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Ticket to success: Inside BookMyShow’s journey


on founder Ashish Hemrajani is the brains behind a revolutionary way to book cinema tickets in India. The goal is to make it such that you can purchase movie tickets simply by showing up at the ticket desk and seeing the “HOUSE FULL” sign. He claims that this will allow consumers to skip long lines and spend more time watching their favourite movies.

The starting journey

When Ashish Hemrajani came up with the idea to create his own company, he was working for a South African advertising firm. He founded his first internet company, Bigtree Entertainment Pvt. Ltd., when he was 24 years old, with his head office in his bedroom. He convinced Rajesh Balpande and Parikshit Dar, two of his pals, to join the company. Soon after, the trio embarked on their entrepreneurial path together, paving the way for Bigtree.


After the Dot Com Tsunami in India, Hemrajani, co-founder and CEO of e-ticketing software company ‘Dot Com’ opted to start afresh. When they were compelled to shut down their firm, the company was doing well and employing 150 people. He has now put all of his savings into a new business to get back on his feet.

Applying the lessons learned is a ticketing website that was founded in 2007 after Network 18 invested INR 14.5 crores in the company, giving them a 60% share. BookMyShow soon grew in popularity and was shown all over the internet. During the global financial crisis, they were able to acquire top staff and run call centres for all of their clients as well as ticketing back offices. They eventually had to raise money from new investors, and luck finally smiled on them in March 2007, when the timing was ideal to relaunch the ticketing business.

The title of ‘Hottest Company of the Year-2011-12’ was given to BookMyShow. In 2013, they signed a five-year strategic collaboration agreement with PVR Theatres, adding 250 extra screens to its 1500+ cinemas. With 500 million monthly page views and 35-40 million unique visitors, BookMyShow generates $100,406 in monthly revenue from advertisements. The pandemic might have forced them to press pause on many a plan, but the show is surely set to resume once the lockdown lifts.

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Facebook to rebrand the company ‘Metaverse’




Facebook is the world’s largest, and arguably most influential, social media platform, with more than 2.8 billion monthly active users and a net worth as of now of $1 trillion.

It’s safe to say that the majority of our lives rely on Facebook. Recently, Facebook, the parent company of Instagram and WhatsApp, hit the headlines when it went dark for six hours, causing havoc all over the world.

According to a report by The Verge, Facebook is planning to rebrand the company with a new name to focus on building the metaverse. Metaverse, as the term suggests, is a virtual-reality space in which users can interact with a computer-generated environment and other users.

According to the report, CEO Mark Zuckerberg will reveal the company’s new name on October 28 at the annual Connect conference, but it could be announced sooner.

Facebook, which aspires to be renowned for more than just social networking, revealed on Sunday that it will hire 10,000 people in Europe over the next five years to help construct the metaverse, which the corporation regards as critical to its long-term success.

In July, Zuckerberg said that Facebook’s future lies in the virtual metaverse, in which users will live, work and play inside.

Facebook already has more than 10,000 employees who build consumer hardware like AR glasses that Zuckerberg believes will be as ubiquitous as smartphones.

The company wants to be known as much more than a “social media” company, and is promising to change the way humanity interacts.

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One to lookout for: Rakesh Jhunjhunwala invests in a furniture startup!




Rakesh Jhunjhunwala, often referred to as India’s own Warren Buffett, is an ace investor with a track record of successful investing. Many treat him as a bellwether, and look to him for guidance and inspiration when it comes to navigating the vagaries of the investing landscape. And so, it would be of interest to investors to know that India’s Big Bull has out his money where his mouth is and invested in a furniture-based startup, Arrivae.

What is Aarivae?

Founded in 2017, Arrivae is a customized full home interior solution provider that enables customers to get the house customers want. From designing the finest homes by some of the finest architects and interior designers to material supplied by some of the most credible vendors. It specializes in providing practical solutions for various situations. Arrivae works in four simple steps; meeting the designer, designs made for customers, intelligent manufacturing and lastly concierge services.

Arrivae raised Rs 50 crore in its first round of external funding, backed by ace investor Rakesh Jhunjhunwala. Enam family, Siddharth Yog (Founder, Xander Group), Anand Jain (Chairman, Jai Corp), Harsh Jain (Founder, Dream 11), and Ramesh S. Damani (Chairman, DMart) all participated in the fundraising round.

“At Arrivae, we’re still in the early phases of our plan to build India’s most comprehensive home renovation ecosystem. Partnerships are important to us at Arrivae because they help us build brand confidence in the ecosystem, especially among customers.” said founder Yash Kela.

Kela rounded things off by saying, “All the veterans who have participated in this round will enable more faith in the Arrivae brand.”

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The right pricing will be crucial for the launch of Zydus Cadila’s vaccine.




The destiny of Zydus Cadila’s Covid vaccine is in doubt, as the vaccine’s price appears to be delaying its introduction into the vaccination program. The business has received emergency use authorization from the FDA to inject its Covid vaccine, ZyCoV-D, to children aged 12 to 18.

Zydus Cadila, located in Ahmedabad, has imported the pharmaJet, a needle-free applicator for painless intradermal vaccine delivery. 

Each jet is responsible for delivering a specific amount of vaccination. 

As a result, a single dose is split into two shots, one for each arm. “It’s an expensive device and hence jacks up the overall price,” a government official said.

Around 20,000 dosages can be administered with the jet injector.

The government has been purchasing Covaxin at 225 per dosage and Covishield, another Covid vaccine developed in India, at 215 per dose.

The price of the Zydus Cadila vaccine, according to Health Secretary Rajesh Bhushan, will be significantly more than that of existing vaccines.

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