<ul><li>Ola Electric is expected to announce its IPO share allotment status on Wednesday, August 7.</li><li>The shares of Ola Electric were subscribed 4.26 times.</li><li>The Ola Electric shares are expected to be listed on the stock exchanges on August 9.</li></ul>Bengaluru-based Ola Electric, an electric two-wheeler maker is expected to announce the allotment status of its initial public offering (IPO) on Wednesday, August 7. The <keyword id="17514461" type="General" weightage="20" keywordseo="Ola-Electric-IPO" source="Orion">Ola Electric IPO</keyword> opened on August 2 and closed on August 6. The price band for the Ola Electric IPO was ₹72 to ₹76 per share. <h2><keyword id="22582583" type="General" weightage="20" keywordseo="Ola-Electric-ipo-subscription" source="Orion">Ola Electric IPO subscription</keyword> status</h2>On its last day, the Ola Electric IPO was subscribed 4.26 times, receiving bids for 198.16 crore equity shares against 46.52 crore shares on offer. While the qualified institutional buyer (QIB) portion was subscribed 5.31 times, the non-institutional investor's portion was subscribed 2.39 times. The retail portion was subscribed 3.86 times. The employee portion was subscribed 11.66 times. <h2>Ola Electric IPO Grey market premium</h2>The shares of Ola Electric are currently not commanding a grey market premium (GMP). GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. How to check the Ola Electric IPO’s allotment status You can check the <keyword id="22664013" type="General" weightage="100" keywordseo="Ola-Electric-IPO-allotment" source="Orion">Ola Electric IPO allotment</keyword> status on the registrar’s website. <ul><li>To check the Ola Electric IPO allotment status, visit the registrar’s website<a href="https://linkintime.co.in/initial_offer/public-issues.html"> here</a>.</li><li>Click on ‘Select Company’ and then select ‘Ola Electric’.</li><li>Now, enter your PAN, application number, DP / Client ID or Account number / IFSC.</li><li>Click on submit.</li></ul>You will be able to see your Ola Electric IPO application status. It will display the number of shares that you have applied for and the number of shares that have been allotted to you. You can also check the Ola Electric IPO allotment status on the BSE and NSE websites. To check the allotment status on the BSE or NSE website: <ul><li>Go to the BSE<a href="https://www.bseindia.com/investors/appli_check.aspx"> website</a>.</li><li>On the website, click on 'Equity' and then select ‘Ola Electric’ from the dropdown menu.</li><li>Now, enter your application number and PAN.</li><li>Click on 'Search'.</li></ul>You will be able to see the number of Ola Electric shares allotted to you. You can click<a href="https://www.nseindia.com/products-services/initial-public-offerings-bid-verification"> here</a> and log in to check your Ola Electric IPO allotment status on NSE. <h2>Ola Electric IPO listing date</h2>The shares of Ola Electric will be listed on the stock exchanges on August 9. Disclaimer: The content on this website is for informational purposes only and should not be construed as investment advice. We recommend that readers consult certified, qualified, registered advisors for professional and personalised financial advice. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/webstories/unicommerce-esolutions-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112307438.cms">Unicommerce eSolutions IPO – Price band to risk factors, all you need to know</a> <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-cross-the-1-lakh-mark-after-four-months-ola-electric-leads-the-market/articleshow/112288793.cms">Electric two-wheeler sales cross the 1 lakh mark after four months, Ola Electric leads the market</a> <a href="https://www.businessinsider.in/business/news/ola-electric-ipo-mapmyindia-accuses-company-of-stealing-map-data-days-before-ipo-opens/articleshow/112109869.cms">Ola Electric IPO – MapMyIndia accuses company of stealing map data days before IPO opens</a>

Ola Electric IPO allotment – How to check allotment, IPO GMP, listing date and more

