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<ul><li><keyword id="187224" type="COMPANY" weightage="20" keywordseo="Amway-India">Amway India</keyword> has earmarked Rs 30 crore to strengthen its supply chain and automation.</li><li>Globally, <keyword id="129103" type="COMPANY" weightage="20" keywordseo="Amway">Amway</keyword> is 60 years old, US$ 8.4 billion, manufacturer and direct seller of quality consumer goods. </li></ul>FMCG player Amway India, one of the country’s leading FMCG direct selling companies, is focusing on bolstering it’s home delivery (HD) and logistics network to support the surge in online orders. As a part of Amway’s 10-year growth vision, it has begun integrating offline-to-online (O2O), earlier this year, to drive targeted results. The company has witnessed a significant shift to online sales, from 33.6% in Feb 2020 to over 70% today. Amway expects the trend to continue and foresees the online orders to reach over 5-6 lakhs per month by the end of this year. Commenting on Amway’s home delivery strategy, <keyword id="1687525" type="PERSON" weightage="20" keywordseo="Anshu-Budhraja">Anshu Budhraja</keyword>, CEO, Amway India, said, “In the last few months, we have witnessed a rapid shift in consumer behavior, especially in retail, with people increasingly migrating to online platforms for shopping. Amway too has observed a similar trend. As web sales doubled, there has been a significant upward shift in the home delivery orders, and we expect this trend to continue. To ensure seamless shopping experience and smooth last-mile delivery of orders, we are working towards strengthening our supply chain and logistics. We will be investing INR 30 crore to enhance the home delivery experience by adding warehouse space, manpower, new logistics partners, automation in warehouses, and other back-end processes. As we move forward, both offline and online platforms will form a key component of Amway India’s future strategy with a tremendous focus online, guided by consumer trends and behavior.” Talking about the growing online orders and its significance, Sanjeev Suri, Vice President - Global Omni Channel Logistics, Amway India, said, “Currently, we are doing over 2.8 lakh home deliveries, which is roughly 70%-80% of our total sales, from 1 lakh home deliveries before March, accounting to 40% of our total sales count. This reflects a new world order where consumers demand everything at the click of a button. The trend is especially relevant with the Indian consumers’ embracing e-commerce, which is expected to grow 27% to reach $99 billion by 2024, as per the latest report ‘Global Internet: e-commerce's steepening curve’ by Goldman Sachs. To address this evolving trend, we are also planning to launch same-day delivery and online return services by the early next year, in Q1, to enhance the post-purchase experience.” To accommodate the evolving supply chain scenario, Amway India is working towards a robust supply chain and home delivery strategy. In line with this, Amway is building an independent last-mile delivery model under clearly structured multi-vendor national alliances. Currently, Amway is working with a combination of 18 local and national delivery partners and plans to strengthen this network by adding some leading national logistic partners by the end of 2020. The company is now servicing 8,000 pin codes and aims to scale up to reach 15,000 pin codes by adding more national players and leveraging their network. Amway is also looking to add 40% additional third-party manpower across India to support and fulfill the online demand. The increasing dependence on technology has paved the way for continued digital transformation at every level of Amway India’s operation. With the recent launch of multiple digital and social tools, Amway India aims to make it 10 times easier for the Amway direct sellers to seamlessly embrace online to buy and sell products and build their business.

Amway India witnesses 200% surge in home deliveries, looks at scaling online orders to 5X by 2020

