The Series F round was led by MC Global Edtech Investment, with participation from B Capital and others
Collectively, all the investors have collectively acquired a 3.53% stake in the company in this round
Media reports suggest that BYJU’S will raise about $700 Mn in this round, reaching the valuation of $15 Bn
Bengaluru-based edtech giant BYJU’S has now become the second highest-valued Indian startup, trailing only digital payments giant Paytm, after raising INR 3,328 Cr (about $460 Mn) as a part of its ongoing Series F funding round.
The funding round, which valued BYJU’S at a whopping $13 Bn, was led by MC Global Edtech Investment Holdings with participation from Facebook co-founder Eduardo Saverin’s B Capital and others. Tiga Investments, TCDS India LP, Arison Holdings, XN Exponent Holdings, Baron Emerging Market Fund, and Baron Global Advantage Fund also participated in the round, together with picking up a 1.21% stake in the company.
According to the ministry of corporate affairs filings, BYJU’S has approved the allotment of 1,40,233 Series F compulsory convertible preference shares (CCPS) at a face value of INR 10 and a premium of INR 2,37,326 per share. Lead investor MC Flobal has invested INR 1,628 Cr (about $225 Mn) for a 1.73% stake in the company. B Capital participated in the round through two entities, infusing about INR 561 Cr (about $77 Mn) in exchange for a 0.59% stake in the company. The round was first reported by Entrackr.
The development comes a week after reports emerged about BYJU’S looking to raise another $600 Mn to $700 Mn from new and existing investors, at a valuation of $15 Bn. Reports added that the company is in talks with the investors and the round could grow even further than the stated amount as the talks continue.
BYJU’S doubled its valuation last year, from $6 Bn to $12 Bn in less than 12 months, which included multiple acquisitions. The latest round represents a 2.1X or 116% increase in the company’s valuation from $6 Bn at the end of 2019 to around $13 Bn now. In case, the company manages to hit a $15 Bn valuation, it would represent a 150% increase.
Besides being the highest valued edtech startup in the world, BYJU’S also has a sizeable number of users. The company had added 25 Mn new students to its platform between March 2020 to November 2020, growing its user base to 75 Mn students, including 4.2 Mn annual paid subscribers.
The company has also been relying on impactful and big acquisitions to get a deeper control of the edtech market in India. Last August, it had acquired coding for kids startup WhiteHat Jr in August 2020 for $300 Mn. This year, the company is said to be in the advanced stages of talks to acquire Mumbai-based K12 rival Toppr and test prep giant Aakash Educational Services, which has over 200 physical coaching centers for engineering and medical entrance test prep.
The acquisition of Aakash would be the biggest acquisition in the Indian edtech space and would help BYJU’S make a mark even on the traditional and offline education ecosystem.
Content editor @ StartupHub.in. Mad about photography and startup ideas.
In this article, We going to see the technology tools for Small Business Management use to save money and time.
When it comes to small business management, you can have to wear several hats, and you’d like to save money and time. Fortunately, several technological tools are now available to assist businesses in carrying out their tasks in a more effective, streamlined manner, saving a significant amount of time and money that can be reinvested in other progressive areas.
We interviewed a few successful small business owners for this article. They also provided several choices for growing a small business with various tools, which fall into 7 main categories. We are attempting to compile a list of standard categories of business management tools for small business owners to explore and find the right tools for their needs.
Categories of Small Business Management Tools
1. Task Management Tools
Many easy-to-use tools have been identified by many small business owners as a cost-effective way for business administration. This group of tools allows you to track the planning and execution of administrative and operational tasks digitally rather than manually. This is a blessing for busy entrepreneurs who want to spend their time on progressive and innovative tasks rather than day-to-day operating tasks. It will also allow business administrators to track their own and other team members’ activities in real-time to gauge progress.
The best online task management tools, such as Restyaboard, Trello, and Asana, will help business administrators in staying on top of their to-do lists, schedules, and project management. It is possible to set reminders and one-click updates on these so that you do not have to review anything manually. These tools can also be integrated with similar tools used by others, ensuring that every team member is on the same page.
Many marketing tasks can be automated using intelligent tools, allowing business owners to concentrate more on development activities. Email marketing platforms such as MailChimp and Aweber will allow you to keep your email subscribers up to date on the latest deals and news from your business. Email Marketing Systems (EMS) can also send out mail newsletters on fixed schedules and engage with social networks.
Social media scheduling tools such as HootSuite and Buffer will allow you to schedule posts to go out at the desired time without requiring you to be present. You will also prevent distractions and remain focused on your marketing campaigns by not visiting real social media sites. With these tools, you can schedule social media posts for a week or even a month ahead of time and use the automated scheduling system to push your promotions at the right time.
