#56 - Shark Tank Secrets Revealed Ft. Satyajeet & Amlan - podcast episode cover

#56 - Shark Tank Secrets Revealed Ft. Satyajeet & Amlan

Feb 11, 20241 hr 1 minSeason 2Ep. 26
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Episode description

What's in the mind of an entrepreneur and what are the boons and banes of being one? See how it was building Fydo, going on Shark Tank, and the future of startups in Odisha.


00.00 Intro

0:30 Story of Satyajeet

1:56 About his first start up Egreen Vision

4:15 What is Fydo?

5:06 Secret to get more clients

6:39 Story behind Funding from Microsoft

8:17 Impact on a company after VC's investment

11:30 Secrets of Shark Tank

15:49 How should be your Pitch deck be?

17:05 A Start-up Fun game

35:53 A day in Satyajeet's life

38:44 Start-up culture in Odisha

39:57 All about Satyajeet's new event company

44:22 An entrepreneur's view on work-life balance

45:18 Odisha's growth in the field of business over the years

48:11 What do founders gossip among themselves?

50:56 Is CGPA important?

53:58 What can the Indian Start-up space adopt from other countries?

57:44 Satyajeet's suggestion for Astrix and young founders


Supported by #redbull


(The Astrix Show - Season 2, Episode 26)


Episode hosted by: Amlan Tripathy

Idea and creative by: Amlan Tripathy

Edited by: Siddhant Tripathi, Nilesh Patnaik

Graphics by: Arindam Panigrahi

Show Notes by: Shruti Sinha

Crew: Anirudh Das, Amritansu Sahoo

Location Courtesy: The Space, Patia

Produced by: Siddhant Tripathi

Transcript

Story of Satyajeet

Hello Satyajit Bhai, welcome to. The Asterix show Hello. How's It's good. You know, like there are a lot of people in Odissa, those who are killing it, but like stories. So we'd start the podcast with story background, like how do you started and everything about it? Got it. Mera story Surota like from the college itself. Entrepreneur journey because of Sepele. I was into this UPSC and all stuff. 12th movies. I was into that first, second year, third year, even third

year, then third year. I went into my different clubs. Was one of the club entrepreneur was one of the things 4th key not 4th but just pass out. So I was into you know though now excite the UPS startup itself a both hectic right and initially funding. Then we started off for startup

About his first start up Egreen Vision

and it was related to battery swapping technologies, green vision, green vision and basically charging stations. Public electric vehicles, founder startup product market that was the thing and Skoda Meera placement. I was also working for a period of time with them. It was a hectic journey. Corporates of Mera Branch Mechanical. It was related to my branch itself, Mechanical like you were preparing. For UPSC completely. Kind of like full time third year say I started choosing this

like my friends came. We were also selected. I was selected like not I. We were selected for a lot of competition. Hackathon Jawan College, Niti Ayog, Smart India Select. We went to Pune and this idea only then it was kind of acquired corporate. So that was it. So like, I don't know how many

What is Fydo?

people know about exactly what your company does and everything about it. So like what? The concept of Fido Everything. Solve problem and family members already business line. So that's what, like, that's what motivated me to start this, OK? So like basically like, hum hum.

Secret to get more clients

We just like Asterisk as a startup. Hum agencies, so hum. Those agencies like social media, post website, banana, everything. So difficulty clients. Clients so. Like as a startup founder, you know our clients are consumers. Initially starting the customer like one of the very good thing about advertising but startup clients both important out there is important networking type of startups.

You have business, networking, Context, events, platform, Greek. I always just start care and I already have got customers from IIT. Everything is but networking, networking, That's very

Story behind Funding from Microsoft

important. Like companies say you know funds name Microsoft. Like Microsoft, it was selected. By Government of India only select for a delegation for it's their biggest. So we went over there and I got the referral from my for like with from Microsoft and they helped me a lot like all of countries, Saudi Government of India through Sagaya even Dubai.