India is possibly facing an Enron moment, former US treasury secretary and former Harvard University president <keyword id="192145" type="General" weightage="50" keywordseo="larry-summers" source="Orion">Larry Summers</keyword> said likening the crisis in <keyword id="76451" type="General" weightage="100" keywordseo="adani" source="Orion">Adani</keyword> group to the accounting scandal that exposed the US energy major in 2001. "We haven't talked about it on the show, but there's been a kind of possible Enron moment in India," he said during Bloomberg's Wall Street Week last week. Though he did not name Adani, he was referring to the crisis that the apples-to-airport conglomerate is facing following an explosive report by US short seller <keyword id="9916845" type="General" weightage="20" keywordseo="hindenburg-research" source="Orion">Hindenburg Research</keyword>. Adani has denied all allegations. "And I imagine with India emerging as the world's largest country, and the (G20) meeting taking place in India, there's going to be a lot of curiosity from all present, about how that's gonna to play through and what if any larger systemic implications that's gonna have for India," Summers said. The comparison was to Enron Corporation shares plummeting in 2001 following revelation that the company inflated revenues and hid trading losses. Adani group companies too have seen a rout in value totalling over Rs 11 lakh crore since Hindenburg released a report on January 24. Hindenburg accused Adani Group of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices. The group has denied allegations, calling them "malicious", "baseless" and a "calculated attack on India". Its founder chairman <keyword id="111343" type="General" weightage="50" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword>, a first-generation entrepreneur, has lost nearly USD 78 billion in net worth and slipped to 29th rank on the world billionaire index from being Asia's richest and the world's third most wealthy businessman, in less than a month. His wealth has shrunk from about USD 120 billion to USD 42.7 billion. Summers made the comments while referring to the meetings of G20 that India is hosting this year. The first G20 finance ministers and central bank governors (FMCBG) meeting under the G20 Indian Presidency is to begin in Bengaluru on Friday. "I hope we're gonna see continued good work along the lines of very powerful calls that (US treasury secretary) Janet Yellen has made for World Bank reform," he said. "I hope we're going to see some progress on the debt issue." He was of the opinion that there is a need for careful thinking about funding, the ongoing economic challenges and the ultimate reconstruction in Ukraine. "And I think this issue of the global economy where there's substantial inflationary pressure, and the breaks are having very uneven effects and how that's going to play out is going to be an important area that the ministers and governments are going to have to discuss," he said. SEE ALSO: <a href="https://www.businessinsider.in/business/news/mukesh-ambanis-jiocinema-to-take-on-disney-hotstar-and-amazon-prime-with-free-4k-ipl-streaming/articleshow/98150380.cms">Mukesh Ambani’s JioCinema to take on Disney+ Hotstar, and Amazon Prime with free 4K IPL streaming</a> <a href="https://www.businessinsider.in/tech/gadgets/news/mapmyindia-launches-gps-trackers-smart-helmet-kits-dash-cam-and-more-starting-at-2990/articleshow/98177325.cms">MapmyIndia launches GPS trackers, smart helmet kits, dash cam, and more starting at ₹2,990</a> <a href="https://www.businessinsider.in/tech/gadgets/news/noise-and-fire-boltt-entered-in-top-five-in-global-smartwatch-shipments/articleshow/98171390.cms">These two Indian brands have together sold more smartwatches than Samsung in 2022</a>

India facing 'possible Enron moment', says Larry Summers on Adani crisis

<ul><li>Anand Rathi Wealth has received a decent response from investors in the IPO as it was subscribed 9.78 times in 3 days.</li><li>However, the grey market premium has been falling each day. Today, GMP stood at ₹25 per share falling from ₹125 earlier.</li><li>The allotment of the IPO is scheduled on December 9.</li></ul>Wealth management firm Anand Rathi Wealth has received good response from investors in its initial public offering (IPO) as the issue has been oversubscribed by 9.78 times. If you have subscribed to the IPO, remember the allotment of the IPO is scheduled for tomorrow, December 9. However, the grey market premium of the company's shares continue to fall since the last couple of days. Currently, the premium for Anand Rathi Wealth’s shares is at ₹25 per share from ₹125 earlier. The IPO is in the price range of ₹530-₹550 per share. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></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;">Investors </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;">Subscription </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;">Qualified institutional investors </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;">2.50 times </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;">Non-institutional investors </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;">25.42 times </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;">Retail </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;">7.76 times </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;">Overall </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;">9.78 times </td></tr></tbody></table> Anand Rathi has a dominant position in the distribution of financial products, with a focus on the growing HNI segment. Currently, Anand Rathi Wealth is present across 11 cities in India -- Mumbai, Bengaluru, Delhi, Gurugram, Hyderabad, Kolkata, Chennai, Pune, Chandigarh, Jodhpur and Noida with a representative office in Dubai. Further, the company aims to double its assets under management in the 3-5 years, said Amit Rathi, managing director at Anand Rathi in an <a href="https://www.businessinsider.in/business/corporates/news/anand-rathi-aims-to-double-its-assets-under-management-in-the-next-3-5-years/articleshow/88069928.cms">interview with Business Insider.</a> “Anand Rathi Wealth generates higher revenue yields compared to competition as the company has consciously avoided stock broking and stock advisory businesses and restricted its focus to the high yielding segments of distribution of structured products and mutual funds,” said Nirmal Bang while recommending ‘subscribe’ rating to the IPO. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/rategain-travel-shriram-properties-ce-info-systems-mapmyindia-and-metro-brands-these-ipos-opening-in-the-next-couple-of-days/articleshow/88140211.cms">RateGain, Shriram, MapmyIndia and more — Check out the important dates of these upcoming IPOs and their grey market premiums</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/spinny-is-the-latest-used-car-platform-to-join-cars24-droom-and-cardekho-in-unicorn-club/articleshow/88140551.cms">Spinny is the latest used car platform to join Cars24, Droom and CarDekho in unicorn club</a>

