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Tag: Sameer Nigam

  • PhonePe surpasses 600M users, expands its digital payment ecosystem

    PhonePe surpasses 600M users, expands its digital payment ecosystem

    Mumbai: PhonePe has announced that it has crossed 600 million (60 crore) registered users on its platform, marking a significant milestone as the company approaches its 10 anniversary this year.

    The digital payments and financial services provider attributes this achievement to its continuous innovation, enhanced service offerings, and a growing user base. By prioritising security, reliability, and speed in its payment system, PhonePe has strengthened customer trust and expanded its reach across India’s merchant network, fostering a comprehensive digital payments ecosystem for consumers and businesses alike.

    PhonePe co-founder & CEO, Sameer Nigam stated, “Reaching 60 crore registered users is a proud moment for all of us at PhonePe. Every milestone brings us closer to realising our vision of building a truly inclusive financial ecosystem. We will continue developing homegrown solutions to meet the evolving needs of our users and support India’s digital transformation.”

  • Moneycontrol Startup Conclave 2024: Insights from policymakers, investors & entrepreneurs

    Moneycontrol Startup Conclave 2024: Insights from policymakers, investors & entrepreneurs

    Mumbai: The Moneycontrol Startup Conclave 2024 presented valuable insights and strategic discussions, attracting industry giants, visionary entrepreneurs, and thought leaders from across the country. Held at ITC Gardenia in Bengaluru, the conclave, themed “Persist | Reset | Rebuild,” captured the essence of resilience and innovation needed to navigate today’s challenging startup landscape.

    The event was organised to spotlight the transformative growth of India’s startup ecosystem. As innovation and entrepreneurship reach new heights, the conclave provided a crucial platform for key stakeholders to engage in meaningful dialogue. By facilitating the exchange of ideas and the formation of strategic partnerships, the event played a pivotal role in shaping the future trajectory of startups in India, underscoring the nation’s role as a global hub for entrepreneurial excellence.

    To give a boost on the rise of the startup eco-system in Bengaluru, minister of electronics, IT & BT and rural development & panchayat raj, government of Karnataka – Priyank Kharge highlighted the state’s role in supporting the startup ecosystem, stating, “Karnataka continues to be at the forefront of innovation, and our government is committed to supporting startups with progressive policies and world-class infrastructure.”

    India’s G20 Sherpa Amitabh Kant underscored the importance of startups in driving economic growth. “The future of India’s economy lies in the success of our startups. Their innovation and job creation capabilities are key to our nation’s progress,” Kant emphasised.

    The day featured dynamic panel discussions with prominent entrepreneurs such as Zepto co-founder and CEO Aadit Palicha; Swiggy co-founder and group CEO Sriharsha Majety; Sorin Investments founder and chairman Sanjay Nayar; Delhivery co-founder and CEO Sahil Barua; PhonePe co-founder and CEO Sameer Nigam; Curefoods founder and CEO Ankit Nagori; Groww co-founder and CEO Lalit Keshre; Ixigo co-founder and group CEO Aloke Bajpai and SoftBank Investment Advisers managing partner Sumer Juneja. Topics ranged from quick commerce and workspace evolution to fintech innovations and the future of AI in startups. These sessions provided a wealth of knowledge, highlighting the achievements of industry leaders and offering a glimpse into the future of business in India.

    Narayana Health founder and chairman Dr. Devi Shetty discussed the pivotal role of startups in healthcare. “Startups are revolutionizing healthcare, making it more accessible and affordable. Their contributions in the next decade will be groundbreaking,” Shetty observed.

    SoftBank Investment Advisers managing partner Sumer Juneja highlighted the significant impact of their investments in India. “India has been an exceptional market for us, both in terms of investments and exits. Our focus now is on identifying the next wave of visionary leaders who can drive the future of innovation.”

    Swiggy co-founder and group CEO Sriharsha Majety emphasised the unique dynamics of quick commerce in India, stating, “As the sector grows, we expect a significant reconfiguration in the supply chain, likely impacting traditional retail. A substantial portion of our revenue now comes from D2C brands, and as we prepare for our IPO, our focus remains on clear communication and long-term growth.”

    The Moneycontrol Startup Conclave 2024 successfully created a platform for meaningful dialogue and collaboration among stakeholders. The event witnessed several in-person attendees, with many others joining via livestream.