3. To Schedule Meetings
Setting up and executing the meetings successfully is critical to effective business management. To set up a meeting with different parties at an agreed-upon time, there is a lot of communication required through email and messaging back and forth. Scheduler tools such as Acuity and Calendly, etc, will help in automating this process by bringing everyone on the same page in terms of meeting schedules. You can arrange the meeting and share the link with other people who can also pick from the available time slots to set up the meet.
4. E-Signatures on Documents
In today’s global business environment, getting the physical signature of the person in question on every document, such as agreements and contracts, is unlikely. As a result, tools such as DocuSign and HelloSign can be useful. You can use these tools to upload your documents, label where signatures are needed, add an email address, and the system will generate the signed documents for you. It will also ping the authorized persons with reminders if documents are due to be signed at a certain time. With a good E-signature tool, there is no need for enterprise personnel to physically sign documents or wait for the post office to open to obtain contract documents in a hurry.
5. Manage Business Clients
To gather and retain business clients and uncover the hidden revenue, you may use good Customer Relationship Management or CRM platforms like SalesForce, Hubspot, Insightly, etc. These can be invaluable tools in business client management. A good CRM can track potential customers and communicate with them as they move through the sales funnel. These platforms also have advanced tools to nurture your relationships with them.
CRM can also assist you in making solid decisions based on data rather than intuition. You will see the customers in real-time and track them to gain actionable insights about them. You may also view the contracts based on specific data points such as the type of product they are interested in or the region in which they are located. As a result of this, you will be able to properly target them with personalized follow-up messages for repeat business. With this strategy, the marketing results will go much further with little effort.
In business management, you must work with several people and teams, which is where online file-sharing platforms like Dropbox and Google Drive come in handy. These are digital tools that can ensure that anyone who is working on the same version of an official document can access the same updated version of the same. Shared docs prevent anyone’s document repository from getting clogged with multiple copies of the same document, which confuses.
You can also work on the documents in real-time to see what other people have attached to them. You can also control these documents by granting other team members the ability to access only, view and edit, add, update, or delete documents, and so on. In addition to internal teams, you may use these tools to collaborate with clients and vendors to keep track of what everyone involved may need.
Similarly, many technological options can make small business administration much faster and easier. However, to fully use these, you must first learn the features in each and be knowledgeable about the technical aspects.
This article is about the top 10 best free and open-source software for small businesses.
When starting a business, you will undoubtedly be concerned about the costs involved. What would the payroll cost? What will the rent be on your business space? What is the IRS’s cut?
You may not understand the costs of having your business’s technology up and running at first. These, however, can quickly add up – and even with an email provider in place, there are still other packages to buy, such as communication and accounting software.
To help you save money, we’ve compiled a list of the top ten free software solutions for small businesses.
Whatever your industry, effective communication among team members is almost certainly critical to the smooth operation of your company. Slack, an online communication tool, allows you to try its services for free for an unlimited period. If you use this software, you can organize your team messages into channels, allowing those working on a specific project to communicate more effectively.
The free plan gives you access to 10,000 of your team’s most recent messages. Other benefits include unlimited one-on-one voice and video calls for individuals, as well as 10 integrations with other applications such as Google Drive and Office 365.
If you want access to more functionality, you can upgrade to one of the company’s paid plans, which offer services such as group video and voice calls.
If you’re juggling numerous projects across your company, you could improve your efficiency with project management software Restyaboard. Based on the Japanese model of Kanban management, Restyaboard uses virtual boards that enable you to visualize your progress on key projects and then decide on your next steps. The most common analogy used to describe the software is a whiteboard covered in Post-It notes.
You can also assign tasks, establish timelines, create calendars, and view metrics. Once you’ve created a new task, every aspect of the task can be managed, tracked, and shared with other members of your team.
Another point in Restya’s favor is that the software has integrations with apps such as Confluence, Slack, Dropbox, and Evernote.
While the term “spamming” evokes a sense of dread in most legitimate business owners, email marketing can still be vital to the success of many businesses.
Mailchimp is a marketing automation platform and email marketing service based in the United States. Using the free version, You will have access to many features, including one-step automation, which will deliver messages to your customers based on who they are and how they communicate with your business.
You can send messages to a single audience of up to 2,000 contacts with this version. While these figures are likely to be sufficient for many small businesses, you can raise them by upgrading to one of the company’s paid plans.
With the rise of remote working, it is important that you choose the best video conferencing platform for your company’s needs. Even though many competitors have appeared in recent years, Skype’s free plan remains one of the most attractive on the market. In addition to one-on-one chats, the app allows group video calls of up to 100 users.
A major advantage here is that you don’t need to download an app to use the service, and can do so through your browser.
For many small business owners, invoicing is one of the most time-consuming aspects of the accounting process. Using the free version of Wave’s customizable software, you can create an unlimited number of invoices in any currency.
