Startup Terminal
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us
No Result
View All Result
Startup Terminal
No Result
View All Result
Home Interview

‘Jhakaas’, a technology-driven platform that “Enables local businesses” to create online presence

StartUp Terminal Bureau by StartUp Terminal Bureau
August 8, 2021
in Interview
0
‘Jhakaas’, a technology-driven platform that “Enables local businesses” to create online presence
157
SHARES
2k
VIEWS
Share on FacebookShare on Twitter
Jhakaas – a way to easy
living is a technology driven platform that aims to enable local businesses. The
next generation mobile app provides for the day-to-day needs of the consumer
entailing services such as ease in grocery shopping, restaurant hunting, on
call cakes and sweet delivery, vegetable shopping, wine shops, ordering
medicines and much more. They aim to penetrate the unorganised sector through a
comprehensive and user-friendly application that can be used by medium and
small scale merchants and customers alike.

Jhakaas works on a minimum
maintenance and fixed reasonable charges model with merchants so as to provide
affordable and profitable deals to the vendors. The process of merchant
enrolment is easy and contains no additional charges. Vendors can decide their
own Service level’s (SLA) and can collect the payments in their own bank
accounts through mPOS / digital payment methods. On the other hand, the
customercan choose from an array of merchants based on their preferences. The
app was developed to provide ease in business through advanced competitive
technology and also give the small & medium level merchants a competitive
edge.





In an exclusive interview with Startup Terminal; Bharat Mandot & Jeetendra
Sanjeeva, Co-Founders, Jhakaas Technologies
tells more about the venture and future goals.

Excerpts:
ST:
What was your inspiration behind starting up a new venture?

We are first generation entrepreneurs;
we have had successful corporate careers in our own respective field, but
always had the desire to build something of our own, something that would
specifically cater to the masses.

The e-commerce market was fast
blooming and online shopping was an evident trend, the aggregators were taking
away the profits of the small scale & medium level merchants. We wanted to
create something that would help these vendors to sustain their business with
profitability. The world was going digital and helping these vendors scale-up.
IT was very important that they were a part of technology.  Therefore with this in mind, we developed an
app to deliver services that would be user-friendly, affordable and bring
profits to these players. The ‘Jhakaas’ app by Jhakaas Technologies provides
ease in business through advanced competitive technology and also give the
small & medium level merchants a competitive edge

ST:
Please tell us more about your organization.

We started working on the concept in
early 2016. We started off by offering services in three categories i.e food,
real estate and travel; we received positive feedback towards our offerings
which in all led to the growth of the company. We currently are offering
services across 35 categories  such as
ease in grocery shopping, restaurant hunting, on call cakes and sweet delivery,
vegetable shopping, wine shops, ordering medicines and much more. We have
developed a merchant base of 30,000 users across Delhi, Mumbai & Bangalore.
In March 2017, we officially launched our first product ‘Jhakaas’, a
technology-driven platform that “Enables local businesses” to create a presence
online today. The application received more than 5000 downloads within its
first 24 hours.

ST:
What business opportunities do you see particularly in your sector?

India’s mobile app market grew sharply
last year, outpacing the US, and ranked number one in terms of Google Play
downloads, highlighting the vibrancy of the country’s mobile ecosystem. Indians
downloaded over 6 billion apps in 2016, up from 3.5 billion in 2015.





E-Commerce is a disruptive market and with
cut-throat competition there is always an opportunity for start-ups to come up
with innovative and out-of- the-box ideas. Therefore opportunities are in
abundance, the Jhakaas app will open up many avenues for us as a company as
well as benefit the small & medium level vendors delivering services to the
consumers.

ST:
How has been your entrepreneurship journey so far?

Our journey as entrepreneurs has been
quite challenging and fun since the past one year. Our association with local
vendors has been quite fascinating and challenging as work involved right from
the grass-root level. Overall having a unique product, we had an interesting
one year while working on the product. The world is moving towards products
that entail digitalization of services, cashless transactions & technology
related platforms that help them save time and resources. The small &
medium scale merchants, due to limited resources are unable to meet the demands
of the consumer in terms of these high-end technologies and therefore are an
outcast. We at Jhakaas Technologies are providing them with a platform at a
fixed minimal charge to list their products & services that will in turn
bring business to them.

ST:
As an entrepreneur, what challenges do you face in your day to day professional
life, if any?

Being first generation entrepreneurs,
this space was an unexplored domain for us. 
Every day is a new learning for us. Our associations with the offline
merchants made us realise the importance of customisation of services. For
instance, the merchants in Mumbai have a different requirement and mindset from
a merchant from Delhi or Bangalore. So we have done customisation to a micro
level, and find such challenges exciting to address.

Also, one of the key challenges we are
facing is hiring, as candidates are not open to joining start-ups due to the
fear of employee lay-offs. To this end, we can proudly say that those who
believed in us and joined us have been a part of Jhakaas Technologies initial
journey to now.

ST:
How big is your team? Are you planning to hire more?

At Jhakaas, we are a team of more than
50 employees in our Mumbai Office and with the growth of the company; we are
looking at expanding our employee count to about 150 plus by the end of 2018.




(L) Jeetendra Sanjeeva & (R) Bharat Mandot, Co-Founders, Jhakaas Technologies 
ST:
What are your future plans?

As a company, we would want to
increase our product presence across the Indian market by targeting over 45
cities with around 1.25 Lakh merchants across our various verticals. We want to
see a Digitised Local Market Place with Cashless Ecosystem.

On a long term we want to be the Desi
App in the Global Market. Our efforts have already begun towards growing the
company and have a large space across the sector. We have already started
working on it and hopefully you should get the good news of our first Global
outing very soon.  