    Moneycontrol expresses its gratitude to all the distinguished speakers, esteemed guests, and partners, including IDFC FIRST Bank – Always You First (banking partner), DTDC (exclusive logistics partner), Peak XV (VC partner), IndiQube (workplace partner), and associate partners Games24x7, Share.Market, Adobe, Tally, Reliance India Ltd, KITS (state partner), Da Milano Italia (Luxury Partner), and Townhall (event technology partner). The participation of these partners and media personnel contributed significantly to the success of the Startup Conclave 2024. The event stands as a testament to the resilience, innovation, and determination of the Indian startup community.

  • Moneycontrol to Congregate Leading Voices at ‘Startup Conclave 2024’

    Moneycontrol to Congregate Leading Voices at ‘Startup Conclave 2024’

    Mumbai: Moneycontrol, a financial news platform, has announced the second edition of the Moneycontrol Startup Conclave 2024. This premier event, set for 9 August 2024, at ITC Gardenia, Bengaluru, is dedicated to fostering a sustainable and resilient startup ecosystem in India. The conclave will bring together a diverse group of policymakers, investors, leading startup founders, industry leaders, and emerging entrepreneurs for an engaging exchange of ideas and strategic insights.

    Following a challenging two-year funding winter, India’s startup landscape is witnessing a remarkable resurgence marked by increased profitability, late-stage funding, a vibrant secondary market, and numerous tech IPOs. Themed “Persist | Reset | Rebuild” this year’s conclave will emphasize the resilience and adaptability of startups in the face of an AI-driven world and evolving regulatory frameworks. The event will delve into the future of India’s startup ecosystem, providing essential insights for the next wave of entrepreneurial success.

    Moneycontrol Startup Conclave 2024 will feature a series of insightful sessions led by prominent figures including Karnataka Minister for IT-BT and science & technology Priyank Kharge; Karnataka Government, department of electronics, information technology, biotechnology and science & technology, secretary Dr Ekroop Caur; India’s G20 Sherpa Amitabh Kant; Narayana Health, founder and chairman Dr Devi Prasad Shetty; SoftBank, head of India and EMEA Sumer Juneja; PhonePe, co-founder and CEO Sameer Nigam; Swiggy, co-founder Sriharsha Majety; Sorin Investments, founder and chairman Sanjay Nayar; Games24x7, co-founder and co-CEO Bhavin Pandya; Tally Solutions Pvt Ltd, chief of engineering Nabendu Das; IndiQube, co-founder Rishi Das; Adobe, head of sales channel & SMB, digital media India & SA Ajay Joseph; DTDC Express, CEO Abhishek Chakraborty; Peak XV Partners, MD Shailesh Lakhani.

    Moneycontrol has been instrumental in nurturing the startup community, sharing compelling narratives of innovation, success, failure, and resilience. Through initiatives like the Moneycontrol Startup Conclave, the platform continues to champion the entrepreneurial spirit and support the growth of India’s dynamic startup ecosystem.

    Moneycontrol Startup Conclave 2024 is supported by banking partner IDFC FIRST Bank, exclusive logistics partner DTDC, VC partner Peak XV, workplace partner IndiQube, and associate partners Games24x7, Share.Market, Adobe, Tally, Reliance India Ltd, state partner KITS, luxury partner Da Milano Italia and event technology partner Townhall.

    The event will commence at 10:00 am on 9 August 2024, at ITC Gardenia, Bengaluru, and will be livestreamed for a global audience.

  • CNBC-TV18 recognises excellence in Business & Leadership at India Business Leader Awards 2023

    CNBC-TV18 recognises excellence in Business & Leadership at India Business Leader Awards 2023

    Mumbai: In its 19th year of recognizing excellence in driving innovation, growth, and positive change across industries, the coveted ‘CNBC-TV18 India Business Leader Awards 2023’ (IBLA) presented by Standard Chartered, held its annual awards ceremony in Mumbai. The event was a gathering of individuals who embody the spirit of entrepreneurship and contribute significantly to India’s upward growth trajectory.

