, she had put her dream into reality. In 2010, with her team, she incepted a startup known as ‘SMS TADKA’, with the prime objective to offer content. People used to subscribe to the content such as jokes, cricket alerts, NEWS, etc. via an SMS service. In the local market, they did outstandingly well, but they had to grow their business dimensions by boosting its scalability. The challenge was to organize the unorganized retail segment and to do the same the company had to make the solutions widely acceptable amongst the users. ; After a deep analysis, they discovered that there were no solutions in place for organizing this segment at that time. From there, the entire idea of Pay1 came into existence.

EXCURSION OF AN ENTREPRENEUR Whirling in the swing of lows and highs, the entrepreneurial journey of Chirutha’s is full of amazement, learnings, hardships and growth. Talking about her academic life, the tycoon has done bachelors in Computer Applications. Afterward, she worked in one of the organizations as a UI/UX person, where she met the skilled co-founders of Pay1. From there, the expedition of entrepreneurship got its ignition. Chirutha always had a keen

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

INSIGHTS OF THE COMPANY The organization ‘Pay1’ deals with the kirana stores / mom and pop stores, thus, creating a plethora of microentrepreneurs. They are achieving it through a multitude of services on platform such as Pay1 Merchant, which provides services like recharge, bill payments, money remittance, Pan card which is a G2C service, Insurance, term plans which are related to cardiac insurance. Pay1 Travel empowers retailers to book the air tickets, train tickets, and hotels at an affordable price for their customers, and Pay1 Digi allows the retailers to accept Digital Payment through AePS and mPOS services. The formidable company operates on B2B2C model, where they meet the needs of retailers.

SPLENDID ACHIEVEMENTS The company has unfurled the flag of achievements. It has more than three lakhs retailers, and is present in more than three hundred and fifty cities. Every day the company deals with a transaction volume of more than Rs 8 Cr including all the services.

The Company pays indispensable heed to the Research and Development process for the organization to flourish and empower the market. Today, the company has more than sixty thousand active retailers and more than three lakh merchants on the platform. To make the product stable and to improve its usability the company checks it’s proper functioning at the retailer’s end along with extensive market research.

INSPIRING WORDS The cognoscente has learned in abundance from her father. In the expedition of life, he met with a multitude of obstacles, which he faced with vigorous spirits. The lady entrepreneur has adopted the same attitude in personal and professional realm.

Pay 1 has more than twenty services onto the platform, and these services are getting overhauled with new features on a day to day basis. The stupor of ambition is accredited with a couple of prestigious awards such as Women in Fintech Award 2019 and Women Achiever’s Award 2017.

To pass on an inspirational note to the aspirants from business world, she says,” “Believe in yourself, and never lose hope, whatever be the circumstances.”

INCREDIBLE WORKFORCE The company supports an exemplary working environment for its employees so that they can put all their energy into their work. It emphasizes on ‘Open Door Policy’, with the aid of which employees can freely communicate with the top management. The other quintessential factor is the ‘trust’ over the employees, which gives liberty to the employees for experimenting and developing ownership. Currently, more than two hundred and twenty-five employees are associated with Pay1, and all of them are quite passionate about the work they do. There are a number of growth opportunities that the company provides to its workforce. The amazing part of the organization is that most of the employees who are working on the top are women.

Chirutha believes in motivating and encouraging the talents in the company, which in turn, helps them to leverage the confidence for achieving the desired outcome from their employment.

There are beaucoup of events organized by Pay1 such as tours, birthday celebrations, festivals, cricket league, etc. to rejuvenate the spirits. PATH FULL OF DETOURS Chirutha deals with the Operations department of the organization. Being from the UI/UX background to work in the operational department was a challenge The industry, in which she is excelling, is purely a maledominated domain, and being a female entrepreneur, it was difficult to deal with the vendors, and negotiate with them on a daily basis. Initially, the roads were full of crosses, but gradually, they understood the process, and with time showed interest to collaborate. Even in the trajectory of operations, there is extremely less percentage of women. So, for Chirutha, the number of roadblocks in the operational arena was more in comparison. Tackling people is one of the most crucial responsibilities in the operational department. But, as a warrior, she is overcoming all of them, and emerging as an epitome of inspiration.

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

Cousine

Must try These 9 Mouth Melting Foods In This Winter Season At the high of cold when sweaters and jackets can not resist winter temperatures, in that case, warming cuisine can be the best solution to warm the body within. Here we are going to know the top 9 best food that can knock off the winter chill. So, without wasting time, let’s get into it.

GAJAR KA HALWA Carrot is a winter-friendly root vegetable that gives you different tests rather than other seasons. In that case, it makes sense to cook Gajar Ka Halwa. The view of the piping hot-halwa immerse in Ghee brings water in your mouth secretly. The topping dry nuts on the Halwa are just irresistible.