Grey market premium for Anand Rathi Wealth IPO is down to ₹25 from ₹125

<ul><li>Footwear retailer <keyword id="12783358" type="General" weightage="20" keywordseo="metro-brands-ipo" source="Orion">Metro Brands’ IPO</keyword> was open for subscription between December 10 and December 14.</li><li>The Rakesh Jhunjhunwala-backed company received a moderate interest from investors as it was subscribed just 3.64 times.</li><li>Shares of the company may witness a poor listing due to weak grey market premium and volatile market conditions.</li></ul>Marquee investor Rakesh Jhunjhunwala-backed Metro Brands, which is one of the largest Indian footwear specialty retailers in India, is set to get listed on exchanges today, December 22. Shares of the company may open at a discounted price as indicated by weak grey market price and volatile market conditions. The Rakesh Jhunjhunwala-backed company received a moderate interest from investors as it was subscribed just 3.64 times. “We are seeing a change in IPO [initial public offering] sentiment amid a slight decline in the market, and the last two debutants witnessed profit bookings post-listing, as well we are seeing a decline in the GMP [grey market price] for upcoming IPOs. We may see a discount listing of Metro Brands given that its GMP trades at a discount of 10-15% currently,” said Aayush Agrawal, senior analyst at Swastika Investmart. Analysts at Angel One also expect a weak listing for Metro Brand’s stock, but they hold a positive stance for the long term investment. “On the listing day, we are expecting a slightly weak listing due to the company already commanding higher valuation and fear of [the] new COVID variant omicron (will increase the possibility of lockdown). However, we are positive on stock for the long term on the back of asset light business, strong brands and wide range of products,” said Amarjeet Maurya, assistant vice president – mid caps at Angel One. Also, the company’s financial performance in FY21 was not very great due to COVID-19 restrictions in the country that affected the entire footwear retailing segment. Its revenue from operations declined by 37.75% in FY21. In the meantime, it permanently closed 24 stores, due to significant decline in footfalls on account of COVID-19. <div type="image" title="metro brand rev" height="900" width="1200" msid="88411590" hostid="261"></div> While the fundamentals of the company remain good with close-to-zero debt in its books and generation of profits, the new COVID-19 variant may adversely affect its plan to grow its store sales in the near term. As of March 31, 2021, Metro Brands operates 586 Stores in 134 cities across 29 states and union territories in India. Some of Metro’s brands include Mochi, Walkway, Davinchi and J. Fontini, as well as certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/snapdeal-ipo-paper-reveals-that-it-is-going-offline/articleshow/88408081.cms">Snapdeal IPO papers reveal the e-tailer’s offline aspirations for budget fashion</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/mapmyindia-ipo-makes-a-positive-stock-market-debut/articleshow/88403594.cms">MapmyIndia debuts below expectation but IPO investors still make a sweet 53% return on listing</a>