<ul><li>Within the lockdown months, <keyword id="3966270" type="PERSON" weightage="20" keywordseo="FarEye">FarEye</keyword> saw a spike in usage, expanded internationally and most recently raised $13 million following a raise of $24.5 million in April. </li><li>In an interview with Business Insider, Amit Bagga, Chief Revenue Officer, FarEye shares the company’s unique position for growth.</li><li>Some of FarEye’s current clients are DHL, Amway, Hilti, Walmart, Domino’s and Zomato.</li></ul>When the coronavirus pandemic began, businesses faced with the unknown had to quickly find ways to sail through the tough times. For all the sectors that needed a quick turnaround, the supply chain sector had to do it first to enable other businesses. And that’s where <keyword id="108235" type="ORGANIZATION" weightage="20" keywordseo="logistics">logistics</keyword> software firm FarEye found its sweet spot. This Microsoft-backed seven-year old startup offers predictive analysis in the logistics sectors – where it gives its clients visibility over demand and buying trends. It works across channels – from manufacturers to retailers. Some of FarEye’s current clients are DHL, Amway, Hilti, Walmart, Domino’s and Zomato. Within the lockdown months, FarEye saw a spike in usage, expanded internationally and most recently raised $13 million in funding, closing the round where it raised $24.5 million in April. A trillion dollar addressable market that got <keyword id="10387" type="CITY" weightage="20" keywordseo="Microsoft">Microsoft</keyword> interested FarEye saw a month-on-month 180% increase in usage during the lockdown months as it enabled B2B (business to business) and B2C (Business to consumer) last mile delivery. “The sector in which we operate is currently digitized to less than 10%, so there is a race for the rest 90%. We want to separate out in the play where the SAPs, Oracles operate. The last mile market is reported to be $55 billion by 2025, our aim is to be in the top 4 players in the market and for that you need just 5% of the market,” Amit Bagga, Chief Revenue Officer, FarEye told Business Insider. As businesses began to take stock of the impact of the pandemic, they had to find ways to be conservative about their spending, ensure rapid business transformation, and that products are delivered at home. And Bagga says that there’s a trillion dollars of wasted cost that they can take out of the supply chain. “That’s the pie we are after,” he said. So, it’s not surprising that the startup has got big money backing it – Microsoft’s M12 fund, The Fundamentum Partnership, the growth-capital fund backed by Nandan Nilekani and Sanjeev Aggarwal and KB Global Platform Fund, one of the leading investment firms of Korea. “It’s key for a company like Microsoft to basically build partnerships with people who will become category kings and with Fareye, it's a very strategic alliance. Microsoft wants to become the platform that leads digital transformation and everywhere you go you will need that optimization in logistics. With technology, that’s 50% of your supply chain costs right there that can be cut down to drive profitability,” said Bagga. Road to recovery A recent report by PwC on revival and growth, housed the supply chain as one of the key sectors for the economy’s revival. And at FarEye the early signs of recovery are seen. “We have seen about 80% of the pre-COVID engagement resurface back. We are now participating in 3-4 times the global RFPs (Request for Proposals) than we were in April,” he said. And they are also doubling down on hiring and expansion. The 11-year old startup has already added 12% to its headcount of 400 and is expanding “exponentially” into the US and European markets. While Bagga didn’t disclose their revenue details, he said they are eyeing 200-300% growth year-on-year. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/its-the-day-airtel-and-vodafone-idea-have-been-waiting-for-heres-the-agr-case-timeline-of-26-years/articleshow/77845908.cms">It's the day Airtel and Vodafone Idea have been waiting for – here’s the AGR case timeline of 26 years</a> <a href="https://www.businessinsider.in/retail/news/ambani-vs-damani-indias-635-billion-retail-ring-will-see-the-countrys-two-richest-men-battle-with-different-strategies/articleshow/77846555.cms">Ambani vs Damani ⁠— India’s $635 billion retail ring will see the country’s two richest men⁠ battle with different strategies</a>

INTERVIEW: Microsoft-backed FarEye sees a trillion dollars in wasted costs across the global supply chain

