Connect with us
Use Sumo, Get Results

Startup Stories

Axis Bank and Kochi Metro Launch India’s First Single-Wallet Contactless, Open Loop Metro Card

Published

on

Axis Bank and Kochi Metro Join Hands to Launch India’s First Single-Wallet Contactless, Open Loop Metro Card

-KMRL Axis Bank ‘Kochi1’ Card to allow cashless commuting along with an enhanced shopping experience

-Kochi1 mobile app also launched to enable commuters to manage their card and generate QR code tickets for travel.

-Initiative in line with the Ministry of Urban Development’s vision to address the need of a common mobility card

[wpsm_box type="info" float="none" text_align="left"]
If you want to publish your startup stories and news at techyWhack's Startup section:- Click Here
[/wpsm_box]

Axis Bank, India’s third largest private sector bank in association with Kochi Metro Rail Corporation (KMRL) has launched KMRL Axis Bank ‘Kochi1’ Card, India’s first open loop EMV contactless metro card that would make travel a convenient and hassle free experience for commuters in Kochi. Axis Bank has partnered with National Payments Corporation of India (NPCI) in developing this transit EMV contactless specification on interoperable open standards.

The prepaid card has integrated benefits and offers a plethora of services to commuters such as:

-Shopping experience at merchant outlets: No hassle of carrying multiple cards.

-Instant issuance of Personalized Cards: The commuter will receive a completely personalized (with name) KMRL Axis Bank ‘Kochi1’ Card across the counter in a matter of minutes.

-Convenience of recharge: The commuter can easily top up the card through cash or debit or credit card.

Additionally, the bank has also launched a mobile app which can be used by commuters to manage their card and also to get QR tickets on the go for travel in the metro. Commuters using the Kochi1 app can also:

-Check the current balance on the card

-Reload their metro card through any debit/credit card

-Generate mini statement w.r.t. card usage

-Block their card, if required

-Check the timetable and fare details of the metro

Commenting on the momentous occasion, Ms. Shikha Sharma, MD & CEO, Axis Bank said, “The KMRL Axis Bank ‘Kochi1’ Card marks a significant milestone in our efforts to further expand the use of electronic payments which are more efficient, secure and inclusive. We feel privileged about our association with Kochi Metro Rail Corporation (KMRL) and are hopeful that the product will provide commuters with a unique and seamless experience. Axis Bank has always been at the forefront of promoting a digitised economy and we are confident that the metro card will give commuters further encouragement as India makes rapid strides towards becoming a ‘less-cash’ economy.”

The smart card will be issued and loaded at KMRL issuance counters; the card can also be re-charged online, through the Kochi 1 app or through the Ticket vending machines at the stations. The card will ensure exact debit of the ride fare while exiting from the metro station. Importantly, the initiative is in line with the Ministry of Urban Development’s vision to address the need of a common mobility card.

Mr. Elias George, MD, KMRL said, “The partnership between KMRL and Axis Bank is one of the most innovative Public-Private Partnerships in the world and the Kochi-1 Card and App is much more than a travel instrument. We are confident that these products will be immensely popular; and this will surely be emulated in other cities also.”

Continue Reading

News

Construction Material Marketplace Brick2wall Raises Rs 1.3 Crore in Angel Round

Published

on

Delhi-based Brick2wall Technologies, which owns and operates Brick2wall.com, an online marketplace for sourcing construction materials as well as construction related services, has raised $200,000 in an angel round from multiple investors. These funds will be deployed for technology upgradation, increasing customer reach, and developing new business lines in Delhi NCR.

Brick2wall, incorporated in July 2016 by brothers Nishant Garg and Shashank Garg, claims to be India’s largest marketplace that provides “live prices” of over 40,000 SKUs ranging from core building materials (cement, steel, bricks) to finishing items (electrical, wall finish, sanitary), which it fulfills through its over 500 vendors in Delhi-NCR.

The investors who participated in the round include Sundeep Sahni, Founder of Lazada; Mayank Mittal, VP at Germany-based bank, Simon Hill, Founder of Wazoku, and a few other HNIs. “Brick2wall is disrupting an industry with massive opportunity for impact and creating value. Seasoned team background, sound growth trajectory, repeat purchase and promising unit economics, presented a sustainable business model,” says Mayank Mittal, about his decision to back them.

Since their official launch last year, they claim to have served more than a thousand customers and have been growing in double digits month on month. Brick2wall, which also offers customers the option to hire contractors, lists 5,000 such contractors on the platform.

The company also claims to have a zero percent return rate and a 100 percent returning customer base. “A lot of customers coming to our platform, apart from buying building materials, also look for a construction partner. It’s more of a value add,” Nishant adds.

In addition to setting high standards to the construction material purchase process, Brick2Wall intends to assist their customers in their purchase process by providing buying guides and material calculators to ascertain the quality and quantity of the products required. Brick2wall will also be launching a mobile app soon to take on a $70-billion market opportunity in India.

Continue Reading

News

Founders of healthi.in Win ‘Entrepreneur of the Year in Product – Healthcare’ at Entrepreneur India Awards 2017

Published

on

The award acknowledges breakthrough ideas, concepts, and people; healthi founders emerge as winners amidst 34 nominations

New Delhi, Delhi, India

For their work and efforts in preventive health care, the Co-Founders of healthi.in, Rekuram Varadharaj and Krishna Ulagaratchagan, have been accorded the ‘Entrepreneur of the Year in Product - Healthcare’ category at the seventh edition of the Entrepreneur India Awards 2017. healthi.in is India’s fastest growing digital preventive health startup, empowering its users to make smart choices about their health so that they can avoid chronic illnesses.