    Setting the tone for the evening in her welcome address, CNBC-TV18 managing editor Shereen Bhan emphasised the significance of leadership and innovation in driving economic growth. She commented, “This year’s theme for the India Business Leader Awards, from recovery to resurgence could not be more apt. With a scorching Q2 GDP growth rate of 7.6%, buoyant tax collections, markets at record highs, consumption, and investment engines firing, we find ourselves in a sweet spot. India is in a position of undeniable strength and the IBLA 2023 celebrates leaders who are driving change and clocking new milestones with their purposeful actions. 2023 also marks CNBC-TV18’s 25th year as India’s most credible and influential news brand, with unparalleled leadership and my decade as Managing Editor”.

    The event also hosted one-on-one discussions with Piyush Goyal (Minister of Commerce & Industry and Consumer Affairs, Food & Public Distribution and Minister of Textiles) and Hardeep Singh Puri (Union Minister of Housing and Urban Affairs, and Petroleum & Natural Gas).

    Highlighting the shift towards electric vehicles in India, Goyal in a fireside chat led by Network18 managing editor & editor in chief Rahul Joshi said, “The age of electric vehicles has arrived. In another two to three years, I see all new two-wheeler sales being electric. In three-wheeler sales, we are close to 100% electric or CNG-driven, while the figure for four-wheelers was only around 2%, the future was bright as local manufacturers – Maruti, Tata, and Mahindra, among others – were coming out with some fantastic offerings. We will see a lot of action in the four-wheeler space. Therefore, Tesla will not like to miss out on the action.”

    Emphasizing the adoption of green energy in India, the Union Petroleum minister Hardeep Singh Puri said, “India is leading the global transition from fossil fuel to green energy, so, instead of being known as the Minister of Petroleum and Coal, I should be known as the Minister of Energy Transition.”

    The evening unfolded by celebrating some of the towering leaders pioneering India’s road from Recovery to Resurgence. The ‘Young Turk of the Year’ award was bagged by PhonePe CEO Sameer Nigam and the ‘Young Turk Startup of the Year’, was awarded to BluSmart. While ONDC bagged ‘The Disruptor Award’, Persistent Systems received the ‘Most Promising Company of the Year’ recognition. The ‘IBLA Trailblazers of 2023’ title was awarded to India’s Javelin gold medallist at Asian Games 2023 Annu Rani, India’s champion steeplechaser Parul Chaudhary and the Indian Men’s Relay Team. Sheetal Devi, who won gold medals at the Para Asian Games 2023 was honoured with the title ‘Special and Para Sports Leader of the Year Award’.

    ‘The Sports Leader of the Year Award’ was given to Shubman Gill, Chandrayaan 3 received IBLA ‘Outstanding Contribution to Brand India’ title and Apollo Hospitals received the ‘Outstanding Company of the Year Award’. Deepak Parekh got inducted into IBLA’s ‘Hall of Fame’. IBLA In Memoriam, honoured industry stalwarts posthumously – MS Swaminathan and Mr. Ashwin Dani.

    Bollywood’s action-packed performer, Sunny Deol, was honoured with the prestigious ‘Entertainment Leader of the Year Award’ for his blockbuster hit ‘Gadar 2’ which broke all records at the box office. The evening was illuminated by Sunny’s rendition of his legendary lines from the films ‘Damini’ and ‘Gadar,’ evoking a wave of nostalgia among the audience.

    Katrina’s Kay Beauty was honoured with ‘Breakout Brand of the Year’ title, while the former CEO of NITI Aayog, Amitabh Kant received the ‘Outstanding Contribution to Public Service Award’. Nepra’s Lets Recycle was awarded in the ‘Outstanding Contribution to Climate Consciousness’ category and the ‘Brand Campaign of the Year’ was given to Spotify. Kiran Mazumdar-Shaw, Executive Chairperson, Biocon Ltd & Biocon Biologics Ltd was felicitated with the ‘Outstanding Business Leader of the Year’ title. The Founder of Kotak Mahindra Bank, Uday Kotak received the prestigious ‘Lifetime Achievement Award.

    The Jury panel of IBLA 2023 included Manny Maceda (Worldwide Managing Partner, Bain & Company), Zarin Daruwala (Cluster CEO, India & South Asia Markets Standard Chartered Bank), Dr. Anish Shah (MD & CEO, Mahindra Group) Shyam Srinivasan (Managing Director & CEO, The Federal Bank), Rohit Jawa (President, Unilever, South Asia and CEO and Managing Director, HUL), Mithun Sacheti (Founder, CaratLane) Abhinav A. Bindra (Olympic Champion, Entrepreneur), Sandhya Devanathan (Head and Vice President, Meta India)  and Nikhil Kamath, (Co-Founder, Zerodha). 