<ul><li>The Microsoft-backed startup has announced the distribution of $739,000 (over ₹5 crore) to liquidate eligible ESOP options. </li><li>In this programme, which is a first for the company, eligible employees can liquidate 35% of their shares. </li><li>With the announcement, <keyword id="3966270" type="PERSON" weightage="20" keywordseo="FarEye">FarEye</keyword> joins the long list of <keyword id="6362513" type="UNKNOWN" weightage="20" keywordseo="startups">startups</keyword> who have been doling out rewards in <keyword id="173739" type="PERSON" weightage="20" keywordseo="Esops">ESOPs</keyword> to employees.</li></ul>Indian logistics platform FarEye is the latest to dole out rewards for employees by announcing a liquidation programme for ESOPs (Employee Stock Option Programme). The Microsoft-backed startup has announced the distribution of $739,000 (over ₹5 crore) to liquidate eligible ESOP options. In this programme, which is a first for the company, eligible employees can liquidate 35% of their shares. “We announced this liquidation to make employees partners in our success and to ensure they are able to create wealth for themselves and their families. The team has been able to generate significant liquidity for themselves, which gives us immense happiness &amp; satisfaction. With this program, we will be able to reward our most important asset - our employees,” said Kushal Nahata, CEO, FarEye in a statement. With the announcement, FarEye joins the long list of startups who have been doling out rewards in terms of ESOPs to employees. Recent startups which rolled out ESOP buyback plans <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Swiggy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$7-9 million <a href="https://entrackr.com/2020/11/swiggy-to-reward-its-employees-with-esop-liquidity-program/">(reported value)</a> </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Unacademy </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$4 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Urban Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$5 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Zerodha </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$8.7 million </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">CRED </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">$1.2 million </td></tr></tbody></table> During the lockdown months, FarEye saw a spike in usage, expanded internationally and most recently raised $13 million in funding, closing the round where it raised $24.5 million in April. FarEye saw a month-on-month 180% increase in usage during the lockdown months as it enabled B2B (business to business) and B2C (Business to consumer) last mile delivery. “The sector in which we operate is currently digitized to less than 10%, so there is a race for the rest 90%. We want to separate out in the play where the SAPs, Oracles operate. The last mile market is reported to be $55 billion by 2025, our aim is to be in the top 4 players in the market and for that you need just 5% of the market,” Amit Bagga, Chief Revenue Officer, FarEye told Business Insider in a<a href="https://www.businessinsider.in/business/startups/news/microsoft-backed-fareye-sees-a-trillion-dollars-in-wasted-costs-across-the-global-supply-chain/articleshow/77864135.cms"> recent interview.</a> The Microsoft-backed 11-year old startup offers predictive analysis in the logistics sectors – where it gives its clients visibility over demand and buying trends. It works across channels – from manufacturers to retailers. Some of FarEye’s current clients are DHL, Amway, Hilti, Walmart, Domino’s, and Zomato.

FarEye is the latest to buy back shares from employees —  to liquidate ESOPs worth over ₹5 crore