SARSON KA SAAG

Sarson (Mustered Green leaves) da Saag and Makki de roti (Maze chapati) are famous and much-awaited food in India, especially Punjab. But it doesn’t matter where you live, you cannot miss this dish. The Saag isn’t merely just a flavoursome bundle, but it has a rich source whole bunch of nutrition as well, which keeps you warm.

UNDHIYU

Undhiyu is a Gujrati traditional cuisine that takes a big effort and time to cook. But don’t worry it undeniably pays off in the end. A mixture of many vegetables, Fenugreek, a generous amount of Ghee, and spices are what comprises this wintery – Gujrati delicacy. Undhiyu is a good example of winter food in India.

GOND KA LADOO

Gond Ka Ladoo is the foundation of edible gum; mean you cannot make this dam mouthwatering dessert without edible gum. It comes by extracting tree brakes. This is one such cousin that can be eaten the rest of the year. It has powerful nutrition, makes you warm. So undoubtedly, you must try this dessert in this winter season.

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

LAPSI

This sweet dessert can be consumed at breakfast or at supper. Also, this serves as a dessert at the end of the meal. This food is very famous in India, which has a different name. In Gujrat and Rajasthan, people call Lapis. Ghee, dry nuts, grained wheat, and raisings are put into the dish.

CARROT PORIYAL

Another carrot dish, Carrot Poriyal is south Indian cuisine, which is made out of fresh carrot with a whole lot of spices mixture and curry leaves. The carrotâ&#x20AC;&#x2122;s sweetness and chills make perfect balance and make the best side cuisine, which can be consumed with any food. So, what are you waiting for, order the food from your favourite south Indian restaurant.

METHI PAKORA

Methi Pakora is such a best cuisine which can be made effortlessly with very little time. With the availability of the big production in winter, seizing the chance of having these Pakoras with hot masala Chai is very important. So, it is time to invite some of your very close friends and watch your favourite show along with this cuisine.

PANJIRI

Panjiri is cooked with ghee, wheat, sugar, and a generous amount of almond. This delicious cuisine can be eaten without realizing the quantity. Having a good amount of Ghee and roasted dry nuts keeps your skin glowing in the winter. This cousin is popular in Punjabi homes. If you havenâ&#x20AC;&#x2122;t eaten before ask your mom about this.

TIL PITHA (RICE CAKE)

Til Pitha is a famous dish of Assam. Also, it is easy to cook. The ingredients like Sticky Rice, Sesame Seeds, and Gur (Jaggery) are the foundation of this cuisine. The mixture of soft chewy outer side and the sweet sticky sesame will give a different and an amazing feeling. You can make Til Pith any time thorough out the year.

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

CURRENT AFFAIRS After the Dramatic Fall, Jack Ma’s Ant Group Might Have a Blurred Future Over the last year, the growth of consumer finance companies has been encouraged by the government as well as bank’s existing unit that deals Ping An Insurance (Group) Co. of China, it has received approval for a new consumer finance company. The restrictions on these lenders havebeen loosened by the banking regulators and have expanded funding channels by letting them raise different types of capital which, includes tier-2 capital compliant bonds.

fter a dramatic fall from grace, the future of Ant Group remains problematic. It seems like, regulators have had enough of destroying it and a transition to a financial holding company is being considered, which is willing to be regulated like a bank. The bank-like companies do not command tech-like valuations. Unless, it is one of the booming consumer finance markets of China, expecting to hit 3 trillion of Yuan ($464 billion) in volumes over the next four years. That is where the reach of Ant is and that is where the demand is. More importantly, keeping with the so-called dual circulation strategy, state planners are all set to generate domestic demand and supply. Credit will have to flow to households effectively for that to operate. It is known by Beijing as well. The growing of disposable income has driven consumption growth for the better portion of the last decade but have been reducing. Which means that the authorities are required for another way to keep its economy humming along. In the year 2019, the number of consumer finance customer augmented to almost 130 million and increased to over 50 per cent from the year before. The state is also aware that it is good for the economy. There is an increasing correlation that is shown by the data between the growth of consumer loans and retail sales in the country. The Ant Group could have potentially played a larger role than it is already been doing, with more recapitalization.

