Shivam Vaish, CEO and Co-Founder at Newra Technologies on an Interview with MostPopularStories, He has an amazing experience in various projects in number of technical fields which include IOT, Machine Learning, Android and Web-based App Development, Virtual Reality etc. let’s get to know more about his entrepreneurial journey.
- Tell us a little bit about yourself and your journey as an entrepreneur.
Shivam Vaish- CEO of Newra Technologies & co-founder
- It’s been a wonderful journey so far and I look much more to achieve in the near future. I have always been keen to learn new things, explore all new technologies and imbibe knowledge. I have always wanted to be an entrepreneur but starting my own company at the age of 20 by being an under-graduation student in B.M.S college of engineering is truly a dream come true for me. It gives me a positive energy and the thirst to do new innovations never stops.
Past Experiences:
- My inspiration to build this start-up was Ebite. It is an online food, grocery and vegetables delivery system which I have established in December 2018. It had 2k+ Customers and 4.6 Rating on playstore. I have achieved the revenue of 28lakhs in 2019. But unfortunately, I had to close down because of some internal management issue.
2. Why did you choose entrepreneurship over a job?
Ans. Doing a regular job always has its own set of restrictions which sets up boundaries to my innovations. Hence, I prefer to be an entrepreneur which helps me explore all the sectors, improve my personality, learn many new things, and mainly implement my ideas into this developing market.
3. What was the vision behind it?
My vision is to be one of the top entrepreneurs in the world and ensure that my innovation helps to construct a hi-tech society and give a direction towards development in those sectors. I always tend to read what’s between the lines. It helps me to take my company’s vision to higher grounds.
4. Describe the services that you offer to your customers and in what way they are unique?
We have 2 ongoing projects-
- Newra Education: Smart Learning Management System-
During this pandemic we have witnessed the importance of online education thereby we set up a mission to accomplish launching an App which would be very helpful to all schools and colleges in India to continue imparting and imbibing education in spite of all these hurdles and obstacles of Covid-19. We collaborated with a Myntra developer to develop this App.
It was not a piece of cake to develop this App during this pandemic, we started to work on this product in February 2020. Then after 5 months of hard work and dedication, we came up with a final product. Now, this was the time to release our product into the market and hence we got in touch with Radhika Garg who is a MBA Graduate from Birla Institute of Management. With this team, we could finally launch our product successfully in the market. As of now, we have invested more than 20 lakhs on product development (android developers, cloud services, servers, and data mining). We have partnered with more than 10 colleges and schools across India and 2 institutes from foreign countries.
This App has many features like online exams, online meetings, resources, discussion forums, marks & attendance etc. We have an amazing feature called yoga and meditation which helps the student increase positivity, productivity and concentration which is very important to survive in this pandemic. We have built our own customised online meeting feature from where the teachers can control the whole meeting (students will be muted until the teachers allow them to speak, they can raise their hand in the app if they have any doubts) like this we have many other custom features. We provide training to faculties and students initially to understand and adapt to use our App. We provide 24×7 customer service and assistance to ensure they are having no issues using our product. In the future, we analyse data generated by schools/institutions and use machine learning algorithms to suggest the contents and courses on our platform because of this the customers will experience the joy of finding courses with ease.
- K-chain: Send food over Internet-
K-Chain is one of our best innovations as customers can just send food over the internet. Yes, you heard it right. Through this spectacular platform one can cook at anytime from anywhere without the formal manual cooking and they can socialize their recipes so that anyone can use their recipes to get the exact same taste. We are using currently 72,000+ recipes to train our machine learning model so that customers can get a perfect dish cooked.It has many unique features but it is still in development. We are planning to launch it in the beginning of 2022.
5. What difficulties which you have faced or you are facing?
Initially I had faced difficulties in finding the right people with the same grit and determination for the posts of HR, CTO, COO and CMO. I am facing the problem of getting seed funding from the investors which all the entrepreneurs face in the growing stage of their company.
6. How do you handle the pressure and manage stress?
I am an analytical person. Hence, I tend to overcome my pressure and manage stress by just finding out its root cause and an ideal solution. Sometimes all it requires is patience, time and smart decisions to keep up with stress. When you love the work, you do you tend to overcome everything that’s in your path is what I strongly believe in.
7. How do you market your business?
We have a marketing team headed by CMO Radhika Garg. Hence, we do the market research and have various marketing strategies ready before launching any new product and also use data analytics to reach the potential customers.
8. How many hours a day do you work on average & can you describe/outline your typical day?
I work for a minimum of 10hrs and a maximum of 14hrs. I indulge myself in doing any of the on-going projects, creating new strategies for the company’s development and I also supervise the work done by my HR, COO, CTO, and CMO. The beauty of this work is I never get tired even after working for 10hrs straight.
9. In your opinion what are the keys to success?
Innovation and taking risks to achieve their goal is important. I believe success is a never-ending journey because one always strives to achieve more and more even after reaching their goal.
10. What advice would you give to someone starting out as an aspiring entrepreneur?
I would advise them to have a complete detailed plan regarding finance, marketing, workforce, etc. One should never give up when they start facing many difficulties & obstacles in the path of reaching their goal.
Contact here,
Website: https://newra.in/education
Linkedin: https://www.linkedin.com/company/newra-technologies/
Instagram: https://www.instagram.com/newra_technologies
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