<ul><li>As the country continues to grapple with the second wave of coronavirus pandemic, healthcare and frontline workers are racing against time to contain its spread.</li><li>In this fight against coronavirus, a few <keyword id="31174" type="PERSON" weightage="20" keywordseo="brands">brands</keyword> have stepped forward to help our country deal with the crisis.</li><li>From amplifying requests on Twitter to donating money to government bodies, here’s how brands are trying to do their bit.</li><li>This is a regularly updated list to track how brands are helping India. </li></ul>As of April 27, there are 17.3 million+ active COVID cases in India. Several health institutions have run out of beds and oxygen supply and have kept the patients on a long waiting list. Our social media feeds are full of appeals for help, looking for plasma donors, oxygen concentrators or ICU beds. As India’s healthcare system continues to be under pressure, citizens have taken to Twitter to help each other out during these testing times. Indian corporations, multinational brands and young home-grown start-ups have also stepped forward to do their bit and help the country survive this phase. Tech giants Tech giant Amazon has come forward to donate 10,000 oxygen concentrators to India. Google's Sundar Pichai has announced that the company will be donating a relief fund of Rs 135 crore to UNICEF and the non-profit Give India for medical supplies, supporting high-risk communities, and grants to help spread critical information about the deadly virus. Microsoft’s Satya Nadella said that the company will continue to use its voice, resources, and technology to aid relief efforts, and support the purchase of critical oxygen concentration devices. FMCG FMCG Giant P&amp;G announced that it will contribute towards the vaccination of over 5 lakh Indian citizens by pledging Rs 50 crore in partnership with the government and local authorities in India. It will also continue to extend its support to the broader community through the donation of products, in-house manufactured masks and sanitizers especially to aid frontline and essential workers who are tirelessly working to combat the spread of COVID-19. The company will continue to leverage its advertising and brand voice responsibly to increase awareness on health, safety and hygiene measures among consumers and the community. FMCG giant Amway is donating US $1 million (approx. Rs 7.50 crores) to support the COVID relief efforts. The donation amount will be used to facilitate COVID-19 resources such as ventilators, oxygen concentrators among others, to accelerate the <keyword id="8764728" type="UNKNOWN" weightage="20" keywordseo="covid-19">COVID 19</keyword> relief work. Mankind Pharma also pledged to donate a sum of Rs 100 crore for the families of deceased doctors, police officers, pharmacists, and other healthcare workers. Marico Limited has donated sanitizers worth Rs 1 crore across various cities to frontline professionals including government <keyword id="6411917" type="UNKNOWN" weightage="20" keywordseo="organisations">organisations</keyword>, police, hospitals and health staff. The distribution of these kits has already begun in Tamil Nadu and the FMCG giant will continue to expand its reach to include more beneficiaries across multiple states. Start-ups Delivery platforms Zomato and Dunzo have assured help to India as it continues to fight a ravaging crisis. Foodtech platform Zomato and its NGO Zomato Feeding India rolled out a priority delivery feature for Covid-19 emergencies, including oxygen, Chief Executive Officer Deepinder Goyal announced on Twitter. It is aiming to raise Rs 50 crore. Dunzo has opened its social media platform to those who need their request amplified. CRED’s Founder Kunal Shah announced that the platform will be sourcing 1 billion litre of oxygen for India. In association with NGO Milaap, every 10,000 CRED Coin will go towards 1,000 litre of oxygen. Another payment platform Paytm claims to have sourced supplies of different sizes of oxygen concentrators and is raising ₹10 crore to donate them to health institutions across the country. It has already collected ₹1 crore. <a href="https://info.coindcx.com/crypto-covid-care/" data-type="tilCustomLink">CoinDCX</a>, an Indian cryptocurrency exchange platform, allows you to donate your cryptocurrencies. It is donating the collected funds to Help Uday Foundation to provide Care Kits to Fight Coronavirus and Donate Dry Ration to families struggling with hunger in Covid Second Wave. International brands Mobile brands Xiaomi and OnePlus have also come forward to help ease the burden off India’s healthcare system. Xiaomi has pledged Rs 3 crore for relief efforts and OnePlus is amplifying the appeals of those facing COVID-19 emergencies and seeking help on Twitter. Vivo, another smartphone brand, announced donation of Rs 2 crore to aid COVID-19 relief efforts and help acquire Oxygen concentrators. The Walt Disney Company and Star India have pledged financial support of Rs 50 crore towards the ongoing COVID-19 relief efforts in India. The proceeds will be utilized to aid relief efforts and towards the procurement of critical healthcare equipment, including oxygen concentrators, BiPAP, and ventilators along with setting up oxygen plants across hospitals. Indian corporations The Tata Group announced that it is importing 24 cryogenic containers to transport liquid oxygen and help ease the oxygen shortage in the country. Its subsidiaries like Tata Steel are also supplying 200-300 tons of Liquid Medical Oxygen daily to various State governments and hospitals. Honda India Foundation will be setting up temporary COVID Care isolation centers and Oxygen Production Plants. A 100-bed facility is being created at Honda’s warehouse facility in Manesar in Haryana and another 50-100 bed facility at the Government Girl School in Tapukara, Rajasthan. These temporary COVID-19 care centers are expected to commence operation from May 17 onwards. Similar isolation centers are being explored in other locations. The foundation is also working with State Governments to set up Oxygen Production Plants in the districts of Kolar (Karnataka), Gautam Budh Nagar (Uttar Pradesh), Alwar (Rajasthan) and Manesar (Haryana). Last but not the least, Reliance Industries is donating 100 tonnes of oxygen to worst-hit COVID states in India.

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Amway India witnesses 200% surge in home deliveries, looks at scaling online orders to 5X by 2020

BI India Partner

INTERVIEW: Microsoft-backed FarEye sees a trillion dollars in wasted costs across the global supply chain

Sanchita Dash

FarEye is the latest to buy back shares from employees — to liquidate ESOPs worth over ₹5 crore

Sanchita Dash

From CRED to Google, here’s how brands are helping India fight against COVID-19

Karuna Sharma

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