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Vol-08 | 2023
www.ciolookindia.com
Tech Innovators
Innova ve Startups in the
Tech Sector Transforming
the Future Dynamics
Future Unveiled
How Modern Startups
are Redefining the Global
Work Cultures?
+ The
Rising
Start-up
Companies to
Watch in 2023
Editor's Note
UNVEILING THE UPRISING
ENTREPRENEURIAL UPSTART
s the entrepreneurial landscape continues to evolve
Aand innovate, a new generation of dynamic and
forward-thinking startups has emerged, poised to
make a significant impact on various industries. In this
compilation, we present a curated selection of Indian
startups that have captured attention and imagination with
their groundbreaking ideas, disruptive solutions, and
unwavering determination.
Welcome to our exclusive showcase of “The Rising Start-
up Companies to Watch in 2023.” These startups embody
the spirit of innovation and resilience, harnessing cutting-
edge technologies, novel business models, and a fresh
perspective to address both longstanding challenges and
emerging opportunities.
In an era where agility, adaptability, and creativity are
paramount, these startups have demonstrated their ability to
not only navigate complexities but to thrive amidst them.
Their stories are a testament to the power of bold ideas,
collaborative efforts, and a deep commitment to creating
value in today's rapidly changing landscape.
As you delve into the profiles of these rising stars, you will
discover the journeys of entrepreneurs who dared to dream,
dared to disrupt, and dared to reimagine the status quo.
While this compilation provides a glimpse into their
achievements and aspirations, it's essential to recognize that
the startup journey is an ongoing one, filled with
challenges, triumphs, and the unpredictability that defines
entrepreneurship.
While we present these startups as ones to watch in the
future, we encourage you to view this as a starting point for
exploring the vibrant and dynamic startup ecosystem in
India. As you explore these profiles, we invite you to
consider the innovative solutions, the impact they are
poised to make, and the potential they hold to shape the
future of various industries.
Gaurav Wankhade
08
Loopway
Revolu onary Underground System of
the World’s First Mul -mode Rapid Transit
CONT
16
22
28
QuNu Labs Private Limited
Rehmat Enterprises
Rumbum Software Service
Securing Your Pre and Post-quantum
Cyber-cryptographic World
Where Skincare Ascends to Unprecedented
Heights of Rare Fame
Magicking Story Duniya–children’s Own OTT World
CONT
ARTICLES
12
26
TENT
TENT
Tech Innovators
Innova ve Startups in the Tech Sector
Transforming the Future Dynamics
Future Unveiled
How Modern Startups are
Redefining the Global Work Cultures?
CONTENT
DESIGN
Visualizer : Sandeep Tikode
Art & Design Director : Rashmi Singh
Sr. Graphic Designer : Sameen Arif
SALES
Sr. Vice President : Swapnali Vasaikar
Sr. Sales Manager : Tejaswini Whaval
Team Leader : Suraj Gadekar
BDE : Veena Nayak
TECHNICAL
August, 2023
Copyright © 2023 CIOLOOK
India, All rights reserved. The
content and images used in
this magazine should not be
reproduced or transmitted in
any form or by any means,
electronic, mechanical,
photocopying, recording or
otherwise, without prior
permission from CIOLOOK
India. Reprint rights remain
solely with CIOLOOK India.
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I N D I A
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Technical Head : Prachi Mokashi
Technical Specialist: Rajeshwari Avhad
Technical Consultant : Tanaji Fartade
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SEO Lead : Nikita Khadalkar
Assisting Editor: Prajakta Zurale
Managing Editor: Gaurav PR Wankhade
Cover Price: Rs.300/-
Vol-08 | 2023
www.ciolookindia.com
Tech Innovators
Innova ve Startups in the
Tech Sector Transforming
the Future Dynamics
Future Unveiled
How Modern Startups
Are Redefining the Global
Work Cultures?
+ The
Rising
Start-up
Companies to
Watch in 2023
Brief
Featuring
Tanya Jawa,
Founder
Healthy Minds
Healthy Lives
Founded by Tanya Jawa, an RCI Registered Clinical
Psychologist, and awarded as one of the best mental health
startups, Healthy Minds Healthy Lives is a leading provider
of inclusive and ethical mental health services.
Company
Indrasena Varakantham,
Founder
Sunil Gupta,
Co-founder and CEO
Ms Roop Handa,
Director
Romit Mevada,
Founder & CEO
and Darshan Swami,
Co-founder & CTO
Loopway
QuNu Labs
Private Limited,
aka QNu Labs
Rehmat Enterprises
Pvt. Ltd.
Rumbum Software
Services Private
Limited–Story Duniya
Loopway aims to bring a change in everyday transport system, by
building a Multi-mode Underground Transit System specifically
designed using micro tunnels for Right of Way (ROW), Autonomous
Vehicles, Electric Vehicles, and V2I Platforms.
QuNu Labs (QNu Labs) is the pioneer of quantum technology in
India developing commercially ready and proven products and assets
offering unique value propositions to government and private
enterprises to secure their data in the pre & post-quantum world.
Rehmat Enterprises introduces a brand-Rare Fame that
captures the essence of indulgence and invites you to
immerse yourself in a luxurious skincare experience.
Rumbum Software Services' Story Duniya, a pioneering
video/audio based app, has emerged as a leading solution
provider catering to children aged 12 and under.
The
Rising
Start-up
Companies to
Watch in 2023
oing from point A to point B, how many ways are
Gthere to choose from? I know, millions. You know
that, of course. Nonetheless, how many ways of
transport are available to you? Again, you know Four:
Airways, Waterways, Roadways, and Railways.
Are you seeing the big drop from millions to four? Okay, in
an urban setting, going from your home to your
office/anywhere else, how many modes of transport are
available to you? Let us think–personal vehicle; cab/rick,
any other mass transport including bus or train.
Final choices, only four and full of traffic jams, accident
oriented, time-consuming, crowded, uncomfortable,
frustrating, and ridden with many predictable or unforeseen
interruptions and delays. Do you think, yes? Then, you
must rethink. The fifth most efficient, time-bound,
sustainable, and profoundly awesome choice is
Loopway–redefining urban mobility by reshaping the
course of history.
Let me, Indrasena Varakantham, the Founder, welcome
you to experience the future of transportation with our
Underground Autonomous Electric Vehicle Network.
The Fifth Dimension
At Loopway, we are revolutionizing urban transportation
with our cutting-edge underground transport system
powered by Autonomous Electric Vehicles (AEVs). Unlike
conventional solutions, our complete end-to-end approach
covers everything from meticulous planning and tunnel
construction to providing state-of-the-art autonomous
vehicles and seamless system operation.
The Rising Start-up Companies to Watch in 2023
Revolu onary Underground System of the World’s First Mul -mode Rapid Transit
Key features that set Loopway apart:
Ÿ Unmatched Efficiency: Our underground system
bypasses surface traffic, ensuring fast and efficient
commuting even during peak hours, saving valuable
time for passengers.
Ÿ Eco-friendly Innovation: With AEVs running on clean
electric energy, Loopway reduces carbon emissions and
builds a sustainable future for urban environments.
Ÿ Uninterrupted Mobility: By operating underground,
Loopway is immune to weather conditions and external
disruptions, guaranteeing reliable transportation year-
round.
Ÿ Advanced ADAS Integration: Our AEVs boast
cutting-edge Advanced Driver Assistance Systems
(ADAS), enhancing safety and minimizing accidents for
a secure ride every time.
Ÿ Private Funding–Public Benefit: Loopway operates
primarily through private investment, minimizing
reliance on government funds and delivering a cost-
effective, accessible transit system.
Triumphantly Transcending Times
At Loopway, we proudly offer a comprehensive and
innovative solution to urban transportation challenges
through our underground transport system using Autono-
mous Electric Vehicles (AEVs). Our firm stands out in the
cutthroat competition for several key reasons:
Ÿ Complete End-to-End Solution: Loopway provides a
holistic approach to urban transportation. From the
initial planning and design of underground tunnels to
deploying AEVs and efficiently operating the entire
system, we handle every aspect of the project. This
turnkey solution ensures a seamless and optimized
experience for our clients and their users.
Loopway
www.ciolookindia.com August | 2023
(8)
Indrasena
Varakantham,
Founder
At Loopway, we are
revolu onizing urban
transporta on with our
cu ng-edge underground
transport system powered
by Autonomous Electric
Vehicles (AEVs).
Indrasena Varakantham–An Extremely
Multitalented Leader
With a career of over 16 years, Varakantham has
evolved from a Software Developer to a Director of
IT, demonstrating an impressive progression. His
tenure across diverse sectors such as Logistics,
Finance, Security, and Communications has
equipped him with cross-industry knowledge and
multifaceted perspectives. As the Director of IT for
billion-dollar companies, he leveraged his compre-
hensive experience and strategic thinking to drive
digital transformations, enhance operational
efficiency, and deliver innovative tech-driven
solutions.
Parallel to his IT career, Varakantham has been
deeply involved in his family business in the
Tunnelling industry for about 20 years. The family
business has been operational for 35 years, contrib-
uting to numerous mines and hydro-projects across
India. This experience has given him profound
insights into the intricacies of tunnel construction,
project management, and operations in challenging
underground environments.
Combining his diverse experiences and leveraging
his deep knowledge from the IT and tunnelling
industry, Varakantham started Loopway, an innova-
tive company revolutionising underground transit
systems using Autonomous Electric Vehicles
(AEVs).
www.ciolookindia.com
Ÿ Technological Advancement: Our AEVs have state-of-
the-art technology, including advanced AI-powered
autonomous systems, precise route mapping, and
cutting-edge ADAS features. Integrating these
technologies ensures safe, efficient, and reliable
transportation within urban environments.
Ÿ Environmentally Conscious: Loopway is committed to
sustainability and reducing the carbon footprint of urban
transportation. By relying on electric vehicles and an
underground network, we significantly decrease
greenhouse gas emissions and contribute to cleaner and
greener cities.
Ÿ Unmatched Efficiency and Reliability: Traditional
surface-based transportation often faces challenges like
traffic congestion and weather-related disruptions.
However, our underground AEV network remains
unaffected by these factors, providing uninterrupted
service with minimal delays. This reliability sets us
apart as a dependable transportation solution.
Ÿ Cost-effective Private Funding Model: Loopway
operates primarily through private investments,
reducing the burden on public finances. Our cost-
effective approach ensures we can deliver a world-class
transportation system without heavily relying on
government funding.
Ÿ Scalability and Flexibility: Our underground transport
system is designed with scalability. As urban
populations grow and demand for efficient
transportation rises, Loopway's flexible infrastructure
can adapt and expand to meet the evolving needs of
different cities.
Ÿ Safety First: Safety is our top priority at Loopway. Our
AEVs undergo rigorous testing, and our system
incorporates multiple layers of fail-safes and
redundancies to ensure passenger safety at all times.
Ÿ Collaborative Partnerships: Loopway fosters
collaborative partnerships with city authorities,
stakeholders, and local communities. Working hand-in-
hand with cities, we tailor our solutions to address
specific transportation challenges unique to each
location.
Ÿ Customer-centric Approach: We strongly emphasise
understanding the needs of our clients and their users.
By gathering feedback and continuously improving our
services, we provide an unparalleled customer
experience.
Techno-Startup
As a leader navigating the confluence of multiple industries,
I see the adoption of modern technologies like Artificial
Intelligence (AI) and Machine Learning (ML) as a
significant game-changer, especially in the startup space.
AI&ML technologies democratise business capabilities,
levelling the playing field for startups to compete with
established companies. They help startups to scale faster,
optimize operations, personalize customer experiences,
make data-driven decisions, and innovate their offerings.
In the context of Loopway, these technologies are crucial to
our business model. AI plays a vital role in operating our
Autonomous Electric Vehicles (AEVs), enabling them to
navigate the underground transit systems independently and
safely. Through machine learning algorithms, our AEVs
learn from each trip they make, continuously improving
their performance, optimizing routes, and minimizing
transit times.
Furthermore, we are leveraging AI&ML for predictive
maintenance. These technologies help identify potential
issues with our vehicles or transit systems before they
become significant problems, thereby reducing downtime
and enhancing the reliability of our services.
On the customer-facing side, we use AI for dynamic
scheduling and route optimization, providing personalized
and efficient service to each passenger.
In the backdrop, ML algorithms assist in analyzing
enormous amounts of data collected from our operations.
This information is used to identify patterns, trends, and
insights that help us to improve our services and make
strategic decisions continuously.
Adapting to this change is a continuous process,
necessitating a culture of learning and innovation in the
company. We invest significantly in our people, upskilling
them to work with these advanced technologies, and we
foster partnerships with tech firms to stay abreast of the
latest developments.
The key to successfully adapting to this technology-driven
change is to make it an integral part of the business strategy.
For Loopway, AI&ML aren't just add-ons; they are central
to our operations and vision for the future.
Outsmarting Obstacles
As innovative and forward-thinking as Loopway is, it has
challenges. The nature of its work–merging advanced AI
technology with underground tunnel infrastructure–comes
with a unique set of hurdles. Here are some of the
challenges that a company like Loopway might face:
www.ciolookindia.com August | 2023
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Ÿ Technological Complexities: Implementing and
maintaining AI-based Autonomous Electric Vehicles
(AEVs) is technically complex. Constant advancements
in AI and ML require ongoing updates to the existing
technology. Moreover, ensuring the AEVs' safe and
efficient operation in underground tunnels' dynamic and
challenging environment is a significant task.
Ÿ Infrastructure Development: Constructing and
maintaining a vast underground transit network can be
daunting and resource-intensive. The construction
process might face numerous challenges, including
geological issues, environmental concerns, legal
restrictions, and high capital costs.
Ÿ Regulatory Hurdles: Loopway could face significant
regulatory hurdles as a pioneer. Laws and regulations
around autonomous vehicles and underground transit
systems can vary greatly by location and often be
ambiguous or non-existent, making compliance a
complex issue.
Ÿ Public Acceptance: Gaining public acceptance for a
relatively new mode of transport is another challenge.
Concerns around the safety, privacy, and reliability of
autonomous vehicles and underground transport
systems can lead to hesitations among potential users.