  • PhonePe co-founders invest in RuPay Prime Volleyball League, pick up Mumbai franchise

    PhonePe co-founders invest in RuPay Prime Volleyball League, pick up Mumbai franchise

    Mumbai: As the second season of the league approaches, the RuPay Prime Volleyball League powered by A23 is set to further expand its family. The founders of digital payments company PhonePe came on board as investors in the PVL league and acquired the eight franchises, including the Mumbai Meteors. The former Indian national volleyball team captain, Abhijit Bhattacharya, joins them as the general manager of the Mumbai Meteors franchise.

    PhonePe co-founder Sameer Nigam said, “As a regular volleyball player myself, I have a great sense of how enthralling the sport can be. And the RuPay PVL gives us a perfect opportunity to build this sport in a professional way to a world-beating level. I am excited about the opportunity.”

    PhonePe co-founder Rahul Chari said, “The Indian sports ecosystem is an exciting place with a lot of room for development, especially in the non-cricket space. The RuPay PVL seems like a great opportunity to work and contribute in this space.”

    In the inaugural season of the RuPay Prime Volleyball League powered by A23, which is co-promoted and exclusively marketed by sports marketing firm Baseline Ventures, 24 games were played. The league had a cumulative television viewership of 133 million, with the choice of English, Hindi, Tamil, Telugu, or Malayalam commentary.

    In addition, the RuPay Prime Volleyball League managed to reach over 84 million fans across India, along with over five million engagements from audiences through various digital platforms. A massive regional connection was also established through the contemporary social media platform Share Chat, while substantial viewership was gained on videos through Moj. In total, the videos distributed across social media platforms garnered over 43 million views.

    For season two, which is expected to commence in early 2023, the commercial arm of the global body of volleyball (Fédération Internationale de Volleyball, FIVB), Volleyball World, has joined hands with PVL. It has come on board as the international streaming partner in a multiyear association. Sony Sports Network continues to be the host broadcaster. There will be 31 games to be played in the second season of the RuPay Prime Volleyball League, powered by A23.

    RuPay Prime Volleyball League CEO Joy Bhattacharya noted, “We are delighted to have Sameer and Rahul on board with us as franchise owners as the league continues to grow bigger and better. It is exciting to see hugely respected corporate leaders not only showcasing their support for the sport but also backing the business model that we have worked so hard to build. I am confident their expertise will help us in further expanding the league to an even wider audience as we go along.”

    Kochi Blue Spikers owner Thomas Muthoot said, “It’s fantastic to hear that Nigam and Chari have acquired the Mumbai Meteors. Their business acumen and passion for sport will be a major asset for the RuPay Prime Volleyball League this time around. We are confident that the addition of the Mumbai franchise will help us in taking the league to even greater heights.”

     

  • PhonePe launches new campaign saluting indomitable spirit of India

    PhonePe launches new campaign saluting indomitable spirit of India

    NEW DELHI: India’s digital payments platform PhonePe today announced the launch of a new brand campaign saluting the resilient spirit of the people of India and their unstoppable drive in the face of the COVID2019 pandemic. Inspired by the brand’s philosophy of “Karte Ja, Badhte Ja”, the new brand film showcases how PhonePe continues to help over 20 crore users and over one crore merchants do more and move forward with adequate precautions. PhonePe’s ambassador Aamir Khan has featured and lent his voice to the films of this campaign.

    The inspiring narrative of the campaign illustrates how people are navigating the ‘New Normal’ as the country continues to open up in phases after months of lockdown. It traces stories of unhindered progress of merchants and users, aided by PhonePe, while the pandemic has effectively changed our ways of life. By enabling safe payments from home & contactless payments everywhere else, PhonePe is helping everyone adapt to their new circumstances. The Indian drive for progress has no full stop, as captured in one of the lines in the film – “Rukna toh humein aata nahin”. PhonePe’s offerings which include contactless payments, easy money transfers on chat, bill payments, fast recharge among others nurture the spirit of resilience and always moving ahead.