Ant was hitched to the trend itself. In August last year, Nanyang Commercial Bank Ltd., battery manufacturer Contemporary Amperex Technology Co. and others took a 50 percent stake in a new consumer finance company set up. It was sanctioned the following month by the banking regulator. Ant was able to convince the authorities that it would support and not impede their agenda to get back in the good deeds of the government. For instance, the Zhima credit scoring system of the company could dilute concerns about banks, taking on risky loans and dovetail with the government’s objective of protecting household wallets in the larger scheme. Trying to transform back into a much more distinctly established player in financial services and away from the fuzzy giant fintech operations will not be too challenging for Ant. Capital dedication is the hard part. However, as a consumer finance firm, Ant was able to collect capital from its domestic shareholders through deposits. Borrowing from banks or issuing financial bonds will be permitted as well. Many licensed consumer finance companies in China have commercial banks as backers. This is not likely to bring Ant back to its super-unicorn scores. Nevertheless, alongside Ant’s more developed payments company, a stronger business model that is less dependent on low acquisition costs and tack-on companies could actually survive.

Graphcore Raises $222M of Investment to Support its Expansion An investment of $222M has been raised by Graphcore in order to help support the global expansion of the company and to accelerate future IPU silicon, systems and software development. The Series E funding round is led by Ontario Teacher’s Pensions Plan Board and it adds funds that are managed by Fidelity International and Schroders as new investors. Also participating in this round are existing to have Graphcore investors, which include Baillie Gifford and Draper Esprit. With the firm expecting to have over $440 million cash on hand postclosing to support future growth, this investment, it brings the total funds that are raised by Graphcore to more than $710 million. Now, Graphcore is valued at $2.77 billion, post-money. www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

It was stated by the company that the new investors bring experience in disruptive technology and it supports for scaling-up businesses and underscores the size of the market opportunity that is being addressed by Graphcore in data centre AI compute and the maturity of the product offerings of the company. The company said that “the faith that we gained, comes from the capability that we proved by building our products and our establishment. We have been successful enough in developing a technology that leaves behind the legacy processors like GPUs dramatically, which is a powerful set of software tools made-to-order the needs of AI developers, and global sales operations that places our products on the market.” The year 2020 for Graphcore was contained within the launch of Mk2 IPU processor, data centre compute system and the GC200, the IPU-M2000 and IPU-POD64 for scale-out. “The point of reference that was first released for the new systems displays them clearly awe-inspiring the current GPU-based configurations. The Partner Program for Graphcore was also introduced. There are some of the world’s most respected distributors, resellers and OEMs that are included in this amazing global network.And most recently, together with complete PyTorch support, Poplar v1.4 was released, ensuring that the most frequently used frameworks are now easy to implement on the IPU and deliver incredibly impressive performance results.”

Unacademy Acquires NeoStencil to Strengthen Test Prep Stronghold

Along with that, in July through strategic investment of $5 million, it bought a majority stake of 51 per cent in Mastree, which is an online platform made for kids to sharpen their communication skills.

Unacademy, which is the second most valued Edtech Company of India, has been successful in hitting another acquisition deal before the year 2020 ends. The SoftBank and Facebook-backed firm has acquired test prep startup NeoStencil for an amount that is not disclosed. The co-founder and CEO of Unacademy, Gaurav Munjal tweeted that “NeoStencil offers 500+ courses to millions of students. And it is believed that together, a huge impact can be created and can build products that would help learners to crack their goals”. The latest acquisition will help in strengthening Unacademy, the online learning platform for cracking competitive exams and growth in the test prep segment of India’s edtech sector.

However, the first acquisition of Unacademy was WiFiStudy, a platform built for government exams. Munjal stated that “Unacademy’s mission is to democratiseknowledge as well as to set out firmly towards that goal, there is a long way to go.” This year in September, Unacademy was catapulted to the unicorn club following a $150 million funding round that was led by the SoftBank valuing at $1.45 billion. It secured another round from Tiger Global and Dragoneer Investment Group in November to ramp up its valuation of $2 billion. In February, this year, Unacademy had raised $110 million from Facebook, General Atlantic and others at a valuation of around $510 million.

Unacademy was created in the year 2010 as a YouTube channel and later it was incorporated as a company in the year 2015, so far it has been successful in making six acquisitions. The first purchases were started with Kreatyrx in 2020 that helped in offering products that include online test series, postal courses, video courses, and coaching classes for aspirants of GATE and SSC CGL.

As per Statista, in the online education space, Unacademy has gradually turned into the largest startup following the K-12 segment focused Byju’s valued at $12 billion. Over 1.5 lakh monthly live classes were claimed by the startup. In the year 2021, in India, the value of the test prep market in the edtech segment is likely to be worth $515 million, up from $43 million in the year 2016 at a compound annual growth rate of 64 per cent.

Unacademy acquired serial entrepreneur and billionaire BhavinTurakhia’sCodeChefin June for programmers to learn competitive programming. Following month, it also acquired an online platform, PrepLadder for preparation of medical entrance exam for $50 million. Additionally, in September it bought Coursavy, which is a UPSC CSE preparation platform. 41

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA

RNI No. : DELENG/2018/76695

www.businessconnectindia.in | Vol. 3 | Special Edition January 2021 INDIA