Connect with us

Business

Indian Angel Network Plans to Invest Rs 3.5 Cr in Pune-based Auto Parts Startup SparesHub

mm

Published

on

PUNE – Asia’s largest network of Angel investors has decided to invest Rs. 3.5 crores in Pune-based Automobile start-up, SparesHub. The members of IAN namely, Neeraj Garg, Harsh Gandhi, Ankur Aggarwal will lead the funding for the automobile startup, SpareHub. This funding of Rs. 3.5 crores will be utilised by SpareHub for its geographical expansion and to strengthen its technology capabilities. SparesHub, with the help of its 27 employees makes available the auto parts to various car-owners.

Since the time it came into action, SpareHub has been working to disintermediate and digitise the automobile part industry in India. Before the start of SpareHub, the car owner companies used to get all the auto parts at a high price and also they used to face a lot of difficulty in getting access to automobile parts. This unit deals with B2B customers and works with India’s leading car companies. The motive of SpareHub is to make available OEM and OES parts available to its customers.

The President and Co-founder of Indian Angel Network has said that the firm has decided to invest in the auto startup after taking into consideration various factors into account. It is the team’s unique business model, vision, strategy, a strong technological framework which has appealed to us to invest in this startup. This company has the capability to emerge as the leading player in its domain and it would enhance its product at a constant rate. You can even review the products of ShareHub at autonerdreview.

The CEO of SparesHub, Tapas Gupta expressed his gratitude to IAN for showing trust in their company’s business model. He said that the main motive of their firm is to constantly challenge the traditional methodologies and ensure complete customer satisfaction. Also, he showed hopes for working in collaboration with IAN in the future.

Jenny is one of the oldest contributors of Bigtime Daily with a unique perspective of the world events. She aims to empower the readers with delivery of apt factual analysis of various news pieces from around the World.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

What does it really mean to be an Entrepreneur?

mm

Published

on

We see that word a lot, especially in the business world. Entrepreneurship is an idea that is often tied to the concept of the American dream. An individual chooses to put their head down and work hard to open a business and are now reaping the benefits of investing their time, money, and energy.

For those of us who have a job in the traditional sense working for a company that we do not own, the idea of becoming an entrepreneur can be both exciting and intimidating. Not everyone is built to start a business and pour their soul into helping it grow and become their main source of income. So what does it really look like to be an entrepreneur in 2022?

Betting on yourself

Anyone who has started a business themselves will tell you that the key to success is believing in yourself, as cliche as that may sound. With all of the responsibility of the business falling on your shoulders, there is a lot of weight that you have to carry. Figuring out the product or service itself, marketing the brand online or through your network, and handling the logistics of owning a business are just some of the tasks that will fall on you. Depending on what industry you are in, you may need to take the time to be certified, especially for some trades where a license is required. Getting through “impostor syndrome,” or the belief that you do not have what it takes to achieve your goals, will be key to creating long-term success, but this is only possible if you truly believe in your abilities and your business.

Assuming all of the risk

The scariest part of being an entrepreneur is the inherent uncertainty. Will your business be successful? How long before you start to turn a profit? Will this business be able to support your livelihood both in the short term and in the long? These are questions that you will undoubtedly face as a business owner, especially early on. All of the risk associated with owning a business is yours. The best way to manage this risk is to seek assistance in the areas that you feel uncomfortable in. Don’t understand how to keep track of clients and invoices? Research the best software to help you. Having trouble with taxes? Hire a tax professional to work through the details with you. There will likely be aspects of owning a business that you will not even know exist, so be sure to do your research.

Reaping all of the benefits

While there is significant risk associated with entrepreneurship, there is also the possibility of success. In the event of success with your business, you will reap all of the benefits of your growth. Whether that means achieving financial independence, or simply living out a purpose and feeling fulfilled, you receive the full reward as the owner of that business. This is what most entrepreneurs keep their focus on and what gets them through the long hours and extreme investment of their assets. They look forward to the day when they reach their financial or personal goals, which makes the whole journey worth it. 

The freedom of choice

This factor is especially evident with the wave of new businesses that have started since the beginning of the global pandemic. A huge number of workers have filed applications for new businesses in the last few years, with over 551,000 applications in July of 2020, a huge jump from similar time periods in years past. That trend has continued into 2022, with many workers leaving their regular jobs in order to pursue entrepreneurship. One of the main draws is the freedom of choice. You can choose what type of business to run, what product or service you will sell, what your company culture will be, where to allocate resources, and even what hours to work. People may have left previous positions for any number of reasons such as low pay, feeling undervalued, poor management, long hours, or simply burnout. By starting a new business, an entrepreneur has the freedom to customize the role to suit themselves. Even if there are long hours, the feeling of self-determined fulfillment can override the difficulty of running the business. 

Entrepreneurship should not be taken lightly

As stated before, becoming an entrepreneur is not for everyone. Even if you come up with a great idea for a product or service, you may not have the capacity or the drive to turn it into a thriving business. It is important to spend time in reflection and doing research before taking the leap to make sure that you understand what you are getting into and what it will take to be successful. Lay out your goals, come up with a plan, seek outside advice from people who know you and professionals in the field you are interested in, and then make a decision. If you choose to go for it, then be ready to defeat that impostor syndrome.

 

Continue Reading

Trending