Ÿ Competition and Market Uncertainty: With the rapid
evolution of the transportation industry, Loopway faces
competition from other underground transit companies
and other modes of transport, including traditional road-
based systems and upcoming concepts like hyperloops
and flying taxis. Predicting market trends and user
preferences in such a dynamic environment can be
difficult.
Ÿ Sustainability and Environmental Impact: Ensuring
the operations are environmentally sustainable is a
significant challenge. This includes minimizing the
environmental impact during the construction of
tunnels, managing energy usage of the AEVs, and
dealing with potential issues such as noise and vibration
from underground operations.
Despite these challenges, with effective leadership and
strategic planning, Loopway has the potential to overcome
these hurdles and successfully establish its innovative
underground transit system. By constantly evolving,
investing in research and development, engaging with
regulators, and building public trust, Loopway can tackle
these challenges head-on.
Tips for Your Entrepreneurial Journey
Venturing into the startup space is an exciting journey filled
with countless learning, growth, and innovation
opportunities. Based on my own experiences, here are some
pieces of advice I would offer to budding entrepreneurs:
Ÿ Passion and Perseverance: It's essential to be
genuinely passionate about the problem you're trying to
solve. There will be hurdles and challenges, but your
passion will keep you motivated and resilient.
Ÿ Validate Your Idea: Before investing time and
resources into your startup, ensure that there's a market
need for your product or service. Conduct thorough
market research, talk to potential customers, and
validate your business idea.
Ÿ Focus on Building a Great Team: Your team is your
biggest asset. Hire people who complement your skills
and share your vision. A diverse, passionate, and skilled
team can be the driving force behind your startup's
success.
Ÿ Embrace Failure: As a startup, you will face failures
and setbacks. Instead of fearing failure, learn from it.
Each failure is an opportunity to learn, iterate, and
improve.
Ÿ Stay Agile and Adaptable: The business environment
is dynamic, and it's crucial to stay flexible. Be ready to
pivot your business model, strategy, or product based on
market feedback and changes.
Ÿ Adopt Technology: Leverage modern technologies like
AI, ML, big data, and more. They can provide valuable
insights, optimize your operations, and give you a
competitive edge.
Ÿ Network: Build relationships with other entrepreneurs,
potential customers, mentors, and investors. Networking
can open doors to opportunities, partnerships, and
valuable advice.
Ÿ Sustainable and Ethical Practices: Lastly, prioritize
sustainability and ethics in your business practices. This
benefits society and the environment and can enhance
your brand's reputation and customer loyalty.
www.ciolookindia.com August | 2023
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Innovative Startups
in the
Transforming
FutureDynamics
the
www.ciolookindia.com August | 2023
(12)
Tech Innovators n an age defined by rapid technological advancement, the
Iworld is witnessing a remarkable transformation driven by
innovative startups in the tech sector. These visionary
entrepreneurs are not just creating innovative solutions; they are
reshaping the very fabric of our future.
In the ever-evolving realm of technology, a wave of innovatively
disruptive startups is reshaping the conventional dynamics of the
industry. These audacious and forward-thinking ventures are not
merely content with existing paradigms; they are challenging the
status quo, reinventing industries, and revolutionizing the way
we live, work, and interact with technology.
In the hallowed halls of the tech industry, a seismic
transformation is underway, and it’s being led by a fearless cadre
of innovatively disruptive startups. These dynamic and forward-
looking ventures are not content with the status quo. Instead,
they are reshaping the very foundations of the tech sector,
ushering in a renaissance of innovation, and rewriting the rules
of competition.
The tech industry, known for its rapid evolution, is witnessing a
tectonic shift led by these daring startups. They defy convention,
challenge established norms, and reimagine possibilities. In this
extended introduction, we embark on a captivating journey into
the heart of this disruptive revolution, exploring how these
startups are not merely rewriting the playbook; they are crafting
a whole new narrative for the tech sector.
The Conventional Tech Landscape
For decades, the tech sector has thrived on innovation, with
industry giants leading the charge. These behemoths have
shaped the landscape with their vast resources, extensive
networks, and global reach.
However, this very success has at times led to complacency,
creating opportunities for startups with audacious visions and
fresh perspectives.
The Genesis of Disruption
Disruptive startups are the phoenix rising from the ashes of
conventional wisdom. Born in the crucible of innovation and
unburdened by legacy systems, they have the freedom to
challenge existing paradigms. They see potential where others
see limitations, and they redefine problems as opportunities
waiting to be seized.
Their innovative spirit extends beyond products and services.
These startups often disrupt traditional business models,
www.ciolookindia.com August | 2023
(13)
embrace unconventional strategies, and forge new
paths to success. Whether it’s the sharing economy
challenging traditional ownership models, or fintech
reimagining the way we manage finances, these
startups are at the vanguard of transformation.
A Symphony of Technologies
In their quest to disrupt, these startups harness a
symphony of cutting-edge technologies. Artificial
intelligence, blockchain, the Internet of Things, and
renewable energy are just a few notes in their
repertoire. They leverage these tools to create
solutions that were once deemed futuristic, changing
how we work, live, and connect.
Disruption Beyond Boundaries
The impact of innovatively disruptive startups
reverberates far beyond the tech sector’s confines.
They alter the competitive landscape, compelling
established players to adapt or risk obsolescence. They
attract investment, infusing vitality into economies
and creating jobs. Moreover, they inspire a culture of
innovation, nurturing a new generation of
entrepreneurs unafraid to challenge convention.
Tech Innovators Revolutionizing Industries
Healthcare: Innovative startups are leveraging
technologies like artificial intelligence (AI) and
machine learning to revolutionize healthcare.
Companies like Zebra Medical Vision are using AI to
analyze medical imaging, detecting diseases at an
early stage and saving lives. Telemedicine platforms
like Teladoc have made healthcare accessible to
millions, transforming the way we receive medical
care.
E-commerce: The e-commerce landscape has evolved
dramatically, thanks to companies like Shopify, which
provide a platform for businesses to thrive online.
Similarly, innovative payment solutions like Stripe
have made it easier for businesses to accept online
payments securely.
Transportation: The way we move from place to
place is undergoing a paradigm shift, thanks to
startups in the transportation sector. Companies like
Uber and Lyft have transformed the ride-sharing
industry, while firms like Waymo are pioneering
autonomous vehicle technology, promising safer and
more efficient transportation.
Education: Edtech startups like Coursera and Udacity
are democratizing education, making high-quality
courses and degrees accessible to anyone with an
internet connection. These platforms are changing the
way we learn and upskill, blurring geographical
boundaries.
Renewable Energy: The fight against climate change
is being championed by startups in renewable energy.
Companies like Tesla are leading the charge with
electric vehicles and energy storage solutions, while
others like Sunrun are making solar energy more
accessible to homeowners.
Tech Startups and Economic Growth
The impact of these tech startups extends well beyond
individual industries. They are powerhouses of
economic growth, creating jobs, attracting
investments, and driving innovation. The emergence
of tech hubs and innovation clusters in cities around
the world, from Silicon Valley to Tel Aviv,
underscores the profound economic influence of these
startups.
Challenges and Opportunities
While tech startups are harbingers of change and
innovation, they also face significant challenges.
Competition is fierce, regulatory hurdles can be
daunting, and the pace of technological advancement
is relentless. However, these challenges also present
opportunities for growth and adaptation, pushing
startups to continuously evolve and improve their
offerings.
The Uncharted Future
Tech startups are the vanguards of innovation, shaping
the future dynamics of our world. Their agility,
creativity, and relentless pursuit of groundbreaking
solutions are ushering in an era of unprecedented
change. As they continue to disrupt traditional
industries, redefine consumer experiences, and drive
economic growth, tech innovators are proving that the
future belongs to those who dare to dream and
innovate.
www.ciolookindia.com August | 2023
(14)
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TODAY
uantum physics is larger than plain science. It is a
Qprofound experience. It allows us to deep-dive into
the intricacies of sub-atomic particles that are the
building blocks of animate, inanimate, and everything in the
known cosmos.
The application of quantum physics is called quantum
technology and one of the classic outcomes of quantum
technologyisaquantumcomputer.
Known for its immense processing power, a quantum
computer can knock-off complex computations in seconds.
But, the angelic benefits of power comes with the devilish
intentof destruction.
Quantum computers in wrong hands have the power to
completely destroy cybersecurity we have used for decades.
Personal, professional, and critical data can be compromised
inablinkof aneye.
Fortunately, the benign powers of quantum physics can nip
theevilintentinthebud.
QuNu Labs Private Limited, (aka QNu Labs) is the pioneer
of quantum technology in India that develops commercially
ready and proven products and assets offering unique value
propositions to government and private enterprises to secure
theirdatainthepreandpost-quantumworld.
Saviourfrom theQuantamania
QNu Labs, founded in 2016, pioneered to build the next
generation of data security products and solutions to protect
confidential data from falling in the hands of malicious actors.
They offer future security against the inappropriate use of
Quantum Computers (QCs) for accessing sensitive data with
longshelflife.
Securing Your Pre and Post-quantum Cyber-cryptographic World
We are a leader in
quantum cryptography
products and solutions
offering security for data
at rest and in transit.
Sharing the firm’s significant achievement, Sunil Gupta, the
Co-founder, and CEO, says, “We have five patents granted
on our technology and several awards and accolades for
innovation and commercialization of indigenous
technology.”
According to Sunil, QNu Labs’ USP is that it offers a hybrid
model where both quantum cryptography (hardware) and
post-quantum cryptography (software) based solutions
leverage the best of both technologies to provide the highest
level of security with the flexibility to adopt the technologies
across industryverticalsanduse cases.
He says, “We are a leader in quantum cryptography
products and solutions offering security for data at rest and in
transit. Being India’s first company with commercially ready
products and solutions in the quantum technology space, we
take pride in saying that we have put India on the Quantum
map of the world and have made India self-reliant in this
www.ciolookindia.com August | 2023
(16)
The Rising Start-up Companies to Watch in 2023
Sunil Gupta,
Co-founder
and CEO
crucial technology which is going to be of immense strategic
importance in the new emerging geopolitical landscape. We
offer a hybrid platform that is adaptive, proven & flexible for
bothquantum-safeandquantum-resilientdeployments.”
QNu Labs caters to telecom, healthcare, banking and finance,
critical infrastructure, federal operations, and other sectors. It
works with Indian Defence and public enterprises to protect
nationalsecrets,confidentialdata,andPII.
The Ripple Effect
Sunil adds that they are working closely with clients to
understand their risks and pain points and identify the relevant
use cases to pilot and deploy QNu Labs’innovative solutions.
He believes that in the post-quantum world, scalable QCs
will potentially break all the existing public and private key
algorithms used everywhere in our daily lives today,
including the internet, messaging, banking, emails, etc. To
ensurethatfuturehackerscannotbreakthecurrentencrypted
data using QCs, QNu Labs built encryption key generation,
distribution, and management products and solutions that will
bequantumsafe.
QNu offers three products and platforms-Quantum Key
Distribution (Armos), Quantum Random Number Generator
(Tropos), and Post Quantum Cryptography platform (Hodos).
Leveraging these products, QNu Labs has built very powerful
andpertinentsolutions,such as
Ÿ Entropyas acloudservice–Qosmos,
Ÿ Quantumsecureremoteaccessworkplace–Qshield,
Ÿ Quantumsecuremessagingplatform–Qverse,and
Ÿ Quantum secure storage for securing keys and encryption
as aservice–Qvault.
These solutions are designed to plug in with the existing
infrastructure easily. Since they don’t require any rip or
replacement, the solutions are viable and cost-effective for
everyone to adopt. The benefits can be realised in just four
weeks.
Sunil assures, “Our solutions save an enterprise millions of
dollars, several months of agony in business disruption, and
future data breaches if they choose to migrate to quantum
secure solutions over the current solution that doubles the key
sizes everytwoyears.”
TechnovativeLeadershipof EntrepreNerds
Sunil is a technology and business leader and entrepreneur
with 35+ years of experience. He specialises in Products and
ProductEngineeringincutting-edgetechnologies.
After graduating in Computer Science from NITTrichy, Sunil
played an instrumental role in building several products and
teams in differentstart-ups and Fortune 500 companiesto help
themquicklygettheirproducts/offeringstomarket.
Sunil is obsessed with new technologies and considers
himself fortunate to have been part of teams building some of
the industry's best products and solutions in cutting-edge
technologies such as satellite communications, multi-media
middleware for smartphones, indigenous switching software,
core banking software, and AI-based cybersecurity platform.
He is devoted to creating highly passionate and focused teams
tobuilddisruptivesolutions.
As the Co-founder and CEO of QNu Labs, Sunil is
responsible for building the vision and strategy of the
company and creating a highly passionate team of
‘EntrepreNerds.’ He is driven to make QNu Labs a
successful Indian deep tech company in quantum technology
that will offer solutions globally. Under his leadership, QNu
Labs has developed India’s first commercially ready
quantum-safe security products and solutions.The outcome is
the consequence of evangelizing mainstream quantum tech
over the last five years. Sunil strongly advocates making
India a powerhouse in quantum skills and quantum
technologies. He envisions placing India at the forefront of
deep technologies in the field of data security using Quantum
technology.
TheTrust Builders
The core team members at QNu Labs have strong credentials,
domain expertise, and experiences that inspire client
confidence.
Sunil says, “Our clients appreciate the passion and
enthusiasm of our leadership team and trust them for their
strong expertise spanning over three decades in each of their
fields–cyber security, communication, and product
engineering.”
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Sunil and the leadership team are seen as trusted advisors by
clients, partners, and other ecosystem players who work
together to evangelize, build standards, and do capability
building.
QNu is an agile company that swiftly responds to changes,
customer inquiries, and project execution. Clients have
appreciated expert guidance, short turnaround times, and
integrityindeliveringonthepromises.
Techno-Phenomenon
Sunil, an experienced leader, opines that modern technologies
such as ML&AI have a phenomenal impact on almost all
industries. The world will soon see different and disruptive
capabilities and solutions which couldn’t have been imagined
a few years ago. He predicts, “We will see AI used on data at
the edge server and devices as more and more data moves to
theedge.”