Send you feedback to startupterminal@gmail.com

Tags: InterviewNewsStartup News
StartUp Terminal Bureau

StartUp Terminal Bureau

Startup Terminal is a global news portal reporting news and analysis on technology, start-ups, and business-related news from all over the world. We exclusively feature entrepreneurs, startups, businesses, and technology companies to reach out to a wider audience. Contact us at editorial@startupterminal.com

Related Posts

Aditya Arora
Interview

Young and brimming with talent: 25-year-old CEO Aditya Arora

June 29, 2022
C.R. Venkatesh, Founder of Minnal
Interview

Interview with C.R. Venkatesh, Founder of Minnal

July 27, 2022
Launching a startup Anuj Batra
Interview

Launching a startup is similar to making a plane take off and overcoming turbulence, says this biz guru

March 1, 2022
Next Post
Dot Desi appoints Om Thoke as Indian Brand Ambassador to focus on strengthening community of Desi Bloggers

Dot Desi appoints Om Thoke as Indian Brand Ambassador to focus on strengthening community of Desi Bloggers

Lechal partners with Croma to boost sales in India

Lechal partners with Croma to boost sales in India

Legal Impact of Data Protection and Management in the Digital Age

Legal Impact of Data Protection and Management in the Digital Age

Leave a Reply Cancel reply

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

Recommended

International Women’s Day Interview: Ami Behram Shroff, Head Mixologist/ bartender at London Taxi gastro pub

International Women’s Day Interview: Ami Behram Shroff, Head Mixologist/ bartender at London Taxi gastro pub

6 years ago
Tenda launches its first Made in India Passive product Premium 3+1 CCTV Cable

Tenda launches its first Made in India Passive product Premium 3+1 CCTV Cable

4 years ago
Tracxn releases its Fintech India Report - 2022

Tracxn releases its Fintech India Report – 2022

8 months ago
Interview: Dr. Shikha Sharma, Founder, Dr. Shikha’s NutriHealth

Interview: Dr. Shikha Sharma, Founder, Dr. Shikha’s NutriHealth

7 years ago
LIVE online interactive sessions for aspiring entrepreneurs and potential entrepreneurs

LIVE online interactive sessions for aspiring entrepreneurs and potential entrepreneurs

3 years ago
No Result
View All Result

Must Read

Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

IAA Leadership Awards honours outstanding achievers

Neweast to establish AED500 Mn Automotive Parts Distribution hub in Jafza

Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities

NLB Healthcare Partners with Nursing Norway AS and World Trade Center Pune to Launch Recruitment Platform for Indian Nurses

Cloudera Appoints Charles Sansbury as New Chief Executive Officer

Trending

AI4Rx launches MedBeat HealthConnect App
Launch

AI4Rx launches MedBeat HealthConnect App

by StartUp Terminal Bureau
September 21, 2023
0

Mumbai, India, September 21, 2023: AI4Rx, the AI powered, high-quality medical care platform for all, announces the launch...

PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24

PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24

August 11, 2023
enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance

August 10, 2023
Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives

August 10, 2023
IAA Leadership Awards honours outstanding achievers

IAA Leadership Awards honours outstanding achievers

August 10, 2023
Startup Terminal

Startup Terminal is a global news portal for Technology, Startups, and Businesses. Reporting on technology, start-ups, and business-related news from all over the world. We exclusively feature startups, and technology companies to reach out to a wider audience.
Startup Terminal is an official media partner at global conferences like:
#Mobile World Congress 4YFN,
#Barcelona, Spain
#ConnecTechAsia, Singapore (Formerly CommunicAsia)
#NXTAsia, Singapore
#Africa Com, Cape Town, South Africa
#Converge Events, Singapore
#young Startup Ventures, USA

Follow us on social media:

Recent News

  • AI4Rx launches MedBeat HealthConnect App September 21, 2023
  • PrepInsta Sets To Achieve 2.25 Lakh Student Placements Goal For FY 23-24 August 11, 2023
  • enza group and Wema Bank Join Forces to Boost Ecommerce Payment Acceptance August 10, 2023
  • Mubadala Energy’s 2022 Sustainability Report Signals its Intensified Focus on Decarbonisation Initiatives August 10, 2023
  • IAA Leadership Awards honours outstanding achievers August 10, 2023
  • Neweast to establish AED500 Mn Automotive Parts Distribution hub in Jafza August 7, 2023
  • Prosper Real Estate set to elevate UAE’s realty landscape with growth and investment opportunities August 3, 2023
  • NLB Healthcare Partners with Nursing Norway AS and World Trade Center Pune to Launch Recruitment Platform for Indian Nurses August 3, 2023

Readers’ Choice

  • Aneesha Dalal, SHIAMAK Dance Academy

    Interview: Aneesha Dalal, Master Instructor and Principal Dancer at The SHIAMAK Dance Academy

    350 shares
    Share 140 Tweet 88
  • International Women’s Day Interview: Arpita Mehta, Fashion Designer

    330 shares
    Share 132 Tweet 83

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.

No Result
View All Result
  • News
    • Technology
    • Funding
    • Tie-up
    • Acquisition
    • Australia Startup News
    • Singapore Startup News
    • India Startup News
    • UAE Startup News
    • UK Startup News
    • US Startup News
    • Launch
    • Video
  • Interview
  • Feature
  • Events
  • Variety
    • Startup Terminal 40 Under 40
  • Privacy Policy
  • Refund and Cancellation policy
    • Terms and Conditions
  • Contact Us

© 2023 Startup Terminal - Leading digital news portal-Startup Terminal | All Rights Reserved.