Metro Brands’ IPO may open on a weak note today, GMP at 10-15% discount

<ul><li><keyword id="6355975" type="General" weightage="20" keywordseo="axis-bank" source="Orion">Axis Bank</keyword> has reportedly pulled far ahead in the race to acquire <keyword id="6404166" type="General" weightage="20" keywordseo="citi-bank" source="Orion">Citi Bank</keyword>’s retail assets.</li><li>The acquisition includes the lucrative customer base of 2.58 million credit card holders, who spend nearly a third more than the industry on average.</li><li>From raw numbers to synergy gains and more, here’s everything that Axis Bank will gain if it wins the bid to acquire Citi Bank’s retail assets.</li></ul>Axis Bank could be the leading horse in the race to acquire Citi Bank’s retail assets, and the biggest gain for India’s third largest private bank would undoubtedly be the 2.6 million high-end credit card customers. Earlier, both Axis Bank and Kotak Mahindra Bank were said to be in a neck-to-neck race to acquire Citi Bank’s retail assets. However, new <a href="https://www.cnbctv18.com/finance/axis-bank-likely-to-bag-citis-india-retail-business-11875782.htm">reports</a> suggest that Axis Bank has raced ahead with an offer worth $2 billion (approx. ₹15,200 crore) in cash and incentives. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.9978225000000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">In numbers </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Branches </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.9978225000000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">35 </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employees </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4,000 </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Credit card holders </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.58 million </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail customers </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.5 million </td></tr><tr><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Loan accounts </td><td style="border-left:solid #000000 0.6260872500000001pt;border-right:solid #000000 0.6260872500000001pt;border-bottom:solid #000000 0.6260872500000001pt;border-top:solid #000000 0.6260872500000001pt;vertical-align:top;background-color:#d9d9d9;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.2 million </td></tr></tbody></table> Source: Edelweiss Research, CLSA “Citi Bank has a rich clientele across the credit card and wealth management segments, so it is understandable that the acquisition is at a premium. Axis Bank will have to manage the synergy gains well enough for this acquisition to prove useful,” Kranthi Bathini, Director, Equity Strategy at WealthMills Securities, told Business Insider. Essentially, the question whether the price is fair will be answered once we know what more Axis is able to sell to Citi’s customers. Analysts at Edelweiss Research also echoed this point of view. But there is still a lot for Axis Bank to gain from buying out Citi’s India operations. These are explained in three charts below. <cmsannotation type="cmsannotation" annotationid="Where does Axis Bank stand in the credit card industry?" comment="subhead" text="Where does Axis Bank stand in the credit card industry?">Where does Axis Bank stand in the credit card industry?</cmsannotation> Axis Bank is the fourth largest player when it comes to credit cards, standing behind HDFC Bank, SBI and ICICI Bank. <div type="image" title="Credit Card market share October 2021." msid="88407828" hostid="261" caption="&amp;lt;p&amp;gt;Credit Card market share&amp;lt;/p&amp;gt;"></div> Citi Bank comes in at the sixth place with a market share of just under 4%. However, it’s not only the credit card numbers that matter in this case, it’s also the value of transactions that each card issuer processes. <div type="image" title="Credit Card spends market share October 2021." msid="88407873" hostid="261" caption="&amp;lt;p&amp;gt;Credit Card spends&amp;lt;/p&amp;gt;"></div> While Axis Bank has three times the number of card holders that Citi does, the value of transactions it processes is only a little over two times higher. Post the acquisition, Axis would be in a neck-to-neck fight with ICICI Bank to become the third-largest card issuer, while in terms of credit card spends, it would account for nearly 13% of the total. <cmsannotation type="cmsannotation" annotationid="What exactly does Citi Bank bring to the table?" comment="subhead" text="What exactly does Citi Bank bring to the table?">What exactly does Citi Bank bring to the table?</cmsannotation> According to a report by Edelweiss Research, Citi Bank’s credit card holders spend 30% more when compared to the industry average. <div type="image" title="Credit card spends per user Axis Bank, Citi Bank, Industry." msid="88407912" hostid="261" caption="&amp;lt;p&amp;gt;Average credit card spends&amp;lt;/p&amp;gt;"></div> Citi Bank’s credit card holders spend twice as much as Axis Bank’s – an equation that would have contributed considerably to Axis paying a premium to acquire Citi India’s retail assets. Post-acquisition, Axis Bank would see its average credit card spends per user increase by nearly 23%, which could prove to be a significant boost for the company. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/mapmyindia-ipo-makes-a-positive-stock-market-debut/articleshow/88403594.cms">MapmyIndia debuts below expectation but IPO investors still make a sweet 53% return on listing</a> <a href="https://www.businessinsider.in/business/telecom/news/we-finally-know-why-the-vodafone-idea-stock-rallied-over-50-in-the-last-one-month/articleshow/88311430.cms">We finally know why the Vodafone Idea stock rallied over 50% in the last one month</a> <a href="https://www.businessinsider.in/stock-market/markets/an-algo-trading-starter-kit-for-those-who-would-like-to-learn/articleshow/88304203.cms">An algo trading starter kit for those who would like to learn</a>