This will pose a huge security issue for edge devices,
especiallyinthepost-quantumworld thatis alreadyhere.
QNu Labs’ solutions offer future security for data at the edge
devices. “Soon, we will see the quantum security stack
becoming an integral part of the cybersecurity framework and
regulations,”Suniladds.
QNu Labs also plans to leverageAI in a couple of its products
toofferavaluemultiplierinitssolutions.
DecryptingtheChallenges
Sunil admits that during their journey of founding and
developing QNu Labs, they faced several challenges because
they were the pioneers of quantum cryptography tech in India.
But, they chose to conquer the challenges with innovative
solutions.
The team realized that they must prove their technology is
robust and stays true to its promises. “We overcame every
apprehension with exhaustive internal testing and built test
documents and reports for clients to witness. We did several
field trials in real-life scenarios early on to learn and adapt our
products. We also sent our products to international labs to get
an independent evaluation. We also built a sandbox for clients
totestthemselves,”Sunilexplains.
“We put our products and solutions on GeM (Government e-
Marketplace) so that clients can see the specifications, price,
and other documentation before purchase. It built our
confidence and gained our customer’s trust. Listing the
products on the GeM required us to build quality in
manufacturing processes and systems, which eventually
helpedus buildqualityproducts.”
Sunil and his team also offered one of the solutions on the
Amazonmarketplacefor globalclientstobuy asaservice.
For a DeepTech start-up, hiring is always crucial and
paramount. QNu hired some of the best students from top
colleges for internships and later brought them on board. It
ensured that the candidate’s passion and attitude matched the
organisation's culture. This also helped QNu Labs build a
brandinthosecollegesfor furtherhiring.
For a new technology to become mainstream, it requires
building standards and systems. Sunil states, “We overcame
this challenge by working closely with the government in
developing Standards for Generic Requirements for QKD
System.”
TheDeep Sagacity
Sunil quips, “Every startup is different, but if I have to give a
pieceof advice,itwillbe,
Ÿ Choose a highly relevant problem that addresses the pain
areas of a large set of clients/users–the problem should be
realandlargeenoughtosolve.
Ÿ Work closely with early adopters and clients to define
high-value use cases and solutions that your sales team
canpackage,create,sell,andmonetize.
Ÿ Build a passionate core team that can infuse the right
attitude, sense of urgency, and client-centricity in the
company for others to follow–the right team is half the
battlewon.”
SecuringTomorrow
On their road ahead, Sunil divulges that they envision
pursuingtwopathsinthefuture:
The first is moving from ‘Quantum Outside’ to ‘Quantum
Inside’ with Integrated Photonics-based QKD. The future of
Integrated Photonics-based Quantum Key Distribution
(QKD) and QRNG looks promising and holds significant
potential for revolutionizing secure communication and
quantum networking. The miniaturization and robustness of
Integrated Photonics QKD will also make it suitable for
satellite-based applications and IoT devices, which are
extremely vulnerable to attacks. As satellite communication
requirescompactandreliablesystems, thiscanopenup new
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opportunities for secure quantum communication over long
distances, and the mass proliferation of IoT and edge devices
in the next five years will create a massive demand for small
form factor quantum security devices. “We have a
development and investment plan in place to capture this
demand,”heinforms.
The second path is to develop Satellite based QKD-Global
Network for Quantum security anytime and anywhere, as it
has several compelling commercial applications due to its
abilitytoprovidesecureandlong-rangecommunication.
Satellite QKD can offer a secure, long-range communication
solution for remote or inaccessible locations.The government
and defence industries can leverage satellite QKD for secure
communication between satellites, space missions, and
ground control centres. This ensures the confidentiality of
mission-critical data and prevents unauthorized access or data
tampering. Satellite QKD can be employed to establish secure
communication links between different countries or
continents, facilitating secure diplomatic communication and
cooperationinvariousfields.
Present Safeof theFuture
He adds, “Today, we stand at a pivotal juncture, ready to
embark on a transformative global expansion journey for
which we have already initiated discussions with potential
partners in the USA, Middle East, and Europe who share our
vision and can complement our strengths. We have conducted
meticulous market research to identify regions with the
highestdemandfor our solutions.”
Sunil concludes, “Our vision for global expansion is rooted in
our unwavering commitment to Make in India. Make forthe
World.”
ClientsTestimonials:
*“The threat to networks, systems, and data from quantum
attacks is real and worrisome, especially for digital assets. We
chose to work with QNu Labs, the leader in quantum crypto
security for ‘Data at Rest’ and ‘Data in motion.’ Their team
and expertise are exceptional, and they have made our
transition to a quantum-safe environment simple and
seamless.”-CTO, Amechain–World’s first Quantum-secured
decentralizeddigitalassetledger.
*“We were building an enterprise messaging platform and
wanted to use best-in-class data security. We chose QNu Labs
over an IBM company due to the flexibility and high
availability of quantum random numbers as a service offered
by QNu Labs. We have used their service for the last 12
months with 100% uptime.” CEO, Arishti–Quantum Secure
Enterprisemessagingplatform.
*QNu Labs Hallof Fame*
QNu Labs has won several accolades in Innovation,
technology breakthrough, and commercialization of
indigenoustech:
Ÿ Most InnovativeStartup,MatrixStart-upAward 2023.
Ÿ NationalStartupAwards byStartupIndia2023.
Ÿ Pandit Deen Dayal Upadhyay Telecom Skill Excellence
Award 2022.
Ÿ Technology Start-up Award by Ministry of Science and
Technology2022.
Ÿ Raksha Mantri's “Raksha Anveshan Ratn” Award for
Innovation Excellence in Defence and Aerospace Sectors
2022.
Ÿ DSCI’s Most InnovativeProductof theYear2019.
Ÿ NASSCOM’s "Emerge 50" and "League of 10" in Cyber
Securitycategory2019.
Ÿ WinnerofTech30YourStory 2019.
Ÿ CISO Platform-Top3 CybersecurityStartups2019.
Ÿ Winnerof Elevate-AGovt. ofKarnatakaGrant2017.
www.ciolookindia.com August | 2023
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Innovative
Startups
Rehmat
Enterprises
Where Skincare Ascends to
Unprecedented Heights of Rare Fame
Ms Roop Handa
Director (Rare Fame)
Rehmat Enterprises Pvt. Ltd.
The mirror reflects more than just our external
beauty; it reveals our inner well-being. When we
witness our reflection radiating with vitality, we
embrace our strength, confidence, and unwavering
determination to pursue our aspirations. It serves as a
constant reminder that our beauty encompasses not only our
physical appearance but also our inner resilience and the
potential to make our dreams a reality.
Embarking on a mission to enhance your beauty like
celestial stars illuminating the night sky, Rehmat
Enterprises introduces a brand that elevates your skincare
journey to extraordinary heights. Rare Fame captures the
essence of indulgence and invites you to immerse yourself
in a luxurious skincare experience.
Rare Fame is an emerging leader in the realm of skincare,
committed to revolutionizing the industry with its exquisite
range of products. According to the Director, Ms Roop
Handa, Rare Fame's relentless pursuit of excellence,
emphasis on utilizing the finest natural ingredients, and
unwavering dedication to customer satisfaction have
propelled the brand to new heights.
Uncompromising Quality: Rare Fame is dedicated to
providing skincare products of unparalleled quality. They
understand that skincare is more than just surface-level
beauty and prioritize the nourishment and well-being of the
skin.
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Embracing the Power of Nature: By minimizing the
reliance on harsh chemicals, their products allow the skin to
breathe and regenerate naturally. Roop affirms, “Our
commitment to incorporating nature's gifts enables us to
create skincare solutions that deliver visible and enduring
results.”
Pioneering Innovation and Scientific Breakthroughs:
Rare Fame leads the way in skincare innovation through
their unwavering commitment to exploring the frontiers of
scientific research. Roop and her team of experts are driven
by a passion for uncovering new ingredients, technologies,
and formulations that target specific skincare challenges.
Putting Customers First: Rare Fame places the utmost
importance on fostering meaningful connections with their
valued customers. Rare Fame genuinely values customer
feedback and actively seeks input to enhance their products
and services, constantly striving to exceed expectations and
deliver an exceptional skincare experience.
Positioning as a Rising Solution Provider:
Rare Fame has swiftly emerged as a rising solution provider
in the skincare industry, positioning itself as a brand of
choice for discerning customers. The key factors
contributing to its success are:
• Reputation for Excellence: Rare Fame has built a
reputation for excellence through its commitment to quality
and innovation. Their customers trust them to deliver
products that meet their expectations and deliver
exceptional results. This trust has allowed them to gain a
loyal customer base and positive word-of-mouth
recommendations.
• Embracing Sustainability: Rare Fame is conscious of its
environmental impact and takes steps to promote
sustainability. Roop adds, “We strive to minimize waste,
use eco-friendly packaging materials, and support ethical
sourcing practices. Our commitment to sustainability
resonates with eco-conscious consumers, further enhancing
our brand reputation.”
• Collaborations and Partnerships: Rare Fame has forged
strategic collaborations and partnerships with influencers,
skincare experts, and beauty professionals. These alliances
have helped them expand their reach, engage with a wider
audience, and gain credibility in the industry. By
collaborating with trusted voices in the skincare
community, they position themselves as a brand endorsed
by experts.
• Market Expansion and Global Reach: Rare Fame is
expanding its presence in local and international markets.
Roop says they have developed a robust distribution
network, enabling their products to reach customers across
various regions. Their focus on global expansion has helped
them tap into new markets and cater to diverse skincare
needs.
Rare Fame is committed to quality, natural ingredients,
innovation, and customer satisfaction.
Redefining Skincare Excellence in a Competitive
Landscape
In the cutthroat skincare world, Rare Fame has emerged as
a standout brand with its exceptional offerings and unique
approach. With a firm commitment to quality, innovation,
and customer satisfaction, Rare Fame sets itself apart by
gaining a competitive edge in the market.
Exceptional Product Portfolio:
At the core of Rare Fame's success lies its exceptional
product portfolio. It offers diverse skincare products, each
meticulously formulated to deliver outstanding results.
The Plethora of Products and Categories Include:
24K Gold Face Serum–This serum has gained popularity
in the skincare industry due to its potential benefits, such as
anti-aging properties, increased collagen production,
improved blood circulation, brightening effect, hydration,
moisture retention, soothing and calming properties, and
enhanced product absorption.
Beetroot Face Serum-This serum has gained attention in
the skincare world for its potential benefits, including
brightening and radiance, antioxidant protection, hydration,
moisture retention, anti-inflammatory properties, improved
complexion, nutrient boost, and detoxification.
Radiance Glow Face Cream-The Radiance Glow Face
Cream offers several benefits for the skin, including
hydration and moisture, nourishment and vitality, skin
radiance, smoother and softer skin, antioxidant protection,
lightweight and non-greasy texture, suitability for all skin
types, and enhanced elasticity.
The Rising Start-up Companies to Watch in 2023
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Pure Rose Glow Serum-The Pure Rose Glow Serum has
long been appreciated for its potential benefits in skincare,
such as hydration and moisture, soothing and calming
properties, antioxidant protection, brightening and even
skin tone, anti-aging effects, balancing and toning, and
aromatherapy benefits.
SPF 50++-Remember that individual results may vary, and
it's always recommended to perform a patch test before
using any new skincare product. Additionally, it's important
to follow a consistent skincare routine and protect your skin
from sun damage with Rare Fame SPF 50++ Face Spray for
optimal results.
Innovation and Advanced Formulations:
Rare Fame thrives on innovation and continuously pushes
the boundaries of skincare. It invests in extensive research
and development to stay at the forefront of industry
advancements. Roop says, “Our commitment to innovation
allows us to offer customers groundbreaking solutions for
their skincare needs.”
Commitment to Clean and Sustainable Beauty:
Rare Fame is committed to clean and sustainable beauty
practices. Roop says they understand the importance of
using safe and non-toxic ingredients that deliver results and
prioritize the health of the skin and the environment. Their
products are free from harmful chemicals, parabens,
sulfates, and synthetic fragrances.
Brand Reputation and Trust:
Rare Fame has become synonymous with quality, efficacy,
and integrity in the skincare industry. Our brand is trusted
by a wide range of customers, from skincare professionals
to beauty influencers. The positive reviews, testimonials,
and word-of-mouth recommendations we receive have
played a crucial role in our continued growth and increased
brand recognition.
Strategic Partnerships and Collaborations:
Rare Fame understands the significance of strategic
partnerships and collaborations in today's competitive
skincare industry. These alliances not only expand their
reach but also provide them with a platform to showcase
their commitment to excellence and customer satisfaction.
The Beauty with the Rare Fame:
Having a wealth of experience in the skincare industry,
Roop spent years honing her skills and knowledge,
immersing herself in the world of beauty and skincare. Her
journey began with a deep-rooted passion for helping
people achieve healthy and radiant skin.
Throughout her career, Ms Roop Handa made notable
contributions to the industry. She's researched and studied
extensively, staying abreast of the latest scientific
advancements and skincare trends. This commitment to
continuous learning has allowed them to create innovative
formulations and products that deliver exceptional results.
Her expertise goes beyond product development. She also
excelled in understanding consumer needs and preferences.
They have conducted extensive market research, analyzed
customer feedback, and engaged with skincare enthusiasts
to gain insights into their desires and challenges. This
customer-centric approach has enabled Rare Fame to
develop products tailored to the specific needs of its target
audience.
She played a pivotal role in establishing strategic
partnerships and collaborations. She forged alliances with
renowned dermatologists, skincare experts, and influencers,
further enhancing the brand's credibility and reach. These
collaborations have enabled Rare Fame to tap into a wider
audience and gain valuable endorsements from industry
professionals.
Rare Fame: Where luxury meets
excellence, and beauty becomes an art.
We strive to create skincare products that
redefine standards, inspire confidence, and
nurture the true essence of beauty. With
passion and innova on as our guiding
lights, we invite you to embark on a
journey of rare and extraordinary
skincare experiences.
Ms Roop Handa
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Through her leadership, Roop fostered a culture of
innovation and excellence within the company. She
assembled a team of skilled professionals who share their
vision and dedication to crafting exceptional skincare
products. This collaborative environment has led to
breakthrough formulations that address various skin
concerns and deliver remarkable results.