The category had received 34 nominations in this category. The Entrepreneur India Awards recognizes the breakthrough ideas, concepts, and people who are doing pioneering work in the startup and entrepreneurial space.

Speaking about the award, Rekuram Varadharaj and Krishna Ulagaratchagan, Founders, healthi.in, said, “It is indeed a moment of pride not only for us as entrepreneurs, but also as a startup, to be recognized for our work. The award will only add more fuel to our mission of making the preventive health journey personalized, using insights to make it engaging, and effective. Our effort has and will always be to empower the user by making personalized health information accessible so expert guidance is sought after understanding one's health status. This way users can use our comprehensive and easy-to-understand reports to seek help from practitioners and specialists and build a healthier life. We are excited to continue innovating and introducing even better ways for users to make smart health choices, putting the power of better preventive health in the hands of the consumer."

healthi is a one-stop digital preventive health guide that conveniently provides access to the best healthcare practitioners and raises awareness about the prevention and management of lifestyle diseases. healthi has marked noteworthy milestones since it began less than three years ago. It has grown 9x year-over-year in the first two years of operations and matched its second-year performance in just one quarter this year. The company has facilitated more than 10 lakh tests with an over 95% user satisfaction rating and over 90% customer retention.

On the healthi.in website, every user has access to upwards of 9 million package choices. Further, within one minute by just answering a few simple questions, their trademarked predictive analysis algorithms help them narrow down their options to just one or two which are the most appropriate for them. The users, therefore, get everything they need and do not have to pay for things that don’t matter to them.

Combining scientifically validated predictive analytics, machine learning technology, contemporary design, strong partnerships with healthcare majors and cutting-edge research healthi is revolutionizing the preventive healthcare market. It has made significant strides within a short span of time and now serves users in over 130 Indian cities.

Since its very inception, healthi has partnered with the industry and research leaders of repute in healthcare. For its health check offering, it has tied up with most of the leading diagnostic and imaging laboratories, clinics and hospitals in India, thus offering 400+ high-quality venue options for users. healthi also has a research partnership with the Government of India on the efficacy of chronic disease prediction models. It also has a content partnership with Mayo Clinic to deliver personalized, clinically validated and relevant preventive health content to users. The company plans to empower 1.5 million users to make smart choices about their health by 2018.

About healthi

healthi is India’s fastest growing digital preventive health startup, empowering its users to make smart choices about their health so that they can avoid chronic illnesses. The company, which has been serving users since April 2014, was founded by Krishna Ulagaratchagan and Rekuram Varadharaj (RV), who are alumni of top global MBA programs at Stanford (US) and INSEAD (France and Singapore) respectively. Combining scientifically validated predictive analytics, machine learning technology, contemporary design, strong partnerships with healthcare majors and cutting-edge research, healthi is revolutionizing the preventive healthcare market. It has made significant strides within a short span of time and now serves users in over 130 Indian cities. healthi boasts of having facilitated more than 10 lakh tests with an over 95% user satisfaction rating and over 90% customer retention. For its health check offering, it has tied up with most of the leading diagnostic and imaging laboratories, clinics and hospitals in India, thus offering 400+ high-quality venue options for users.

Continue Reading

News

One Stop Shop for Commercial Property Owners in Mumbai

Published

on

Mumbai, Maharashtra, India

Jagaha.com is Mumbai’s first dedicated commercial real estate platform. The company started its operations in 2015 with an aim to enhance the commercial real estate market experience by bringing transparency and efficiency through technology and customer service. Today, it's a trusted site used by property hunters, developers, and landlords for office spaces, commercial buildings, shops, showrooms, restaurants and co-working spaces in Mumbai.

The portal primarily specializes in the sale and rent of commercial properties located in Mumbai metropolitan regions such as Mumbai, Thane, and Navi Mumbai. With more than 12,000 property listings, it has the largest inventory of commercial properties in Mumbai.

Jagaha.com provides a holistic bouquet of services, right from searching to closing the deals. The key factor that sets this site apart is its free ‘in-person’ inspection of every commercial real estate property before listing. It sends its team of qualified property experts who conduct a thorough inspection of the property, capture photos and shoot videos to provide detailed, verified information to the property seekers. The videos of every property are uploaded on the official YouTube channel of the portal. Once done, the Jagaha.com team creates a dedicated URL for the property with its own tailor written description.

It is the only Indian real estate portal where users can search by filtering via the carpet area which avoids encountering the follies usually associated with the built-up area specifications. It also has the mapping functionality enabling users to search properties accurately on Google’s map.

Jagaha.com not only is a premier real estate portal for property hunters, but also for property landlords and developers who want to put it for sale or rent. It not only lists their properties but also provides maximum exposure, online and offline. The firm also acts as their sole point of contact in handling the daily inquires.

Currently, the portal handles over 1,500 realtor requirements in the Mumbai commercial space every month and conducts more than 100 different inspections a month through its expansive network of over 2000 realtors in Mumbai. It also has its own team to address client inquiries, which result in about 40 inspections per month.

Jagaha.com is aptly fulfilling the commercial property needs and objectives in the Indian market.
About Jagaha.com

Jagaha was founded and is based in Mumbai, India and specializes in retail & office properties in Mumbai, Thane & Navi Mumbai. Jagaha is Mumbai’s first dedicated commercial real estate website whose mission is to improve the Mumbai commercial real estate market experience from start to finish by providing transparency and improving efficiency via customer service and technology.

Continue Reading

Trending