Here’s why Axis Bank may be willing to pay $2 billion to buy Citi’s India ops

Mushrooming startups in India have taken the competition one level up as entrepreneurs are looking for aggressive and innovative ways to make their company stand out from the crowd. 
 
In a country where two startups are founded every day on an average, it is important to ponder over the fact that why would someone invest in your venture. 
 
So how does one stand out? 
 
The idea is to start from the very beginning when you pick the industry you want to enter, advise successful entrepreneurs. Take on-demand tea provider Chai Point, started in 2010, which now sells 1.25 lakh cups of chai every day across four cities. 
 
"We had come to something that is very close to the heart of all Indian consumers, given it a contemporary sheen and credibility," Amuleek Bijral, a Harvard Business School graduate who cofounded the company told Economic Times. When Chai Point started, online tea retail was an untested concept in India. 
 
Chai Point is currently partnering with other companies to create more products, including breakfast items and packaged teas. 
 
ET reported that investors cite a few basics to consider ahead of every investment opportunity - whether the market is large enough, the business model is sustainable, the technological platform is robust, the team has that all-elusive X factor, and importantly, whether the startup stands out from its league. 
 
Now, once a startup has its territory marked out, the most important factor is to build a great product. "It's not enough for it to work or be functionally complete. Does it delight in an experiential way? Do you have an extraordinary product that people love to interact with?" Shekhar Kirani, partner at Accel India, told ET. 
 
The next step in differentiation is to ensure that your product or service reaches customers seamlessly. As Talwar of Lightbox says, "Scale is 
critical in India, and equally crucial is scaling at the right moment." The common bottom line weaving through all the elements is the 
differentiation a customer perceives. 
 
"The power to decide who is going to win in India has shifted from large companies to consumers. They have much higher expectations now than they ever had," Sid Talwar, partner at Lightbox Ventures, told the financial daily. 
 
Lightbox Ventures has invested in one-of-a-kind companies such as InMobi, MapmyIndia, education tech startup Embibe and renewable energy company Kotak Urja. 
 
The online world has changed the paradigm of distribution, which now varies differently across industries. 
 
"The only way to start a brand today is to look at it in a holistic, omnichannel way, rather than the binary approach of online versus offline," said Bijral of Chai Point, whose consumer and corporate on-demand delivery services are growing at double digits every month. Chai Point provides a flask of hot tea on call, which can be booked online. 
 
The last leg is to bring loyalty in a differentiated way than being perceived as a pushy sale. Nothing sells more than a good validation or a referral by a customer to his or her own peer network. 
To do this, "you have to build stickiness into the product so that customers can be re-engaged," said Gaurav Dahake, founder and CEO of price comparison site BuyHatke told ET. 
 
The three-year-old company came into prominence last year during Xiaomi's first phone sales in India, when its embedded browser extension helped customers order Xiaomi phones automatically whenever stock was available. 
 
(Image: Thinkstock)

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Ola Electric IPO allotment – How to check allotment, IPO GMP, listing date and more

Sourabh Jain

India facing 'possible Enron moment', says Larry Summers on Adani crisis

PTI

Grey market premium for Anand Rathi Wealth IPO is down to ₹25 from ₹125

Bhakti Makwana

Metro Brands’ IPO may open on a weak note today, GMP at 10-15% discount

Bhakti Makwana

Here’s why Axis Bank may be willing to pay $2 billion to buy Citi’s India ops

Rounak Jain

Here’s how you can make your startup stand out from the crowd

BI India Bureau