Rare Fame's success can also be attributed to its
commitment to ethical practices. Roop ensures the brand
adheres to sustainable sourcing, responsible manufacturing
processes, and cruelty-free practices. This conscious
approach resonates with customers who seek products that
align with their values.
Revolutionizing the Beauty Industry with Cutting-edge
Technology
Embracing the transformative potential of modern
technologies such as AI&ML, Rare Fame is at the forefront
of innovation in the beauty industry. Roop, a visionary
leader, recognizes the profound impact these technologies
have on startups.
At Rare Fame, AI and ML algorithms are integrated into
their core operations. These cutting-edge technologies
enable them to analyze customer feedback, preferences, and
purchasing behavior in real-time. From personalized
product recommendations to customized skincare regimens,
Rare Fame leverages technology to provide an unparalleled
beauty experience.
Operational Efficiency: At Rare Fame, they have
implemented AI-powered chatbots to handle customer
inquiries and provide real-time support. It improves
response times and allows the team to focus on more
complex, value-added tasks.
Data Analysis and Decision-making: At Rare Fame, they
utilize ML algorithms to analyze market trends, customer
feedback, and competitor insights, helping them identify
emerging skincare trends and make informed product
development and marketing decisions.
Innovation and Product Development: At Rare Fame,
they are continually exploring the potential of AI&ML in
developing advanced skincare formulations, leveraging
data-driven insights to create products that deliver
exceptional results.
At Rare Fame, they have committed to investing in talent
development and providing ongoing training to their team
members in AI. By upscaling their workforce, Roop ensures
they have the necessary expertise to leverage these
technologies effectively and stay ahead of the curve. They
also actively seek collaborations with technology providers
and research institutions to leverage their expertise and gain
access to state-of-the-art AI&ML tools and methodologies.
At Rare Fame, they adhere to strict data privacy and
security protocols, ensuring customer data is protected and
used responsibly.
www.ciolookindia.com
The global workplace is undergoing a profound
transformation, and at the heart of this change are
innovative startups that are rewriting the rules of work
culture. In the wake of a digital revolution, economic shifts,
and a new generation entering the workforce, these modern
startups are pioneering novel approaches to work that
challenge traditional norms and inspire a more adaptable,
inclusive, and fulfilling work experience.
In the wake of the digital age, a groundbreaking
transformation is sweeping across the global work
landscape, and it’s being propelled by the disruptive force
of modern startups. These innovative enterprises are
rewriting the rules of work culture, challenging age-old
norms, and introducing a brave new world of employment
dynamics.
The Traditional Paradigm of Work Culture
For centuries, work culture adhered to a well-defined
structure. Employees commuted to offices, adhered to fixed
schedules, and navigated hierarchical organizational
structures. But with the rise of modern technology,
globalization, and shifting demographics, this traditional
paradigm of work culture has been undergoing a profound
metamorphosis.
Let us embark on a journey to explore how modern startups
are shaping the future of work cultures on a global scale.
We’ll delve into the disruptive forces at play, the innovative
practices they champion, and the impact these changes are
having on both employees and organizations. It’s a glimpse
into a world where flexibility, purpose, and creativity reign
supreme, redefining what it means to work in the 21st
century.
The Digital Age Transformation
The advent of the digital age has obliterated geographical
boundaries, allowing work to transcend physical locations.
How are
How Modern Startups are
Redefining the
GlobalWork Cultures?
The internet, cloud computing, and collaboration tools have
given rise to the concept of remote work, enabling
employees to work from anywhere in the world.
The Changing Landscape of Work
The past few decades have witnessed a seismic shift in how
work is perceived and conducted. The rise of the gig
economy, remote work, and the pursuit of work-life balance
have challenged traditional notions of employment.
Today, work isn’t just a place we go; it’s something we do,
and startups are at the forefront of this evolution.
Embracing Remote Work
One of the most significant transformations modern startups
are leading is the embrace of remote work. Enabled by
technology, remote work offers employees the flexibility to
work from anywhere, transcending geographical
boundaries. Companies like Buffer and GitLab have
adopted a fully remote work model, demonstrating that it’s
possible to operate efficiently without a physical office.
Flexibility and Work-life Integration
Startups are challenging the rigid 9-to-5 workday and
offering employees flexibility to set their own schedules.
This approach empowers workers to better balance their
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professional and personal lives, fostering a more
harmonious and productive work environment. The
emphasis is no longer on where or when work is done but
on the quality of the output.
Purpose-driven Work
Millennials and Gen Z, who form a significant portion of
the workforce, prioritize meaningful work. Startups often
align their missions with social or environmental causes,
attracting talent driven by purpose. As a result, employees
feel a deeper connection to their work, leading to increased
job satisfaction and engagement.
Innovations in Work Culture
Modern startups are not just changing where and when
work happens; they are also reimagining how work is
structured, fostering a culture of innovation and creativity.
Flatter Organizational Structures
Traditional hierarchies are giving way to flatter, more agile
organizational structures. Startups prioritize collaboration,
transparency, and open communication, allowing
employees to contribute their ideas and expertise more
freely.
Continuous Learning and Upskilling
In today’s rapidly evolving tech landscape, startups
recognize the importance of continuous learning. Many
offer employees’ opportunities for upskilling and
professional development, empowering them to stay
relevant in a dynamic job market.
Well-being and Mental Health
Startups are increasingly attuned to the mental health and
well-being of their employees. Initiatives such as mental
health support, wellness programs, and flexible time off
policies contribute to a healthier and more resilient
workforce.
Impact on the Global Workforce
The influence of modern startups extends far beyond their
immediate environments. Their innovative approaches to
work culture are setting a new standard, encouraging
established companies to adapt or risk losing talent to more
progressive workplaces.
A Global Talent Pool
Remote work policies have expanded the talent pool,
allowing startups to tap into a global workforce. This
diversity of perspectives and experiences contributes to
increased creativity and innovation.
A Blueprint for the Future
Modern startups are setting a precedent for the future of
work. As the boundaries between work and life continue to
blur, employees are demanding greater flexibility, purpose,
and well-being from their employers.
Modern startups are the architects of a new era in work
culture, one defined by adaptability, inclusivity, and a
commitment to purpose-driven work. As they continue to
challenge established norms, they inspire a broader shift in
how we perceive and experience work. The future of work,
as unveiled by these startups, is a world where individuals
are empowered to work on their terms, pursue meaningful
endeavours, and thrive both personally and professionally.
As we navigate the ever-changing landscape of work, these
startups serve as guiding lights, illuminating a path towards
a more fulfilling and innovative future.
Future Unveiled
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Romit Mevada,
Founder & CEO,
and Darshan Swami,
Co-founder and CTO
Magicking Story
Duniya–Children’s
Own OTT World
Story Duniya, a
pioneering
video/audio based
app, has emerged
as a leading
solution provider,
catering to children
aged 12 and under.
ur children are our future in every sense. We wish
Oto pass on not only everything materialistic we
possess to them but also whatever wisdom we
gained by being rooted in the Indian cultural ethos. Of
course, they will learn lessons of their life in their own
times, no doubt. But we want to re-establish the broken link
or strengthen the thin bond if it exists. The bond with one’s
original cultural identity in a hyper-connected multicultural
global ocean of diversity.
Using the advanced EdTech, Rumbum Software Services
is already solidifying the next-gens connect with incredible
Indian culture. Romit Mevada, the Founder and CEO,
and Darshan Swami, Co-founder and CTO, welcome you
all to…
Story Duniya: Baccho Ka Apna OTT
In today's digital age, everything is going virtual. Yet,
nurturing a love for reading and preserving cultural values
among children is of paramount importance. Story Duniya,
a pioneering video/audio based app, has emerged as a
leading solution provider catering to children aged 12 and
under. This comprehensive platform not only offers a vast
library of high-quality animated books but also strives to
impart Indian culture and values to young readers.
With personalised recommendations, multilingual learning
options, motivational features, and an affordable subscrip-
tion plan, Story Duniya has garnered immense popularity
among parents and educators alike. Romit and Darshan
share the Unique Selling Points (USPs) that have positioned
Story Duniya as a rising force in the world of digital
animated stories, fostering a strong foundation for children's
personal growth and cultural awareness.
Diverse Library of High-quality Animated Books: Story
Duniya prides itself on its extensive library of animated
books that spans various genres and themes. From ancient
mythologies and traditional fables like Panchatantra and
Akbar-Birbal to contemporary tales like Gauri and graphic
rhymes, the platform offers a rich and diverse collection of
stories. These captivating narratives cater to different
interests and age groups, ensuring every child finds content
that resonates with them. The high-quality animations and
engaging visuals further enhance the reading experience,
making it both entertaining and educative.
Regular Updates and Personalised Recommendations:
To keep the reading experience fresh and exciting, Story
Duniya continuously updates its library with new stories
The Rising Start-up Companies to Watch in 2023
every week. This commitment to regular content refresh-
ments ensures that children always have something new to
explore. Moreover, the platform leverages cutting-edge
technology to provide personalised book recommendations
based on a child's reading level and interests. By tailoring
the content to individual preferences, Story Duniya
enhances the child's engagement with the stories, fostering
a deeper love for reading.
Multilingual Learning Experience: One of Story Duniya's
key differentiators is its focus on promoting Indian culture
and values through multilingual learning options. The
platform supports multiple Indian languages, including
English, Hindi, and Gujarati, with plans to introduce more
languages in the future.
This multilingual approach not only allows children to read
in their preferred language but also nurtures a connection
with various Indian traditions and regional folktales. By
providing content in local languages, Story Duniya enables
children to retain and celebrate their cultural heritage.
Affordable Subscription Plan: Story Duniya understands
the importance of accessibility to quality educational
content. To this end, the platform offers an affordable
subscription plan priced at just ₹299/year—this nominal
fee grants subscribers unlimited access to the entire library,
including all new releases each week. The cost-effective
subscription model ensures that a wide range of families
can afford the enriching experience of Story Duniya,
regardless of their economic background.
Motivational Features for Enhanced Learning: Recog-
nising the importance of motivating young readers, Story
Duniya incorporates a system of rewards and badges.
Children earn badges and rewards as they progress through
the stories, achieving milestones in their reading journey.
This gamified approach fosters a sense of accomplishment
and inspires children to read more actively. The motiva-
tional features not only make the reading experience
enjoyable but also instil a sense of responsibility and
dedication to personal growth.
Pandora’s Learning Library
Story Duniya's commitment to nurturing young minds
through culturally immersive stories and engaging content
sets it apart as a rising solution provider. “With a diverse
library of high-quality animated books, personalised
recommendations, multilingual learning options, an
affordable subscription plan, and motivational features, we
www.ciolookindia.com August | 2023
(29)
continue to gain popularity and trust among parents and
educators,” reveals Romit, a dynamic and visionary
entrepreneur who embarked on his professional journey
after completing his Master of Computer Application
degree. In 2011, he delved into mobile app development,
showcasing a strong passion for software engineering. Over
the next seven years, Romit honed his skills while working
with various startups, gaining valuable experience in the
industry.
Driven by his unwavering enthusiasm for animation and
Indian tales, Romit's passion led him to establish a software
development service agency-Rumbum Software. The
company thrived and achieved significant success with his
exceptional leadership and dedication.
Tale of the Two Wizards
In 2022, Romit, fueled by his deep passion for nurturing
young minds and promoting Indian culture, took a signifi-
cant step forward. He Co-founded Kids OTT platform
called "Story Duniya." This unique venture aimed to
provide children with a safe and immersive digital animated
story platform. Through Story Duniya, Romit aspired to
offer a treasure trove of captivating tales that entertained
and imparted valuable cultural knowledge and values to
young readers.
“Not only that but by investing in the education and
personal growth of children, we aspire to mould them into
individuals with strong values and a deep appreciation for
Indian culture,” says Darshan, an accomplished Backend
developer who initiated his career in 2011 after completing
his B.E. In the years that followed, he demonstrated
remarkable skill and expertise in the technological domain,
showcasing a keen interest in innovations that could
contribute to making the world a better place.
In 2015, Darshan crossed paths with Romit, and the two
innovative minds found synergy in their shared passion for
technology and software development. In 2018, they joined
forces to co-found Rumbum Software, a thriving software
development service agency.
With his proficiency in backend development and a deep
understanding of technological advancements, Darshan
played a pivotal role in elevating Rumbum Software's
capabilities, delivering top-notch solutions to their clients.
When Romit envisioned the launch of Story Duniya,
Darshan wholeheartedly embraced the idea. Together, they
worked diligently to bring the Kids OTT platform to life,
leveraging their technical acumen and dedication to create a
captivating and culturally enriching experience for children.
Tech-enchantment
“Embracing technology to disseminate the treasures of
literature and culture, we, through Story Duniya, paved the
way for a brighter and more enlightened generation,” says
Romit and Darshan together.
Adopting technologies like AI&ML can transform startups
by enhancing efficiency, data-driven decision-making, and
personalisation. Rumbum Software, led by Romit and
Darshan, is adapting by integrating AI into its products,
using data analytics, and staying updated with tech trends.
Emphasising customer experiences and scalability, they
collaborate with AI experts for innovative solutions, gaining
a competitive edge in the dynamic startup space.
The collaborative efforts of Romit and Darshan have been
instrumental in the success of Story Duniya and its parent
company, Rumbum Software. Their passion for software
engineering and unwavering commitment to promoting
Indian culture and values through engaging animated
stories have set the stage for Story Duniya to excel in its
niche. With Romit's visionary leadership and Darshan's
technological expertise, Story Duniya has emerged as a
rising force in the industry, catering to young readers and
nurturing their love for literature and cultural heritage.
Duelling Challenges
In the dynamic landscape of digital animated stories, Story
Duniya, spearheaded by Romit, faces challenges such as
keeping up with technological advancements, adapting to
changing reader preferences and ensuring data security.
Romit informs, “To overcome these obstacles, we prioritise
continuous learning, maintaining a reader-centric
approach, and implementing stringent security measures.”
