Favcy Venture Builders

📣 Masterclass Invite: Learn from the man who helped build Practo! - Got a new business idea but unsure how to execute it? - Looking to enhance your existing business model? - Struggling with writing your business plan? The Business Model Canvas offers a one-page solution to these challenges. Attend our masterclass on “From Idea to Execution: Navigating the Business Model Canvas” to learn how.💡 Learn from Ajay Rungta (ex - founding engineer of Practo & startup mentor) as he shares golden advice on how to model your business from idea to execution. 📅 Date: 27th July, Saturday. ⏰Time: 12:30 - 2:00 PM (IST) 🔗RSVP here: https://lu.ma/953j5110 Ragini Sharma | Sahil Sharma #builderx #masterclass #startups #founders #mentor #favcy

The Indian #cryptocurrency market could be worth $240 billion by 2030! 🪙 The cryptocurrency industry has seen a surge in interest globally, and India is no exception. In this burgeoning market, one particular #startup has emerged as a dominant force, leading the charge in facilitating secure and reliable crypto trading for millions of Indians — WazirX. 👏 Recently, WazirX was hacked and lost $230 million (INR 1965 Crores), India’s biggest crypto exchange hack per the reports! But, on the brighter side, it’s still India’s biggest crypto exchange platform! And in today’s #mondaymotivation, FavcyVB presents the success story of this crypto-exchange startup founded in 2017 by a trio! 1. WazirX was founded in 2017 by Nischal Shetty, Siddharth Menon, and Sameer Mhatre. One of the founders, Mr. Shetty is a serial entrepreneur passionate about blockchain technology. He envisioned making cryptocurrencies accessible and fostering financial inclusion for the Indian population. 2. In 2018, India lacked a reliable, user-friendly platform for buying, selling, and trading cryptocurrencies. Regulatory uncertainty further discouraged potential investors from entering the crypto space. 3. To conquer this, WazirX emerged as a solution, offering a secure and user-friendly platform for crypto trading. The platform addressed regulatory concerns through robust KYC (Know Your Customer) and AML (Anti-Money Laundering) protocols. 4. WazirX's success can be attributed to several key factors: -- First-mover advantage: as one of the first crypto exchanges in India, WazirX captured a significant market share. -- User-centric approach: the platform is known for its intuitive interface and features like the WRX token (WazirX's native token) that incentivize user participation. -- Community building: actively engages with its user base through initiatives like the "WazirX Warriors" program and educational workshops, fostering a strong crypto community in India. 5. WazirX boasts over 16 million users, solidifying its position as the leading crypto exchange in India. The platform offers various cryptocurrencies for trading, catering to diverse investor needs. In 2019, WazirX was acquired by Binance, the world's largest crypto exchange, further propelling its growth and global reach. WazirX's success story is a testament to its ability to address a critical need in the Indian market. By prioritizing user experience, fostering innovation, and building a strong community, WazirX has become a frontrunner in shaping the future of cryptocurrency adoption in India. As the crypto landscape continues to evolve, WazirX's commitment to adaptation and growth will be key to its continued success. #founders #success #story #indianstartups #favcy

Working on your #startup this Sunday? Let us help you! 🙌🏾 Are you: - Ideating on your startup? - Unsure of how to validate your problem statement? - Struggling to reach your target audience? - Thinking of what your MVP should look like? - Wondering how to fund your idea at such an early stage? Join our Favcy Experts tomorrow, Sunday, 12 PM (IST) onwards for a complimentary 1:1 session. At BuilderX, we have helped #founders go from Idea to Proof of Concept and Early Revenues in 70 days of working with us. That is the power of expert help! 🚀 Let's sit down and dissect how your startup stands to benefit from BuilderX. To join in on tomorrow, do a quick registration through here: https://lu.ma/vw5l1my6 See you tomorrow! 👋 #builderx #indianstartups #mvp #ideavalidation #favcy

Do you think that startups are constantly pressured to keep themselves relevant? Well, here’s a hint to stay relevant: 62% of consumers will pay more for sustainable products. In today's market, staying ahead of the curve is more important than ever. But how? 🤔 In today’s #StartupSprint, let’s dive deep into the evolving consumer trends shaping the future and equip you with actionable strategies to leverage them. #startups #consumers #trends #strategies #favcy

We're #hiring a new Startup Analyst in New Delhi, Delhi. Apply today or share this post with your network.

We want to free you from corporate life. ✅ But you need to step up! Uncertainty is stopping your idea from taking shape. Building a #startup while working your day job is taxing. We know. What if we helped you eliminate all uncertainty - strategically? 💬 What do we mean? - Fast-Track Ideation and Validation - Personalized Startup Roadmap with Tasks mapped - Mentorship from Industry Experts - Grants Up to Rs. 60 Lakhs - Direct Investor Feedback So you can Validate > Build Proof of Concept > Create MVP > Do Early Revenues Last few spots left for BuilderX Class 05 starting 25th July. Only 3 days left to apply! ⌛ Apply Now 🖇️ https://lnkd.in/d_tXbpaR Ragini Sharma | Sahil Sharma #builderx #founders #mvp #ideavalidation #favcy

We're #hiring a new Venture Building Analyst in New Delhi, Delhi. Apply today or share this post with your network.

We're #hiring a new Venture Building Analyst in New Delhi, Delhi. Apply today or share this post with your network.

India is now home to almost 200 space startups, up from just one in 2014. And this is the highest-funded space startup. 👇🏻 With a funding of $95 million, Skyroot Aerospace is the highest-funded space tech startup. 🤩 With India's space race heating up, it's not just government agencies leading the charge! Skyroot Aerospace, a private space company founded by ISRO veterans, is revolutionizing access to space for small satellites. In today’s #MondayMotivation, FavcyVB presents the story of Skyroot Aerospace which became the first private Indian company to launch its vehicle to reach space. 🚀 Private players in India's space tech - Founded by ISRO veterans Pawan Kumar Chandana and Naga Bharath Daka in 2018. - Their vision is to disrupt the launch industry with a focus on small satellites. - Building cabs to get into space, where they take satellites to their customized locations. 🚀 Solving the customized satellite conundrum - Traditional launch vehicles have expensive and limited launch windows for small satellites. - Skyroot's solution: The Vikram series - lightweight, agile rockets with 3D-printed cryogenic engines. 🚀 Raised private capital Seed funding from Mukesh Bansal (Myntra founder) in 2018. - Subsequent rounds attracted Greenko Group and Neeraj Arora (WhatsApp). Total funding of $95 million by October 2023 with backers like the Singapore Sovereign Wealth Fund GIC reflects growing confidence in private space ventures. 🚀 Revenue model of space giants - Primary revenue: launch services with various packages for different satellite sizes and orbits. In-space transportation and satellite manufacturing partnerships. 🚀 A historic leap - November 2022: Vikram-S suborbital rocket becomes India's first private launch vehicle to reach space. - This achievement marks a turning point in India's space sector, highlighting the private sector's potential. - Successful test-firing of Vikram-1's second-stage engine in March 2024 paves the way for an orbital launch. Skyroot is poised to become a major player in the global small satellite launch market. Their journey inspires aspiring entrepreneurs, showcasing the power of innovation and dedication. Skyroot Aerospace's ascent promises exciting possibilities for India's space ambitions, fueled by a thriving private sector. #startups #innovation #spacetech #indianstartup #founders #favcy

We're #hiring a new Investor Relations Analyst in New Delhi, Delhi. Apply today or share this post with your network.