The Answer Is In The Training – Tracey Jackson

via The Answer Is In The Training – Tracey Jackson

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YOUSTORY – the Startpreneur newsletter

Do you remember being 19? While most of us that age were busy with college, assignments and classes, Ritesh had other stresses. In the first year of his company’s operations, it clocked a revenue of Rs 32.86 crore, and a loss of Rs 496.31 crore. His venture was called everything from a hotel aggregator to an online travel agency, and even a Ponzi scheme with an unsustainable business model. But he laboured on, and today, OYO is India’s largest hotel chain.

Teenage dreams taking on the world – can there be a better example? “We have had our fair share of learnings. In hospitality, there are some tough and subjective issues: the whiteness of the sheets and even water temperature. We as entrepreneurs take these very seriously and are working to ensure that customers get the best experience. We accept them and are ready to resolve them and change,” says Founder and CEO Ritesh Agarwal.

How did a startup that started out by wanting to provide comfortable and standardised budget accommodation scale to its current dizzying heights? Read on to find out.

Cheers,

Team YourStory

Stories you shouldn’t miss 
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The Karnataka State Transport Authority has revoked its order suspending cab aggregator Ola for a period of six months after the Bengaluru-based company agreed to pay a penalty of Rs 15 lakh. With this, the current problem seems to have been amicably settled. Last Friday, the Transport Department had issued a suspension order against Ola for operating bike taxis, which reportedly violate existing guidelines

The best job in the world

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Delhivery gets funded, again

Logistics startup Delhivery raised $413 million in a fresh round of funding led by Softbank, Fosun, and Carlyle Group. The company’s total fundraise now stands at $600 million. Delhivery will use the capital to expand its presence from 15,000 pincodes to 20,000 pincodes in the next four months.

Windows 7 is officially dead: What’s next?

The era of Windows 7 has come to an end as Microsoft started notifying users about withdrawal of support. If you are a Windows user, you have a whole year (almost) to upgrade the OS and, if required, even your systems to continue enjoying a hassle-free experience. Microsoft has already put out a step-by-step guide with instructions on moving to a Windows 10 PC.

Netmeds acquires clinic management platform KiViHealth

Chennai-based healthcare ecommerce portal Netmeds announced it has acquired clinic management platform KiViHealth in a cash and stock deal. Netmeds will invest close to $10 million to integrate and grow KiViHealth. “With this acquisition, Netmeds.com adds to the portfolio of technology driven solutions as its transforms the brand into a complete healthcare product and service company,” said Pradeep Dadha, Founder and CEO of Netmeds.

Gurneet Kaur, the only woman engineer on VHO’s India project, does us proud

Gurneet Kaur is helping develop the product portfolio at Virgin Hyperloop One and converting tech into customer solutions. She’s also the only woman engineer on the ambitious India project, which aims to link Pune and Mumbai in under 30 minutes. “I recognised the potential Hyperloop technology holds in improving people’s lives and the cities they live in.”

Fyle is the world’s first expense management software with automatic data extraction capabilities. They built a product that automatically extracts data from receipts that people generate on a daily basis. With the help of Intuit Circles, watch how they are integrating with the world’s leading financial management software QuickBooks Online, and helping companies leverage the single-click integration to automatically connect their QuickBooks Online account to their Fyle account. #ProsperityCircle
London Business School’s Entrepreneurial Edge is an intensive 12-week venture development journey with mentoring and support, to help prospective entrepreneurs kickstart successful early stage ventures. As part of the programme, participants build and launch business ideas, learn tools and frameworks, evaluate market opportunities, create a viable business model and financial plan. The programme also helps you ask and answer the important financial questions you need to know in order to write a business plan and win over investors. Classes for this online experiential programme start on March 26. Apply today.
Leading a business in a segment where competition is as huge as market demand to a startup that works on conversation and transactional chatter bots powered with AI,ML and NLP, women entrepreneurs share the highs and lows of making it to the boardroom of successful tech companies. Catch Shruti Sinha, COO of Rehash Technologies; Uma Bhattathiripad, Co-Founder of Xite Live; Indu Aromal, CEO of Carmatec IT Solution; Preksha Kaparwan, Co-Founder of Alphaa.ai share their entrepreneurial adventures, their take on the technology ecosystem in India and why they believe being part of a community of women entrepreneurs like Facebook’s SheLeadsTech is inspiring