While Darshan adds, “Attracting and retaining top talent is
vital, and we foster a supportive work environment.” Agile
project management enables efficient content delivery while
maintaining high-quality standards.
Embracing innovation and conducting thorough research
enable them to present captivating and culturally enriching
tales, positioning Story Duniya for sustained growth and
excellence in the competitive market.
www.ciolookindia.com August | 2023
(30)
Words for the Wise
Romit says, “To budding entrepreneurs, my advice is:
follow your passion, thoroughly research the market, build
a strong team, embrace innovation, and prioritise customer
satisfaction. Stay agile, manage finances wisely, and never
stop learning. Believe in your vision, persevere through
challenges, and realise your startup dreams.”
Future’s Time Travellers
According to Darshan, in the future, Story Duniya envisions
scaling its brand by expanding the content library with
diverse Indian stories and introducing more regional
languages. He divulges, “We plan to collaborate with
authors and creators to enhance our offerings and invest in
AI to improve personalised recommendations.”
Darshan adds, “Global expansion is on our horizon.”
Reaching young readers worldwide, while interactive
learning features and educational partnerships will make the
platform more engaging and valuable, feels Romit, who
concludes by saying that their diversifying subscription
plans to cater to different customer needs will further
contribute to Stori Duniya and Rumbum Software’s growth
and success.
Startups
www.ciolookindia.com I N D I A

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The Rising Start-up Companies to Watch in 2023.pdf

  • 1. Vol-08 | 2023 www.ciolookindia.com Tech Innovators Innova ve Startups in the Tech Sector Transforming the Future Dynamics Future Unveiled How Modern Startups are Redefining the Global Work Cultures? + The Rising Start-up Companies to Watch in 2023
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  • 5. UNVEILING THE UPRISING ENTREPRENEURIAL UPSTART s the entrepreneurial landscape continues to evolve Aand innovate, a new generation of dynamic and forward-thinking startups has emerged, poised to make a significant impact on various industries. In this compilation, we present a curated selection of Indian startups that have captured attention and imagination with their groundbreaking ideas, disruptive solutions, and unwavering determination. Welcome to our exclusive showcase of “The Rising Start- up Companies to Watch in 2023.” These startups embody the spirit of innovation and resilience, harnessing cutting- edge technologies, novel business models, and a fresh perspective to address both longstanding challenges and emerging opportunities. In an era where agility, adaptability, and creativity are paramount, these startups have demonstrated their ability to not only navigate complexities but to thrive amidst them. Their stories are a testament to the power of bold ideas, collaborative efforts, and a deep commitment to creating value in today's rapidly changing landscape. As you delve into the profiles of these rising stars, you will discover the journeys of entrepreneurs who dared to dream, dared to disrupt, and dared to reimagine the status quo. While this compilation provides a glimpse into their achievements and aspirations, it's essential to recognize that the startup journey is an ongoing one, filled with challenges, triumphs, and the unpredictability that defines entrepreneurship. While we present these startups as ones to watch in the future, we encourage you to view this as a starting point for exploring the vibrant and dynamic startup ecosystem in India. As you explore these profiles, we invite you to consider the innovative solutions, the impact they are poised to make, and the potential they hold to shape the future of various industries. Gaurav Wankhade
  • 6. 08 Loopway Revolu onary Underground System of the World’s First Mul -mode Rapid Transit CONT 16 22 28 QuNu Labs Private Limited Rehmat Enterprises Rumbum Software Service Securing Your Pre and Post-quantum Cyber-cryptographic World Where Skincare Ascends to Unprecedented Heights of Rare Fame Magicking Story Duniya–children’s Own OTT World CONT
  • 7. ARTICLES 12 26 TENT TENT Tech Innovators Innova ve Startups in the Tech Sector Transforming the Future Dynamics Future Unveiled How Modern Startups are Redefining the Global Work Cultures?
  • 8. CONTENT DESIGN Visualizer : Sandeep Tikode Art & Design Director : Rashmi Singh Sr. Graphic Designer : Sameen Arif SALES Sr. Vice President : Swapnali Vasaikar Sr. Sales Manager : Tejaswini Whaval Team Leader : Suraj Gadekar BDE : Veena Nayak TECHNICAL August, 2023 Copyright © 2023 CIOLOOK India, All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from CIOLOOK India. Reprint rights remain solely with CIOLOOK India. FOLLOW US ON www.twitter.com/ciolookindia www.facebook.com/ciolookindia/ WE ARE ALSO AVAILABLE ON Email sales@ciolookindia.com For Subscription www.ciolookindia.com CONTACT US ON Pooja M. Bansal Editor-in-Chief sales@ciolookindia.com I N D I A SME-SMO Technical Head : Prachi Mokashi Technical Specialist: Rajeshwari Avhad Technical Consultant : Tanaji Fartade Research Analyst : Renuka Kulkarni SEO Lead : Nikita Khadalkar Assisting Editor: Prajakta Zurale Managing Editor: Gaurav PR Wankhade Cover Price: Rs.300/- Vol-08 | 2023 www.ciolookindia.com Tech Innovators Innova ve Startups in the Tech Sector Transforming the Future Dynamics Future Unveiled How Modern Startups Are Redefining the Global Work Cultures? + The Rising Start-up Companies to Watch in 2023
  • 9. Brief Featuring Tanya Jawa, Founder Healthy Minds Healthy Lives Founded by Tanya Jawa, an RCI Registered Clinical Psychologist, and awarded as one of the best mental health startups, Healthy Minds Healthy Lives is a leading provider of inclusive and ethical mental health services. Company Indrasena Varakantham, Founder Sunil Gupta, Co-founder and CEO Ms Roop Handa, Director Romit Mevada, Founder & CEO and Darshan Swami, Co-founder & CTO Loopway QuNu Labs Private Limited, aka QNu Labs Rehmat Enterprises Pvt. Ltd. Rumbum Software Services Private Limited–Story Duniya Loopway aims to bring a change in everyday transport system, by building a Multi-mode Underground Transit System specifically designed using micro tunnels for Right of Way (ROW), Autonomous Vehicles, Electric Vehicles, and V2I Platforms. QuNu Labs (QNu Labs) is the pioneer of quantum technology in India developing commercially ready and proven products and assets offering unique value propositions to government and private enterprises to secure their data in the pre & post-quantum world. Rehmat Enterprises introduces a brand-Rare Fame that captures the essence of indulgence and invites you to immerse yourself in a luxurious skincare experience. Rumbum Software Services' Story Duniya, a pioneering video/audio based app, has emerged as a leading solution provider catering to children aged 12 and under. The Rising Start-up Companies to Watch in 2023
  • 10. oing from point A to point B, how many ways are Gthere to choose from? I know, millions. You know that, of course. Nonetheless, how many ways of transport are available to you? Again, you know Four: Airways, Waterways, Roadways, and Railways. Are you seeing the big drop from millions to four? Okay, in an urban setting, going from your home to your office/anywhere else, how many modes of transport are available to you? Let us think–personal vehicle; cab/rick, any other mass transport including bus or train. Final choices, only four and full of traffic jams, accident oriented, time-consuming, crowded, uncomfortable, frustrating, and ridden with many predictable or unforeseen interruptions and delays. Do you think, yes? Then, you must rethink. The fifth most efficient, time-bound, sustainable, and profoundly awesome choice is Loopway–redefining urban mobility by reshaping the course of history. Let me, Indrasena Varakantham, the Founder, welcome you to experience the future of transportation with our Underground Autonomous Electric Vehicle Network. The Fifth Dimension At Loopway, we are revolutionizing urban transportation with our cutting-edge underground transport system powered by Autonomous Electric Vehicles (AEVs). Unlike conventional solutions, our complete end-to-end approach covers everything from meticulous planning and tunnel construction to providing state-of-the-art autonomous vehicles and seamless system operation. The Rising Start-up Companies to Watch in 2023 Revolu onary Underground System of the World’s First Mul -mode Rapid Transit Key features that set Loopway apart: Ÿ Unmatched Efficiency: Our underground system bypasses surface traffic, ensuring fast and efficient commuting even during peak hours, saving valuable time for passengers. Ÿ Eco-friendly Innovation: With AEVs running on clean electric energy, Loopway reduces carbon emissions and builds a sustainable future for urban environments. Ÿ Uninterrupted Mobility: By operating underground, Loopway is immune to weather conditions and external disruptions, guaranteeing reliable transportation year- round. Ÿ Advanced ADAS Integration: Our AEVs boast cutting-edge Advanced Driver Assistance Systems (ADAS), enhancing safety and minimizing accidents for a secure ride every time. Ÿ Private Funding–Public Benefit: Loopway operates primarily through private investment, minimizing reliance on government funds and delivering a cost- effective, accessible transit system. Triumphantly Transcending Times At Loopway, we proudly offer a comprehensive and innovative solution to urban transportation challenges through our underground transport system using Autono- mous Electric Vehicles (AEVs). Our firm stands out in the cutthroat competition for several key reasons: Ÿ Complete End-to-End Solution: Loopway provides a holistic approach to urban transportation. From the initial planning and design of underground tunnels to deploying AEVs and efficiently operating the entire system, we handle every aspect of the project. This turnkey solution ensures a seamless and optimized experience for our clients and their users. Loopway www.ciolookindia.com August | 2023 (8)
  • 11. Indrasena Varakantham, Founder At Loopway, we are revolu onizing urban transporta on with our cu ng-edge underground transport system powered by Autonomous Electric Vehicles (AEVs). Indrasena Varakantham–An Extremely Multitalented Leader With a career of over 16 years, Varakantham has evolved from a Software Developer to a Director of IT, demonstrating an impressive progression. His tenure across diverse sectors such as Logistics, Finance, Security, and Communications has equipped him with cross-industry knowledge and multifaceted perspectives. As the Director of IT for billion-dollar companies, he leveraged his compre- hensive experience and strategic thinking to drive digital transformations, enhance operational efficiency, and deliver innovative tech-driven solutions. Parallel to his IT career, Varakantham has been deeply involved in his family business in the Tunnelling industry for about 20 years. The family business has been operational for 35 years, contrib- uting to numerous mines and hydro-projects across India. This experience has given him profound insights into the intricacies of tunnel construction, project management, and operations in challenging underground environments. Combining his diverse experiences and leveraging his deep knowledge from the IT and tunnelling industry, Varakantham started Loopway, an innova- tive company revolutionising underground transit systems using Autonomous Electric Vehicles (AEVs). www.ciolookindia.com
  • 12. Ÿ Technological Advancement: Our AEVs have state-of- the-art technology, including advanced AI-powered autonomous systems, precise route mapping, and cutting-edge ADAS features. Integrating these technologies ensures safe, efficient, and reliable transportation within urban environments. Ÿ Environmentally Conscious: Loopway is committed to sustainability and reducing the carbon footprint of urban transportation. By relying on electric vehicles and an underground network, we significantly decrease greenhouse gas emissions and contribute to cleaner and greener cities. Ÿ Unmatched Efficiency and Reliability: Traditional surface-based transportation often faces challenges like traffic congestion and weather-related disruptions. However, our underground AEV network remains unaffected by these factors, providing uninterrupted service with minimal delays. This reliability sets us apart as a dependable transportation solution. Ÿ Cost-effective Private Funding Model: Loopway operates primarily through private investments, reducing the burden on public finances. Our cost- effective approach ensures we can deliver a world-class transportation system without heavily relying on government funding. Ÿ Scalability and Flexibility: Our underground transport system is designed with scalability. As urban populations grow and demand for efficient transportation rises, Loopway's flexible infrastructure can adapt and expand to meet the evolving needs of different cities. Ÿ Safety First: Safety is our top priority at Loopway. Our AEVs undergo rigorous testing, and our system incorporates multiple layers of fail-safes and redundancies to ensure passenger safety at all times. Ÿ Collaborative Partnerships: Loopway fosters collaborative partnerships with city authorities, stakeholders, and local communities. Working hand-in- hand with cities, we tailor our solutions to address specific transportation challenges unique to each location. Ÿ Customer-centric Approach: We strongly emphasise understanding the needs of our clients and their users. By gathering feedback and continuously improving our services, we provide an unparalleled customer experience. Techno-Startup As a leader navigating the confluence of multiple industries, I see the adoption of modern technologies like Artificial Intelligence (AI) and Machine Learning (ML) as a significant game-changer, especially in the startup space. AI&ML technologies democratise business capabilities, levelling the playing field for startups to compete with established companies. They help startups to scale faster, optimize operations, personalize customer experiences, make data-driven decisions, and innovate their offerings. In the context of Loopway, these technologies are crucial to our business model. AI plays a vital role in operating our Autonomous Electric Vehicles (AEVs), enabling them to navigate the underground transit systems independently and safely. Through machine learning algorithms, our AEVs learn from each trip they make, continuously improving their performance, optimizing routes, and minimizing transit times. Furthermore, we are leveraging AI&ML for predictive maintenance. These technologies help identify potential issues with our vehicles or transit systems before they become significant problems, thereby reducing downtime and enhancing the reliability of our services. On the customer-facing side, we use AI for dynamic scheduling and route optimization, providing personalized and efficient service to each passenger. In the backdrop, ML algorithms assist in analyzing enormous amounts of data collected from our operations. This information is used to identify patterns, trends, and insights that help us to improve our services and make strategic decisions continuously. Adapting to this change is a continuous process, necessitating a culture of learning and innovation in the company. We invest significantly in our people, upskilling them to work with these advanced technologies, and we foster partnerships with tech firms to stay abreast of the latest developments. The key to successfully adapting to this technology-driven change is to make it an integral part of the business strategy. For Loopway, AI&ML aren't just add-ons; they are central to our operations and vision for the future. Outsmarting Obstacles As innovative and forward-thinking as Loopway is, it has challenges. The nature of its work–merging advanced AI technology with underground tunnel infrastructure–comes with a unique set of hurdles. Here are some of the challenges that a company like Loopway might face: www.ciolookindia.com August | 2023 (10)