I went to ome government of Odissa sponsored Sagaya and it was body companies, willing body companies because everyone comes there like it's the biggest Expo from Middle East and when you go and talk them they are also have India, they are representing India. That's how it happens. So like make important change company Jabi bootstrap or Jabi

Impact on a company after VC's investment

Funding, Funding, Company difference, company funding or which is Jada profitable and all? Bootstrap or funding Ek important bootstrap ticket again perspective percent to percent depend bootstrapper funding the founder the totally percent to percent depend 100% but company group but 10,00,00,000 values and funding there Tamara 90% Tamara already 90% value Yeah main scene 10% stake investment investor. By company may continuously cash

burn up investment. You go on, bring sponsorships and a lot of like in general just say, you know, mostly food industry and everything. Startups with round of funding or funding at least right finalist.

Secrets of Shark Tank

Starting from that simple form, you go to the website, you fill the form, basic details first screening second, screening details, one of the financials details. Second, Third. Videos, Videos, Company, Third Stage. Business. From the very first. Stage companies business minds or proper businessman production? Or business investors? I don't think investors, because they have got funding sports company basketball investors. Have you started investing in

other companies? Investing directly to it's like 5040 fifty. So it's not like investing. It's like Mera Justin Fido, Mera Fido. Say mere ABI employees team member don't know startups or not even direct cast but competition. Aw, Google cloud credit it's like three ₹4,00,000. That type of help I have done and I feel happy college students rather than going into this corporate world. Startup economic contribute May founder Angel investors

How should be your Pitch deck be?

Category Already founder have been to where I Was the Judge and.

A Start-up Fun game

5 situations or is situation like big startup founder counter or you have launched a product in the market but you are facing fires competition from a rival company which offers a similar service. Which founder would you consult on? You know how to differentiate a product in green and. Edge they go competition unless you are a scientist. Tumkoi Ditech product, Banayo to hiring basic. Then Ola came by India. So there will always be competition.

Competition we also used to do or Tesra factor here Tamara customer experience, customer satisfaction, both important competition. I'll suggest him. So I like next question cash back or discount to general public of cash back or discount company like Amazon startups you know they they discounts so whose time pay exactly company gets a discount. They go business. ₹20 margin, 10% discount, normal listing price. It's just that

second point. Other startups startup funding about important investors, market fit, customer, customer discount ticket. They beat investors ₹3 per platform or investors funded so like next. Question. You have a vision and a mission for your startup, but you're not sure how to effectively communicate with your customers, partners, and investors. Which founder would you follow on How to craft a compelling, inspiring story with which resonates with the population

proper story, storyline create? Founders again, but is a very good guy. Met him once or twice, he was like and then that's how he created. You can surely you can talk to him. Help me. He will talk. He's a good guy. So our third question is you have a loyal and engaged customer base, but you have to expand your reach and acquire new users. Which founder would you emulate on how to create a viral marketing campaign that generates A buzzword for the people? Product or Product?

Normal startup so companies logo. Like initially Bhatsaram young startup founder Zinka Sara business mostly service based or product based business business normal like you know individuality or time consuming business go to. Market strategy, service based, product based GTM repair first start employees, then they used to do it. You just hire someone. The company does the same thing. In fact, company, soft India, employee city, even state vendors and even startup

product ready marketing. The best funding is your customer funding. But customers say or you experience like funding company. Best case that both the investors are Pasalenika, JAB, AAP, Samajiroki by Mereko XCT, Mera mere customers ID investment low Cookie, Bina Bina investment. Like come next question, you have a lot of data and feedbacks from your customer, but you are not sure how to analyze it and how to use it to improve your product and service. Which founder would you rely on?

How to leverage data and analytics to drive customer? I would rather rely on different companies just same I am forwarding the name of few of the companies.

But as to if you have the data just say third party platform use to data company data analyst just a man lo users payments customer retention here Mau kidna monthly activities daily activities data companies users rather than I am like rather than talking with some famous investors of some another startup which is better maki like established. Like situations for example, so is.