    PhonePe founder and CEO Sameer Nigam said, “During these unprecedented times, Indians from small villages to large metros are striving to get back to normalcy and progress in their lives. We see our platform as a trusted partner to those billion-plus aspirations. Our latest brand campaign is a tribute to the indomitable spirit of the people of India and reflects everyday stories of progress with PhonePe’s varied offerings.”

    Link to the film:

    Creative Credits: Leo Burnett & OffRoad Films

    The campaign includes a one minute 50-second master film and five shorter 15-second stories. These can be viewed on digital and social media platforms such as YouTube, Facebook, Twitter, Instagram and LinkedIn. PhonePe users can also watch it on the app.

  • PhonePe’s transaction and traffic numbers bounce back to normal

    PhonePe’s transaction and traffic numbers bounce back to normal

    MUMBAI: Digital payments platform PhonePe today said it has bounced back hard in the last 24 hours. The platform processed over Rs 4000 crore worth of transactions in 24 hours and saw its largest-ever volume of user traffic in a single day (with over 70Mn app sessions).

    PhonePe saw an extended service outage, which started immediately after the RBI moratorium on Yes Bank on March 5th (Thursday) lasting for nearly 24 hours till 6 March (Friday). The PhonePe team worked overnight with NPCI and ICICI bank, its new UPI partner to ensure all its services were up and running within a day. All merchant payment settlements were restored by Friday noon and all consumer wallet, credit, and debit card payments were restored by 3 p.m.  All UPI services were restored by Friday night, with PhonePe users continuing to use their UPI @ybl handles. This ensured that there was a seamless transition for all of its 20 crore customers

    PhonePe founder-CEO Sameer Nigam said: “Friday was an extraordinarily difficult situation with little precedence. We are grateful to RBI, NPCI, Yes Bank and ICICI for working collectively to ensure that millions of our customers and merchants were not inconvenienced a minute longer than necessary. The trust and loyalty of our customers and merchant partners have reposed in us by coming back in larger numbers than ever before is truly humbling. I would also like to take a moment to appreciate the mammoth effort of all the PhonePe employees who worked tirelessly for 36 hours straight with a singular focus on getting all our customer and merchant services live as fast as possible.”

  • PhonePe’s transaction and traffic numbers bounce back to normal

    PhonePe’s transaction and traffic numbers bounce back to normal

    MUMBAI: Digital payments platform PhonePe today said it has bounced back hard in the last 24 hours. The platform processed over Rs 4000 crore worth of transactions in 24 hours and saw its largest-ever volume of user traffic in a single day (with over 70Mn app sessions).

    PhonePe saw an extended service outage, which started immediately after the RBI moratorium on Yes Bank on March 5th (Thursday) lasting for nearly 24 hours till 6 March (Friday). The PhonePe team worked overnight with NPCI and ICICI bank, its new UPI partner to ensure all its services were up and running within a day. All merchant payment settlements were restored by Friday noon and all consumer wallet, credit, and debit card payments were restored by 3 p.m.  All UPI services were restored by Friday night, with PhonePe users continuing to use their UPI @ybl handles. This ensured that there was a seamless transition for all of its 20 crore customers

    PhonePe founder-CEO Sameer Nigam said: “Friday was an extraordinarily difficult situation with little precedence. We are grateful to RBI, NPCI, Yes Bank and ICICI for working collectively to ensure that millions of our customers and merchants were not inconvenienced a minute longer than necessary. The trust and loyalty of our customers and merchant partners have reposed in us by coming back in larger numbers than ever before is truly humbling. I would also like to take a moment to appreciate the mammoth effort of all the PhonePe employees who worked tirelessly for 36 hours straight with a singular focus on getting all our customer and merchant services live as fast as possible.”

  • Zivame Partners with Stratbeans to Upskill Employees with an Advanced LMS

    Zivame Partners with Stratbeans to Upskill Employees with an Advanced LMS

    MUMBAI: Zivame, India's leading online lingerie retailer has selected Stratbeans, to digitally train its employees. As a leading LMS provider, Stratbeans will empower the former’s employees through advanced digital learning and performance support solutions to enhance their performance and hence, amplify customer’s engagement.