  • 13. Ÿ Technological Complexities: Implementing and maintaining AI-based Autonomous Electric Vehicles (AEVs) is technically complex. Constant advancements in AI and ML require ongoing updates to the existing technology. Moreover, ensuring the AEVs' safe and efficient operation in underground tunnels' dynamic and challenging environment is a significant task. Ÿ Infrastructure Development: Constructing and maintaining a vast underground transit network can be daunting and resource-intensive. The construction process might face numerous challenges, including geological issues, environmental concerns, legal restrictions, and high capital costs. Ÿ Regulatory Hurdles: Loopway could face significant regulatory hurdles as a pioneer. Laws and regulations around autonomous vehicles and underground transit systems can vary greatly by location and often be ambiguous or non-existent, making compliance a complex issue. Ÿ Public Acceptance: Gaining public acceptance for a relatively new mode of transport is another challenge. Concerns around the safety, privacy, and reliability of autonomous vehicles and underground transport systems can lead to hesitations among potential users. Ÿ Competition and Market Uncertainty: With the rapid evolution of the transportation industry, Loopway faces competition from other underground transit companies and other modes of transport, including traditional road- based systems and upcoming concepts like hyperloops and flying taxis. Predicting market trends and user preferences in such a dynamic environment can be difficult. Ÿ Sustainability and Environmental Impact: Ensuring the operations are environmentally sustainable is a significant challenge. This includes minimizing the environmental impact during the construction of tunnels, managing energy usage of the AEVs, and dealing with potential issues such as noise and vibration from underground operations. Despite these challenges, with effective leadership and strategic planning, Loopway has the potential to overcome these hurdles and successfully establish its innovative underground transit system. By constantly evolving, investing in research and development, engaging with regulators, and building public trust, Loopway can tackle these challenges head-on. Tips for Your Entrepreneurial Journey Venturing into the startup space is an exciting journey filled with countless learning, growth, and innovation opportunities. Based on my own experiences, here are some pieces of advice I would offer to budding entrepreneurs: Ÿ Passion and Perseverance: It's essential to be genuinely passionate about the problem you're trying to solve. There will be hurdles and challenges, but your passion will keep you motivated and resilient. Ÿ Validate Your Idea: Before investing time and resources into your startup, ensure that there's a market need for your product or service. Conduct thorough market research, talk to potential customers, and validate your business idea. Ÿ Focus on Building a Great Team: Your team is your biggest asset. Hire people who complement your skills and share your vision. A diverse, passionate, and skilled team can be the driving force behind your startup's success. Ÿ Embrace Failure: As a startup, you will face failures and setbacks. Instead of fearing failure, learn from it. Each failure is an opportunity to learn, iterate, and improve. Ÿ Stay Agile and Adaptable: The business environment is dynamic, and it's crucial to stay flexible. Be ready to pivot your business model, strategy, or product based on market feedback and changes. Ÿ Adopt Technology: Leverage modern technologies like AI, ML, big data, and more. They can provide valuable insights, optimize your operations, and give you a competitive edge. Ÿ Network: Build relationships with other entrepreneurs, potential customers, mentors, and investors. Networking can open doors to opportunities, partnerships, and valuable advice. Ÿ Sustainable and Ethical Practices: Lastly, prioritize sustainability and ethics in your business practices. This benefits society and the environment and can enhance your brand's reputation and customer loyalty. www.ciolookindia.com August | 2023 (11)
  • 15. Tech Innovators n an age defined by rapid technological advancement, the Iworld is witnessing a remarkable transformation driven by innovative startups in the tech sector. These visionary entrepreneurs are not just creating innovative solutions; they are reshaping the very fabric of our future. In the ever-evolving realm of technology, a wave of innovatively disruptive startups is reshaping the conventional dynamics of the industry. These audacious and forward-thinking ventures are not merely content with existing paradigms; they are challenging the status quo, reinventing industries, and revolutionizing the way we live, work, and interact with technology. In the hallowed halls of the tech industry, a seismic transformation is underway, and it’s being led by a fearless cadre of innovatively disruptive startups. These dynamic and forward- looking ventures are not content with the status quo. Instead, they are reshaping the very foundations of the tech sector, ushering in a renaissance of innovation, and rewriting the rules of competition. The tech industry, known for its rapid evolution, is witnessing a tectonic shift led by these daring startups. They defy convention, challenge established norms, and reimagine possibilities. In this extended introduction, we embark on a captivating journey into the heart of this disruptive revolution, exploring how these startups are not merely rewriting the playbook; they are crafting a whole new narrative for the tech sector. The Conventional Tech Landscape For decades, the tech sector has thrived on innovation, with industry giants leading the charge. These behemoths have shaped the landscape with their vast resources, extensive networks, and global reach. However, this very success has at times led to complacency, creating opportunities for startups with audacious visions and fresh perspectives. The Genesis of Disruption Disruptive startups are the phoenix rising from the ashes of conventional wisdom. Born in the crucible of innovation and unburdened by legacy systems, they have the freedom to challenge existing paradigms. They see potential where others see limitations, and they redefine problems as opportunities waiting to be seized. Their innovative spirit extends beyond products and services. These startups often disrupt traditional business models, www.ciolookindia.com August | 2023 (13)
  • 16. embrace unconventional strategies, and forge new paths to success. Whether it’s the sharing economy challenging traditional ownership models, or fintech reimagining the way we manage finances, these startups are at the vanguard of transformation. A Symphony of Technologies In their quest to disrupt, these startups harness a symphony of cutting-edge technologies. Artificial intelligence, blockchain, the Internet of Things, and renewable energy are just a few notes in their repertoire. They leverage these tools to create solutions that were once deemed futuristic, changing how we work, live, and connect. Disruption Beyond Boundaries The impact of innovatively disruptive startups reverberates far beyond the tech sector’s confines. They alter the competitive landscape, compelling established players to adapt or risk obsolescence. They attract investment, infusing vitality into economies and creating jobs. Moreover, they inspire a culture of innovation, nurturing a new generation of entrepreneurs unafraid to challenge convention. Tech Innovators Revolutionizing Industries Healthcare: Innovative startups are leveraging technologies like artificial intelligence (AI) and machine learning to revolutionize healthcare. Companies like Zebra Medical Vision are using AI to analyze medical imaging, detecting diseases at an early stage and saving lives. Telemedicine platforms like Teladoc have made healthcare accessible to millions, transforming the way we receive medical care. E-commerce: The e-commerce landscape has evolved dramatically, thanks to companies like Shopify, which provide a platform for businesses to thrive online. Similarly, innovative payment solutions like Stripe have made it easier for businesses to accept online payments securely. Transportation: The way we move from place to place is undergoing a paradigm shift, thanks to startups in the transportation sector. Companies like Uber and Lyft have transformed the ride-sharing industry, while firms like Waymo are pioneering autonomous vehicle technology, promising safer and more efficient transportation. Education: Edtech startups like Coursera and Udacity are democratizing education, making high-quality courses and degrees accessible to anyone with an internet connection. These platforms are changing the way we learn and upskill, blurring geographical boundaries. Renewable Energy: The fight against climate change is being championed by startups in renewable energy. Companies like Tesla are leading the charge with electric vehicles and energy storage solutions, while others like Sunrun are making solar energy more accessible to homeowners. Tech Startups and Economic Growth The impact of these tech startups extends well beyond individual industries. They are powerhouses of economic growth, creating jobs, attracting investments, and driving innovation. The emergence of tech hubs and innovation clusters in cities around the world, from Silicon Valley to Tel Aviv, underscores the profound economic influence of these startups. Challenges and Opportunities While tech startups are harbingers of change and innovation, they also face significant challenges. Competition is fierce, regulatory hurdles can be daunting, and the pace of technological advancement is relentless. However, these challenges also present opportunities for growth and adaptation, pushing startups to continuously evolve and improve their offerings. The Uncharted Future Tech startups are the vanguards of innovation, shaping the future dynamics of our world. Their agility, creativity, and relentless pursuit of groundbreaking solutions are ushering in an era of unprecedented change. As they continue to disrupt traditional industries, redefine consumer experiences, and drive economic growth, tech innovators are proving that the future belongs to those who dare to dream and innovate. www.ciolookindia.com August | 2023 (14)
  • 17. Stay in the known. Subscribe to CIOLOOKINDIA Get CIOLOOKINDIA Magazine in print and digital on www.ciolookindia.com SUBSCRIBE TODAY
  • 18. uantum physics is larger than plain science. It is a Qprofound experience. It allows us to deep-dive into the intricacies of sub-atomic particles that are the building blocks of animate, inanimate, and everything in the known cosmos. The application of quantum physics is called quantum technology and one of the classic outcomes of quantum technologyisaquantumcomputer. Known for its immense processing power, a quantum computer can knock-off complex computations in seconds. But, the angelic benefits of power comes with the devilish intentof destruction. Quantum computers in wrong hands have the power to completely destroy cybersecurity we have used for decades. Personal, professional, and critical data can be compromised inablinkof aneye. Fortunately, the benign powers of quantum physics can nip theevilintentinthebud. QuNu Labs Private Limited, (aka QNu Labs) is the pioneer of quantum technology in India that develops commercially ready and proven products and assets offering unique value propositions to government and private enterprises to secure theirdatainthepreandpost-quantumworld. Saviourfrom theQuantamania QNu Labs, founded in 2016, pioneered to build the next generation of data security products and solutions to protect confidential data from falling in the hands of malicious actors. They offer future security against the inappropriate use of Quantum Computers (QCs) for accessing sensitive data with longshelflife. Securing Your Pre and Post-quantum Cyber-cryptographic World We are a leader in quantum cryptography products and solutions offering security for data at rest and in transit. Sharing the firm’s significant achievement, Sunil Gupta, the Co-founder, and CEO, says, “We have five patents granted on our technology and several awards and accolades for innovation and commercialization of indigenous technology.” According to Sunil, QNu Labs’ USP is that it offers a hybrid model where both quantum cryptography (hardware) and post-quantum cryptography (software) based solutions leverage the best of both technologies to provide the highest level of security with the flexibility to adopt the technologies across industryverticalsanduse cases. He says, “We are a leader in quantum cryptography products and solutions offering security for data at rest and in transit. Being India’s first company with commercially ready products and solutions in the quantum technology space, we take pride in saying that we have put India on the Quantum map of the world and have made India self-reliant in this www.ciolookindia.com August | 2023 (16)
  • 19. The Rising Start-up Companies to Watch in 2023 Sunil Gupta, Co-founder and CEO crucial technology which is going to be of immense strategic importance in the new emerging geopolitical landscape. We offer a hybrid platform that is adaptive, proven & flexible for bothquantum-safeandquantum-resilientdeployments.” QNu Labs caters to telecom, healthcare, banking and finance, critical infrastructure, federal operations, and other sectors. It works with Indian Defence and public enterprises to protect nationalsecrets,confidentialdata,andPII. The Ripple Effect Sunil adds that they are working closely with clients to understand their risks and pain points and identify the relevant use cases to pilot and deploy QNu Labs’innovative solutions. He believes that in the post-quantum world, scalable QCs will potentially break all the existing public and private key algorithms used everywhere in our daily lives today, including the internet, messaging, banking, emails, etc. To ensurethatfuturehackerscannotbreakthecurrentencrypted
  • 20. data using QCs, QNu Labs built encryption key generation, distribution, and management products and solutions that will bequantumsafe. QNu offers three products and platforms-Quantum Key Distribution (Armos), Quantum Random Number Generator (Tropos), and Post Quantum Cryptography platform (Hodos). Leveraging these products, QNu Labs has built very powerful andpertinentsolutions,such as Ÿ Entropyas acloudservice–Qosmos, Ÿ Quantumsecureremoteaccessworkplace–Qshield, Ÿ Quantumsecuremessagingplatform–Qverse,and Ÿ Quantum secure storage for securing keys and encryption as aservice–Qvault. These solutions are designed to plug in with the existing infrastructure easily. Since they don’t require any rip or replacement, the solutions are viable and cost-effective for everyone to adopt. The benefits can be realised in just four weeks. Sunil assures, “Our solutions save an enterprise millions of dollars, several months of agony in business disruption, and future data breaches if they choose to migrate to quantum secure solutions over the current solution that doubles the key sizes everytwoyears.” TechnovativeLeadershipof EntrepreNerds Sunil is a technology and business leader and entrepreneur with 35+ years of experience. He specialises in Products and ProductEngineeringincutting-edgetechnologies. After graduating in Computer Science from NITTrichy, Sunil played an instrumental role in building several products and teams in differentstart-ups and Fortune 500 companiesto help themquicklygettheirproducts/offeringstomarket. Sunil is obsessed with new technologies and considers himself fortunate to have been part of teams building some of the industry's best products and solutions in cutting-edge technologies such as satellite communications, multi-media middleware for smartphones, indigenous switching software, core banking software, and AI-based cybersecurity platform. He is devoted to creating highly passionate and focused teams tobuilddisruptivesolutions. As the Co-founder and CEO of QNu Labs, Sunil is responsible for building the vision and strategy of the company and creating a highly passionate team of ‘EntrepreNerds.’ He is driven to make QNu Labs a successful Indian deep tech company in quantum technology that will offer solutions globally. Under his leadership, QNu Labs has developed India’s first commercially ready quantum-safe security products and solutions.The outcome is the consequence of evangelizing mainstream quantum tech over the last five years. Sunil strongly advocates making India a powerhouse in quantum skills and quantum technologies. He envisions placing India at the forefront of deep technologies in the field of data security using Quantum technology. TheTrust Builders The core team members at QNu Labs have strong credentials, domain expertise, and experiences that inspire client confidence. Sunil says, “Our clients appreciate the passion and enthusiasm of our leadership team and trust them for their strong expertise spanning over three decades in each of their fields–cyber security, communication, and product engineering.” www.ciolookindia.com August | 2023 (18)