Situation 79 rupees ₹799 Who Tumhe Apna brand quality or TUM product price Customers. So this is our last question. Assume you have to a great team of Co founders, but you have different opinions and perspectives on how to run a startup. Which founder would you model after Jinka Collaboration culture or respect or consumer feedback, Constructive feedback? Baja Sahi Chalai uptake Baja companies from Dekhte Ki Co founder Separate long time. It's very normal. It's a very normal thing,

founders say. It's a very normal thing to a company match Mindset, mindset, constructive criticism by and initially work segregate karna, important job, technical background or. For example, Co founder business background initially company business completely. Business I Kitum Co Founder or A day in Your Life? As an entrepreneur.

A day in Satyajeet's life

We are and Ek College recommendations, Friend Junior College final Kia event, three days event, final Kia. I love what I do. I just love IT. A College final KR Dusre College Event Organization. Meet AIMS Office, Saturday Business Events, Water Park Entertainment Kingdom Client App, Website Build Events. They were very happy. They are actually startup startup.

Start-up culture in Odisha

That's why I feel very happy, very lucky and startup Odissa in comparison to other kids, both startups like. Basically. Government Entity by startup start. But you will get that Startup. Yeah, Startup Policy. Those are Sola, Startup, PDM, Marketing Assistance, Grant Milega, Monthly Allowance, Fund of Funds, Events Platform and they were very happy.

All about Satyajeet's new event company

So up suddenly so like. Suddenly the market because initially deals and discount the custom customer retention a problem with the customer, problem with the B2B2C. We are a marketplace model and Co founder, events group, events, tickets booking platform and then events, events in fact but separate brand. I didn't mismatch event booking platform, platform, separate brand. I didn't create great greet events booking platform fight

second insider. You will get a dedicated relationship manager, personal Coach event and J Hamarika Samaloki Mote humble event, dedicated relationship manager, Problem solve, customer score organizers, score 24/7 ARM customer support provider will provide a on ground event planner, YouTube, live streaming, branding. I don't have idea book my events but yes and home homegrown and

businessman. You will have competitors and then you have to choose customer experience, price, yeah, product you have to decide unique selling proposition and then you can go on or. So like you know you love your

An entrepreneur's view on work-life balance

entrepreneurship journey and everything but like after a time job like 2829 and all work life. Balance. Family. Family. Easy corporate. Startups grow and everything so

Odisha's growth in the field of business over the years

like. Like. Best Support and encourage Startup Express School Students, College professional Banjo support and easily startups already. Grow controversial but toxic Culture or startup marriage? That's an issue. Startup Retail startup Market. Retail Consumer Market. Startup market Health market again. Annual growth rate market and toxic culture. Political science article like freedom of speech start. Founders and all those,

What do founders gossip among themselves?

everything. So we found a community in general. In general funding Competition founder Joseph A. Group networking both important founder ticket it help both. It's a full time events and when I will go there and message I will get a lot of events you. Know college and everything Startup journey. Family support Eight. Love seven last time or Abibi friends? Jinko startup family support. I was very.

Is CGPA important?

Lucky founder community in general traditional companies to like Engineering 8. .5 I don't know what corporate. I was very happy. Maybe, I don't know, maybe. I don't think CGP matters. Jolo experience problem over or initial early stage startup team? Both important. Body professionally employee stocks, but I said.

What can the Indian Start-up space adopt from other countries?

But in general India startup or in general entrepreneurship? I have been to multiple countries or her country India like literally Government of India government. I have been given grant by Government of India, in fact Government of India through schemes, Biotech startup about the science, Individual Companies, Individual Company, Individual market, Clear Capital, Silicon Valley or Europe Investors USA Job Investors, investor, India

founder. He's an Angel investors in fact, when I was in Finland when I was in Helsinki, Finland, Joe, either Europe. Type K Tech City Silicon Valley like. Give main thing special economic zone, I think. I think, I just, I think different cities FDI.

Satyajeet's suggestion for Astrix and young founders

So the whole benefit or in general? This is the main thing and podcast, second podcast that is very best for marketing, merchandise, merchandise, marketing. You need to associate with either Joe, because I was into somewhere else and I do that thing to both normal merchandise. You should promote it Agency like what is that? About websites. Social media management, Social media management, Client say client say networking. Networking is the best thing. I need a social media manager.

You can say contact. Or connections Twitter, Twitter, Twitter networking, Twitter, LinkedIn, Personal connection, Important social media marketing.

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