    Zivame is leveraging Learning Management Solution (LMS) by Stratbeans to manage the entire learning & training process of their workforce which will eventually drive customer success. One of the biggest benefits of its LMS is that it will create a virtual learning environment that is identical for every learner.

    Stratbeans has framed a step-by-step digital learning strategy for Zivame which is also DIY and is highly customizable. Through this, Zivame can set the order of modules, create time limits, share resources and make sure nothing is lost during the process. Its state-of-the-art technology has been a key enabler for Zivame’s workflow in many ways:

    ●  Easy-to-use Dashboards- Provide graphical and tabular reports on a dashboard to top management to show competency building

    ●Cloud-Hosting and Scalability- Handling large user base for assigning training and carrying out assessments is easier with the aid of cloud services

    ● Training Management- Get role-based Access, user management, attendance management and schedule classroom training along with uploading relevant notes corresponding to the training.

    The above features ensure increased accountability from employees and effectiveness of learning and development functions by tracking and automating content delivery on mobile devices, normal computers, laptops, and tablets. Zivame can now easily identify best performers in the organization with the help of robust performance dashboards.

    Commenting on the same, Siddharth Vishwanath, Head – HR, Zivame, said, “Zivame believes in serving the consumer through her channel of choice and be present where she wants to shop, which is why the brand has an omnichannel strategy and is present both online and offline. In our journey, we are committed to providing the absolute best customer experience, product knowledge and shopping delight to its consumers across channels. In our pursuit for the same, our learning agenda at retail stores is always a priority because we can create a differentiated experience to the consumer in this marketplace.

    With the introduction of an LMS system using Stratbeans, we hope to not only digitize our learning delivery but also achieve efficiencies in converting learning to great customer experience and also effectiveness for the training team’s efforts. As we scale rapidly on physical retail, we hope to leverage this learning channel in all its potential.”

    Commenting on the association, Sameer Nigam, CEO & Co-founder, Stratbeans, stated, “We are glad to work with Zivame and to simplify its workflows by creating automated learning frameworks. Started with an elementary approach, we will also introduce AI &Chatbot based learning for Zivame’s employees. With its stores pan India, Zivame’s workforce is from diverse backgrounds, therefore, they needed a scalable platform that could bring standardization in customer service so as to ensure a seamless customer experience. We are certain that our platform will steer the growth trajectory for their business.”

    Stratbeans has enabled digital transformation for over 100 organizations including TATA, Genpact, Aviva, HDFC, and ASPEN pharma by simplifying workflows with automated learning frameworks that helped these enterprises in saving time and cost in training new employees and upskilling the existing ones.  

  • Stratbeans enabled digital transformation for over 100 cos globally

    Stratbeans enabled digital transformation for over 100 cos globally

    MUMBAI:  Stratbeans has successfully enabled digital transformation for over 100 organisations across industries like healthcare, manufacturing, BPO, hospitality, banking, finance, and insurance. It has simplified workflows by creating automated learning frameworks that helped these enterprises in saving time and cost in training new employees and upskilling the existing ones. Established in 2008, by Sameer Nigam, Prasoon Nigam, and Pradeip Agarwal, Stratbeans has achieved milestone success working with large organisations like TATA, Genpact, EXL, Aviva, HDFC, ASPEN Pharma, among others. With companies increasingly investing in upskilling their employees, Stratbeans is helping corporations ensure their workforce stays relevant. It has successfully helped its clients to perform better for business growth, strengthening employee performance and increasing revenue by 200 per cent leveraging a digital platform.

    Commenting on the same, CEO and co-founder of the company Sameer Nigam stated, “Learning plays a vital role in nurturing skills that will shape the workforce of the future. With quality digital techniques, Stratbeans has been a pioneer to create and revive the HR ecosystem of enterprises towards organisational growth. We are delighted to accelerate digital transformation for these companies with our expertise and a wide array of digital solutions and offerings.”

    “With presence in India, the Middle East, and the USA, we are also planning to expand to regions to achieve new levels of growth,” he added.

    The company’s mission is to empower its clients through advanced digital learning and performance support solutions for enhanced employee performance and customer’s engagement. It helps in bringing all the information on a single platform which is accessible to each stakeholder through its offerings including gamification, interactive learning videos on adult learning principles packaged with AI-enabled and chatbot-based learning and performance support platforms.