  • 21. Sunil and the leadership team are seen as trusted advisors by clients, partners, and other ecosystem players who work together to evangelize, build standards, and do capability building. QNu is an agile company that swiftly responds to changes, customer inquiries, and project execution. Clients have appreciated expert guidance, short turnaround times, and integrityindeliveringonthepromises. Techno-Phenomenon Sunil, an experienced leader, opines that modern technologies such as ML&AI have a phenomenal impact on almost all industries. The world will soon see different and disruptive capabilities and solutions which couldn’t have been imagined a few years ago. He predicts, “We will see AI used on data at the edge server and devices as more and more data moves to theedge.” This will pose a huge security issue for edge devices, especiallyinthepost-quantumworld thatis alreadyhere. QNu Labs’ solutions offer future security for data at the edge devices. “Soon, we will see the quantum security stack becoming an integral part of the cybersecurity framework and regulations,”Suniladds. QNu Labs also plans to leverageAI in a couple of its products toofferavaluemultiplierinitssolutions. DecryptingtheChallenges Sunil admits that during their journey of founding and developing QNu Labs, they faced several challenges because they were the pioneers of quantum cryptography tech in India. But, they chose to conquer the challenges with innovative solutions. The team realized that they must prove their technology is robust and stays true to its promises. “We overcame every apprehension with exhaustive internal testing and built test documents and reports for clients to witness. We did several field trials in real-life scenarios early on to learn and adapt our products. We also sent our products to international labs to get an independent evaluation. We also built a sandbox for clients totestthemselves,”Sunilexplains. “We put our products and solutions on GeM (Government e- Marketplace) so that clients can see the specifications, price, and other documentation before purchase. It built our confidence and gained our customer’s trust. Listing the products on the GeM required us to build quality in manufacturing processes and systems, which eventually helpedus buildqualityproducts.” Sunil and his team also offered one of the solutions on the Amazonmarketplacefor globalclientstobuy asaservice. For a DeepTech start-up, hiring is always crucial and paramount. QNu hired some of the best students from top colleges for internships and later brought them on board. It ensured that the candidate’s passion and attitude matched the organisation's culture. This also helped QNu Labs build a brandinthosecollegesfor furtherhiring. For a new technology to become mainstream, it requires building standards and systems. Sunil states, “We overcame this challenge by working closely with the government in developing Standards for Generic Requirements for QKD System.” TheDeep Sagacity Sunil quips, “Every startup is different, but if I have to give a pieceof advice,itwillbe, Ÿ Choose a highly relevant problem that addresses the pain areas of a large set of clients/users–the problem should be realandlargeenoughtosolve. Ÿ Work closely with early adopters and clients to define high-value use cases and solutions that your sales team canpackage,create,sell,andmonetize. Ÿ Build a passionate core team that can infuse the right attitude, sense of urgency, and client-centricity in the company for others to follow–the right team is half the battlewon.” SecuringTomorrow On their road ahead, Sunil divulges that they envision pursuingtwopathsinthefuture: The first is moving from ‘Quantum Outside’ to ‘Quantum Inside’ with Integrated Photonics-based QKD. The future of Integrated Photonics-based Quantum Key Distribution (QKD) and QRNG looks promising and holds significant potential for revolutionizing secure communication and quantum networking. The miniaturization and robustness of Integrated Photonics QKD will also make it suitable for satellite-based applications and IoT devices, which are extremely vulnerable to attacks. As satellite communication requirescompactandreliablesystems, thiscanopenup new www.ciolookindia.com August | 2023 (19)
  • 22. opportunities for secure quantum communication over long distances, and the mass proliferation of IoT and edge devices in the next five years will create a massive demand for small form factor quantum security devices. “We have a development and investment plan in place to capture this demand,”heinforms. The second path is to develop Satellite based QKD-Global Network for Quantum security anytime and anywhere, as it has several compelling commercial applications due to its abilitytoprovidesecureandlong-rangecommunication. Satellite QKD can offer a secure, long-range communication solution for remote or inaccessible locations.The government and defence industries can leverage satellite QKD for secure communication between satellites, space missions, and ground control centres. This ensures the confidentiality of mission-critical data and prevents unauthorized access or data tampering. Satellite QKD can be employed to establish secure communication links between different countries or continents, facilitating secure diplomatic communication and cooperationinvariousfields. Present Safeof theFuture He adds, “Today, we stand at a pivotal juncture, ready to embark on a transformative global expansion journey for which we have already initiated discussions with potential partners in the USA, Middle East, and Europe who share our vision and can complement our strengths. We have conducted meticulous market research to identify regions with the highestdemandfor our solutions.” Sunil concludes, “Our vision for global expansion is rooted in our unwavering commitment to Make in India. Make forthe World.” ClientsTestimonials: *“The threat to networks, systems, and data from quantum attacks is real and worrisome, especially for digital assets. We chose to work with QNu Labs, the leader in quantum crypto security for ‘Data at Rest’ and ‘Data in motion.’ Their team and expertise are exceptional, and they have made our transition to a quantum-safe environment simple and seamless.”-CTO, Amechain–World’s first Quantum-secured decentralizeddigitalassetledger. *“We were building an enterprise messaging platform and wanted to use best-in-class data security. We chose QNu Labs over an IBM company due to the flexibility and high availability of quantum random numbers as a service offered by QNu Labs. We have used their service for the last 12 months with 100% uptime.” CEO, Arishti–Quantum Secure Enterprisemessagingplatform. *QNu Labs Hallof Fame* QNu Labs has won several accolades in Innovation, technology breakthrough, and commercialization of indigenoustech: Ÿ Most InnovativeStartup,MatrixStart-upAward 2023. Ÿ NationalStartupAwards byStartupIndia2023. Ÿ Pandit Deen Dayal Upadhyay Telecom Skill Excellence Award 2022. Ÿ Technology Start-up Award by Ministry of Science and Technology2022. Ÿ Raksha Mantri's “Raksha Anveshan Ratn” Award for Innovation Excellence in Defence and Aerospace Sectors 2022. Ÿ DSCI’s Most InnovativeProductof theYear2019. Ÿ NASSCOM’s "Emerge 50" and "League of 10" in Cyber Securitycategory2019. Ÿ WinnerofTech30YourStory 2019. Ÿ CISO Platform-Top3 CybersecurityStartups2019. Ÿ Winnerof Elevate-AGovt. ofKarnatakaGrant2017. www.ciolookindia.com August | 2023 (20)
  • 24. Rehmat Enterprises Where Skincare Ascends to Unprecedented Heights of Rare Fame Ms Roop Handa Director (Rare Fame) Rehmat Enterprises Pvt. Ltd. The mirror reflects more than just our external beauty; it reveals our inner well-being. When we witness our reflection radiating with vitality, we embrace our strength, confidence, and unwavering determination to pursue our aspirations. It serves as a constant reminder that our beauty encompasses not only our physical appearance but also our inner resilience and the potential to make our dreams a reality. Embarking on a mission to enhance your beauty like celestial stars illuminating the night sky, Rehmat Enterprises introduces a brand that elevates your skincare journey to extraordinary heights. Rare Fame captures the essence of indulgence and invites you to immerse yourself in a luxurious skincare experience. Rare Fame is an emerging leader in the realm of skincare, committed to revolutionizing the industry with its exquisite range of products. According to the Director, Ms Roop Handa, Rare Fame's relentless pursuit of excellence, emphasis on utilizing the finest natural ingredients, and unwavering dedication to customer satisfaction have propelled the brand to new heights. Uncompromising Quality: Rare Fame is dedicated to providing skincare products of unparalleled quality. They understand that skincare is more than just surface-level beauty and prioritize the nourishment and well-being of the skin. www.ciolookindia.com August | 2023 (22)
  • 25. Embracing the Power of Nature: By minimizing the reliance on harsh chemicals, their products allow the skin to breathe and regenerate naturally. Roop affirms, “Our commitment to incorporating nature's gifts enables us to create skincare solutions that deliver visible and enduring results.” Pioneering Innovation and Scientific Breakthroughs: Rare Fame leads the way in skincare innovation through their unwavering commitment to exploring the frontiers of scientific research. Roop and her team of experts are driven by a passion for uncovering new ingredients, technologies, and formulations that target specific skincare challenges. Putting Customers First: Rare Fame places the utmost importance on fostering meaningful connections with their valued customers. Rare Fame genuinely values customer feedback and actively seeks input to enhance their products and services, constantly striving to exceed expectations and deliver an exceptional skincare experience. Positioning as a Rising Solution Provider: Rare Fame has swiftly emerged as a rising solution provider in the skincare industry, positioning itself as a brand of choice for discerning customers. The key factors contributing to its success are: • Reputation for Excellence: Rare Fame has built a reputation for excellence through its commitment to quality and innovation. Their customers trust them to deliver products that meet their expectations and deliver exceptional results. This trust has allowed them to gain a loyal customer base and positive word-of-mouth recommendations. • Embracing Sustainability: Rare Fame is conscious of its environmental impact and takes steps to promote sustainability. Roop adds, “We strive to minimize waste, use eco-friendly packaging materials, and support ethical sourcing practices. Our commitment to sustainability resonates with eco-conscious consumers, further enhancing our brand reputation.” • Collaborations and Partnerships: Rare Fame has forged strategic collaborations and partnerships with influencers, skincare experts, and beauty professionals. These alliances have helped them expand their reach, engage with a wider audience, and gain credibility in the industry. By collaborating with trusted voices in the skincare community, they position themselves as a brand endorsed by experts. • Market Expansion and Global Reach: Rare Fame is expanding its presence in local and international markets. Roop says they have developed a robust distribution network, enabling their products to reach customers across various regions. Their focus on global expansion has helped them tap into new markets and cater to diverse skincare needs. Rare Fame is committed to quality, natural ingredients, innovation, and customer satisfaction. Redefining Skincare Excellence in a Competitive Landscape In the cutthroat skincare world, Rare Fame has emerged as a standout brand with its exceptional offerings and unique approach. With a firm commitment to quality, innovation, and customer satisfaction, Rare Fame sets itself apart by gaining a competitive edge in the market. Exceptional Product Portfolio: At the core of Rare Fame's success lies its exceptional product portfolio. It offers diverse skincare products, each meticulously formulated to deliver outstanding results. The Plethora of Products and Categories Include: 24K Gold Face Serum–This serum has gained popularity in the skincare industry due to its potential benefits, such as anti-aging properties, increased collagen production, improved blood circulation, brightening effect, hydration, moisture retention, soothing and calming properties, and enhanced product absorption. Beetroot Face Serum-This serum has gained attention in the skincare world for its potential benefits, including brightening and radiance, antioxidant protection, hydration, moisture retention, anti-inflammatory properties, improved complexion, nutrient boost, and detoxification. Radiance Glow Face Cream-The Radiance Glow Face Cream offers several benefits for the skin, including hydration and moisture, nourishment and vitality, skin radiance, smoother and softer skin, antioxidant protection, lightweight and non-greasy texture, suitability for all skin types, and enhanced elasticity. The Rising Start-up Companies to Watch in 2023 www.ciolookindia.com August | 2023 (23)
  • 26. Pure Rose Glow Serum-The Pure Rose Glow Serum has long been appreciated for its potential benefits in skincare, such as hydration and moisture, soothing and calming properties, antioxidant protection, brightening and even skin tone, anti-aging effects, balancing and toning, and aromatherapy benefits. SPF 50++-Remember that individual results may vary, and it's always recommended to perform a patch test before using any new skincare product. Additionally, it's important to follow a consistent skincare routine and protect your skin from sun damage with Rare Fame SPF 50++ Face Spray for optimal results. Innovation and Advanced Formulations: Rare Fame thrives on innovation and continuously pushes the boundaries of skincare. It invests in extensive research and development to stay at the forefront of industry advancements. Roop says, “Our commitment to innovation allows us to offer customers groundbreaking solutions for their skincare needs.” Commitment to Clean and Sustainable Beauty: Rare Fame is committed to clean and sustainable beauty practices. Roop says they understand the importance of using safe and non-toxic ingredients that deliver results and prioritize the health of the skin and the environment. Their products are free from harmful chemicals, parabens, sulfates, and synthetic fragrances. Brand Reputation and Trust: Rare Fame has become synonymous with quality, efficacy, and integrity in the skincare industry. Our brand is trusted by a wide range of customers, from skincare professionals to beauty influencers. The positive reviews, testimonials, and word-of-mouth recommendations we receive have played a crucial role in our continued growth and increased brand recognition. Strategic Partnerships and Collaborations: Rare Fame understands the significance of strategic partnerships and collaborations in today's competitive skincare industry. These alliances not only expand their reach but also provide them with a platform to showcase their commitment to excellence and customer satisfaction. The Beauty with the Rare Fame: Having a wealth of experience in the skincare industry, Roop spent years honing her skills and knowledge, immersing herself in the world of beauty and skincare. Her journey began with a deep-rooted passion for helping people achieve healthy and radiant skin. Throughout her career, Ms Roop Handa made notable contributions to the industry. She's researched and studied extensively, staying abreast of the latest scientific advancements and skincare trends. This commitment to continuous learning has allowed them to create innovative formulations and products that deliver exceptional results. Her expertise goes beyond product development. She also excelled in understanding consumer needs and preferences. They have conducted extensive market research, analyzed customer feedback, and engaged with skincare enthusiasts to gain insights into their desires and challenges. This customer-centric approach has enabled Rare Fame to develop products tailored to the specific needs of its target audience. She played a pivotal role in establishing strategic partnerships and collaborations. She forged alliances with renowned dermatologists, skincare experts, and influencers, further enhancing the brand's credibility and reach. These collaborations have enabled Rare Fame to tap into a wider audience and gain valuable endorsements from industry professionals. Rare Fame: Where luxury meets excellence, and beauty becomes an art. We strive to create skincare products that redefine standards, inspire confidence, and nurture the true essence of beauty. With passion and innova on as our guiding lights, we invite you to embark on a journey of rare and extraordinary skincare experiences. Ms Roop Handa www.ciolookindia.com August | 2023 (24)
  • 27. Through her leadership, Roop fostered a culture of innovation and excellence within the company. She assembled a team of skilled professionals who share their vision and dedication to crafting exceptional skincare products. This collaborative environment has led to breakthrough formulations that address various skin concerns and deliver remarkable results. Rare Fame's success can also be attributed to its commitment to ethical practices. Roop ensures the brand adheres to sustainable sourcing, responsible manufacturing processes, and cruelty-free practices. This conscious approach resonates with customers who seek products that align with their values. Revolutionizing the Beauty Industry with Cutting-edge Technology Embracing the transformative potential of modern technologies such as AI&ML, Rare Fame is at the forefront of innovation in the beauty industry. Roop, a visionary leader, recognizes the profound impact these technologies have on startups. At Rare Fame, AI and ML algorithms are integrated into their core operations. These cutting-edge technologies enable them to analyze customer feedback, preferences, and purchasing behavior in real-time. From personalized product recommendations to customized skincare regimens, Rare Fame leverages technology to provide an unparalleled beauty experience. Operational Efficiency: At Rare Fame, they have implemented AI-powered chatbots to handle customer inquiries and provide real-time support. It improves response times and allows the team to focus on more complex, value-added tasks. Data Analysis and Decision-making: At Rare Fame, they utilize ML algorithms to analyze market trends, customer feedback, and competitor insights, helping them identify emerging skincare trends and make informed product development and marketing decisions. Innovation and Product Development: At Rare Fame, they are continually exploring the potential of AI&ML in developing advanced skincare formulations, leveraging data-driven insights to create products that deliver exceptional results. At Rare Fame, they have committed to investing in talent development and providing ongoing training to their team members in AI. By upscaling their workforce, Roop ensures they have the necessary expertise to leverage these technologies effectively and stay ahead of the curve. They also actively seek collaborations with technology providers and research institutions to leverage their expertise and gain access to state-of-the-art AI&ML tools and methodologies. At Rare Fame, they adhere to strict data privacy and security protocols, ensuring customer data is protected and used responsibly. www.ciolookindia.com
  • 28. The global workplace is undergoing a profound transformation, and at the heart of this change are innovative startups that are rewriting the rules of work culture. In the wake of a digital revolution, economic shifts, and a new generation entering the workforce, these modern startups are pioneering novel approaches to work that challenge traditional norms and inspire a more adaptable, inclusive, and fulfilling work experience. In the wake of the digital age, a groundbreaking transformation is sweeping across the global work landscape, and it’s being propelled by the disruptive force of modern startups. These innovative enterprises are rewriting the rules of work culture, challenging age-old norms, and introducing a brave new world of employment dynamics. The Traditional Paradigm of Work Culture For centuries, work culture adhered to a well-defined structure. Employees commuted to offices, adhered to fixed schedules, and navigated hierarchical organizational structures. But with the rise of modern technology, globalization, and shifting demographics, this traditional paradigm of work culture has been undergoing a profound metamorphosis. Let us embark on a journey to explore how modern startups are shaping the future of work cultures on a global scale. We’ll delve into the disruptive forces at play, the innovative practices they champion, and the impact these changes are having on both employees and organizations. It’s a glimpse into a world where flexibility, purpose, and creativity reign supreme, redefining what it means to work in the 21st century. The Digital Age Transformation The advent of the digital age has obliterated geographical boundaries, allowing work to transcend physical locations. How are How Modern Startups are Redefining the GlobalWork Cultures? The internet, cloud computing, and collaboration tools have given rise to the concept of remote work, enabling employees to work from anywhere in the world. The Changing Landscape of Work The past few decades have witnessed a seismic shift in how work is perceived and conducted. The rise of the gig economy, remote work, and the pursuit of work-life balance have challenged traditional notions of employment. Today, work isn’t just a place we go; it’s something we do, and startups are at the forefront of this evolution. Embracing Remote Work One of the most significant transformations modern startups are leading is the embrace of remote work. Enabled by technology, remote work offers employees the flexibility to work from anywhere, transcending geographical boundaries. Companies like Buffer and GitLab have adopted a fully remote work model, demonstrating that it’s possible to operate efficiently without a physical office. Flexibility and Work-life Integration Startups are challenging the rigid 9-to-5 workday and offering employees flexibility to set their own schedules. This approach empowers workers to better balance their www.ciolookindia.com August | 2023 (26)
  • 29. professional and personal lives, fostering a more harmonious and productive work environment. The emphasis is no longer on where or when work is done but on the quality of the output. Purpose-driven Work Millennials and Gen Z, who form a significant portion of the workforce, prioritize meaningful work. Startups often align their missions with social or environmental causes, attracting talent driven by purpose. As a result, employees feel a deeper connection to their work, leading to increased job satisfaction and engagement. Innovations in Work Culture Modern startups are not just changing where and when work happens; they are also reimagining how work is structured, fostering a culture of innovation and creativity. Flatter Organizational Structures Traditional hierarchies are giving way to flatter, more agile organizational structures. Startups prioritize collaboration, transparency, and open communication, allowing employees to contribute their ideas and expertise more freely. Continuous Learning and Upskilling In today’s rapidly evolving tech landscape, startups recognize the importance of continuous learning. Many offer employees’ opportunities for upskilling and professional development, empowering them to stay relevant in a dynamic job market. Well-being and Mental Health Startups are increasingly attuned to the mental health and well-being of their employees. Initiatives such as mental health support, wellness programs, and flexible time off policies contribute to a healthier and more resilient workforce. Impact on the Global Workforce The influence of modern startups extends far beyond their immediate environments. Their innovative approaches to work culture are setting a new standard, encouraging established companies to adapt or risk losing talent to more progressive workplaces. A Global Talent Pool Remote work policies have expanded the talent pool, allowing startups to tap into a global workforce. This diversity of perspectives and experiences contributes to increased creativity and innovation. A Blueprint for the Future Modern startups are setting a precedent for the future of work. As the boundaries between work and life continue to blur, employees are demanding greater flexibility, purpose, and well-being from their employers. Modern startups are the architects of a new era in work culture, one defined by adaptability, inclusivity, and a commitment to purpose-driven work. As they continue to challenge established norms, they inspire a broader shift in how we perceive and experience work. The future of work, as unveiled by these startups, is a world where individuals are empowered to work on their terms, pursue meaningful endeavours, and thrive both personally and professionally. As we navigate the ever-changing landscape of work, these startups serve as guiding lights, illuminating a path towards a more fulfilling and innovative future. Future Unveiled www.ciolookindia.com August | 2023 (27)
  • 30. Romit Mevada, Founder & CEO, and Darshan Swami, Co-founder and CTO Magicking Story Duniya–Children’s Own OTT World Story Duniya, a pioneering video/audio based app, has emerged as a leading solution provider, catering to children aged 12 and under.
  • 31. ur children are our future in every sense. We wish Oto pass on not only everything materialistic we possess to them but also whatever wisdom we gained by being rooted in the Indian cultural ethos. Of course, they will learn lessons of their life in their own times, no doubt. But we want to re-establish the broken link or strengthen the thin bond if it exists. The bond with one’s original cultural identity in a hyper-connected multicultural global ocean of diversity. Using the advanced EdTech, Rumbum Software Services is already solidifying the next-gens connect with incredible Indian culture. Romit Mevada, the Founder and CEO, and Darshan Swami, Co-founder and CTO, welcome you all to… Story Duniya: Baccho Ka Apna OTT In today's digital age, everything is going virtual. Yet, nurturing a love for reading and preserving cultural values among children is of paramount importance. Story Duniya, a pioneering video/audio based app, has emerged as a leading solution provider catering to children aged 12 and under. This comprehensive platform not only offers a vast library of high-quality animated books but also strives to impart Indian culture and values to young readers. With personalised recommendations, multilingual learning options, motivational features, and an affordable subscrip- tion plan, Story Duniya has garnered immense popularity among parents and educators alike. Romit and Darshan share the Unique Selling Points (USPs) that have positioned Story Duniya as a rising force in the world of digital animated stories, fostering a strong foundation for children's personal growth and cultural awareness. Diverse Library of High-quality Animated Books: Story Duniya prides itself on its extensive library of animated books that spans various genres and themes. From ancient mythologies and traditional fables like Panchatantra and Akbar-Birbal to contemporary tales like Gauri and graphic rhymes, the platform offers a rich and diverse collection of stories. These captivating narratives cater to different interests and age groups, ensuring every child finds content that resonates with them. The high-quality animations and engaging visuals further enhance the reading experience, making it both entertaining and educative. Regular Updates and Personalised Recommendations: To keep the reading experience fresh and exciting, Story Duniya continuously updates its library with new stories The Rising Start-up Companies to Watch in 2023 every week. This commitment to regular content refresh- ments ensures that children always have something new to explore. Moreover, the platform leverages cutting-edge technology to provide personalised book recommendations based on a child's reading level and interests. By tailoring the content to individual preferences, Story Duniya enhances the child's engagement with the stories, fostering a deeper love for reading. Multilingual Learning Experience: One of Story Duniya's key differentiators is its focus on promoting Indian culture and values through multilingual learning options. The platform supports multiple Indian languages, including English, Hindi, and Gujarati, with plans to introduce more languages in the future. This multilingual approach not only allows children to read in their preferred language but also nurtures a connection with various Indian traditions and regional folktales. By providing content in local languages, Story Duniya enables children to retain and celebrate their cultural heritage. Affordable Subscription Plan: Story Duniya understands the importance of accessibility to quality educational content. To this end, the platform offers an affordable subscription plan priced at just ₹299/year—this nominal fee grants subscribers unlimited access to the entire library, including all new releases each week. The cost-effective subscription model ensures that a wide range of families can afford the enriching experience of Story Duniya, regardless of their economic background. Motivational Features for Enhanced Learning: Recog- nising the importance of motivating young readers, Story Duniya incorporates a system of rewards and badges. Children earn badges and rewards as they progress through the stories, achieving milestones in their reading journey. This gamified approach fosters a sense of accomplishment and inspires children to read more actively. The motiva- tional features not only make the reading experience enjoyable but also instil a sense of responsibility and dedication to personal growth. Pandora’s Learning Library Story Duniya's commitment to nurturing young minds through culturally immersive stories and engaging content sets it apart as a rising solution provider. “With a diverse library of high-quality animated books, personalised recommendations, multilingual learning options, an affordable subscription plan, and motivational features, we www.ciolookindia.com August | 2023 (29)
  • 32. continue to gain popularity and trust among parents and educators,” reveals Romit, a dynamic and visionary entrepreneur who embarked on his professional journey after completing his Master of Computer Application degree. In 2011, he delved into mobile app development, showcasing a strong passion for software engineering. Over the next seven years, Romit honed his skills while working with various startups, gaining valuable experience in the industry. Driven by his unwavering enthusiasm for animation and Indian tales, Romit's passion led him to establish a software development service agency-Rumbum Software. The company thrived and achieved significant success with his exceptional leadership and dedication. Tale of the Two Wizards In 2022, Romit, fueled by his deep passion for nurturing young minds and promoting Indian culture, took a signifi- cant step forward. He Co-founded Kids OTT platform called "Story Duniya." This unique venture aimed to provide children with a safe and immersive digital animated story platform. Through Story Duniya, Romit aspired to offer a treasure trove of captivating tales that entertained and imparted valuable cultural knowledge and values to young readers. “Not only that but by investing in the education and personal growth of children, we aspire to mould them into individuals with strong values and a deep appreciation for Indian culture,” says Darshan, an accomplished Backend developer who initiated his career in 2011 after completing his B.E. In the years that followed, he demonstrated remarkable skill and expertise in the technological domain, showcasing a keen interest in innovations that could contribute to making the world a better place. In 2015, Darshan crossed paths with Romit, and the two innovative minds found synergy in their shared passion for technology and software development. In 2018, they joined forces to co-found Rumbum Software, a thriving software development service agency. With his proficiency in backend development and a deep understanding of technological advancements, Darshan played a pivotal role in elevating Rumbum Software's capabilities, delivering top-notch solutions to their clients. When Romit envisioned the launch of Story Duniya, Darshan wholeheartedly embraced the idea. Together, they worked diligently to bring the Kids OTT platform to life, leveraging their technical acumen and dedication to create a captivating and culturally enriching experience for children. Tech-enchantment “Embracing technology to disseminate the treasures of literature and culture, we, through Story Duniya, paved the way for a brighter and more enlightened generation,” says Romit and Darshan together. Adopting technologies like AI&ML can transform startups by enhancing efficiency, data-driven decision-making, and personalisation. Rumbum Software, led by Romit and Darshan, is adapting by integrating AI into its products, using data analytics, and staying updated with tech trends. Emphasising customer experiences and scalability, they collaborate with AI experts for innovative solutions, gaining a competitive edge in the dynamic startup space. The collaborative efforts of Romit and Darshan have been instrumental in the success of Story Duniya and its parent company, Rumbum Software. Their passion for software engineering and unwavering commitment to promoting Indian culture and values through engaging animated stories have set the stage for Story Duniya to excel in its niche. With Romit's visionary leadership and Darshan's technological expertise, Story Duniya has emerged as a rising force in the industry, catering to young readers and nurturing their love for literature and cultural heritage. Duelling Challenges In the dynamic landscape of digital animated stories, Story Duniya, spearheaded by Romit, faces challenges such as keeping up with technological advancements, adapting to changing reader preferences and ensuring data security. Romit informs, “To overcome these obstacles, we prioritise continuous learning, maintaining a reader-centric approach, and implementing stringent security measures.” While Darshan adds, “Attracting and retaining top talent is vital, and we foster a supportive work environment.” Agile project management enables efficient content delivery while maintaining high-quality standards. Embracing innovation and conducting thorough research enable them to present captivating and culturally enriching tales, positioning Story Duniya for sustained growth and excellence in the competitive market. www.ciolookindia.com August | 2023 (30)
  • 33. Words for the Wise Romit says, “To budding entrepreneurs, my advice is: follow your passion, thoroughly research the market, build a strong team, embrace innovation, and prioritise customer satisfaction. Stay agile, manage finances wisely, and never stop learning. Believe in your vision, persevere through challenges, and realise your startup dreams.” Future’s Time Travellers According to Darshan, in the future, Story Duniya envisions scaling its brand by expanding the content library with diverse Indian stories and introducing more regional languages. He divulges, “We plan to collaborate with authors and creators to enhance our offerings and invest in AI to improve personalised recommendations.” Darshan adds, “Global expansion is on our horizon.” Reaching young readers worldwide, while interactive learning features and educational partnerships will make the platform more engaging and valuable, feels Romit, who concludes by saying that their diversifying subscription plans to cater to different customer needs will further contribute to Stori Duniya and Rumbum Software’s growth and success.
  • 34.