You can also view your customer transaction history, set up invoice notifications to email your customers when payments are due, and track sales tax. Another attractive feature of the software is the ability to set up annual billing for repeat customers, which could significantly minimize the amount of time you spend chasing down payments.
If your business requires a website (which it almost certainly will in the digital age), Wix’s free website-building tools will come in handy. The software, which operates through a simple drag-and-drop interface, allows you to add key elements to your site without any knowledge of coding, making the process much less complicated for beginners.
If you want a simple website, the company offers hundreds of free design templates. However, bear in mind that the free version will automatically view Wix advertisements on your company’s website.
If you’re a fan of traditional Microsoft Office packages like Word, Powerpoint, and Excel but don’t want to pay for them, LibreOffice is a good free alternative.
Its main services are Writer (word processing), Impress (presentations), Calc (spreadsheets), Base (database), and Draw (vector diagrams). As the successor to OpenOffice, LibreOffice is compatible with a range of document formats such as Microsoft Word, Excel, and Powerpoint.
Whatever your organization’s size or industry, sending and receiving email is likely to be at the heart of your operation. While it is less well-known than some of its competitors, the free email app Thunderbird is likely to provide all of the features you require to manage email communications across your business.
It has a mail account setup wizard, a quick filter toolbar, tabbed email, smart folders, and an add-ons manager as its main features. You can also add people to your contact list with a single click by clicking on an icon next to their name when they send you a message.
If you’re sharing large documents, you can also speed up the transfer by uploading these to an online storage provider and sharing the link.
Duplicati, an open-source backup software, allows you to back up files and folders using solid AES-256 encryption. It will also save space on your network by performing incremental backups and removing duplicate data.
If you use Duplicati, you can perform updates through the web-based interface or the command-line interface. The software is configured through a web interface that runs in any browser and can therefore be accessed from any location.
Duplicati is compatible with Windows, macOS, and Linux operating systems.
Smart HR software Freshteam provides services such as applicant tracking, onboarding, and time-off management. The company’s Sprouts plan is free for up to 50 employees and provides a dedicated recruiting team inbox, a basic careers site, and an employee directory.
If you’re not sure if Freshteam is right for your business or have questions over which plan to use, the company provides a free demo of its services. The free plan is also available as iOS and Android mobile apps.
While you’ll probably never reduce software costs across your business to zero, the open-source apps listed here can at least help you make significant savings.
Remember to pay close attention to licensing when selecting free software for your small businesses, as you could put yourself at legal risk if you choose a tool that isn’t certified for professional use.
Trello, like Pinterest, was conveniently laid
out in visual tables.
The development of a checklist within a project
The tagging of another team member to a project
board was fast.
Too many boards have made it hard to quickly
In attempting to reference something inside a
project, I found myself spending too much time searching for details.
The look and feel of the product seemed to be
less professional than other tools I have used for project management.
Trello Review – Trello is a project management platform designed to help people and teams work well together and keep their projects coordinated. They offer a freemium model that allows an infinite number of boards, lists, and cards to work with users. Cross-functional divisions may also be combined with it.
There are several different versions of the app, and this
review will mostly focus on its enterprise options.
In what Trello refers to as boards, every aspect of a
specific project is placed. Each board is categorized using lists, with each
list containing individual cards that have additional project specifics, such
as the participating team members, task checklists, discussions, and comments.
For easier searching, cards can be annotated with labels.
Inside a single board, users can sort cards and locate a particular card using
the search tool at the top of the page.
On any mobile device, including smart watches and Kindle
Fire tablets, Trello is available. In real time, any updates or modifications
to boards, lists and cards are made as data is synchronized automatically
across all devices.
Trello is a free service that allows users to operate with
an infinite number of boards, lists and cards. One Power-Up per board can be
added by free users. The number of people with whom users can collaborate on
the free version of Trello is unrestricted.
These paid options are provided by Trello:
Trello Business Class-Trello Business Class
contains not only the characteristics of a free account and Trello Gold, but
different business-oriented characteristics for enterprises. Business Class
users can also install boards with an infinite number of Power-Ups. More
details are available in our Features section below.
Trello Enterprise – Organizations with more
extensive requirements should opt for Trello’s Enterprise plan, which provides
features tailored for large corporations that must manage projects with several
Ease of Use
The quick, visually appealing UI of Trello makes it
extremely simple to use. I was able to easily navigate the app only five
minutes after I signed up, making cards and boards like a pro. Most of Trello’s
features include drag-and-drop, and all the information about a mission can be
accessed by double-clicking the card.
Trello has many user-friendly functions, including the
ability to mark the cards for better organizing and via power-ups to
incorporate more advanced features. One of the main selling points of Trello is
ease of use, and it is one of the reasons that users appreciate the most on
review pages. By subscribing to a free Trello plan, check it out for yourself.
Trello is so simplistic that we do not consider it a
complete solution for project management. Instead, it is more like a program
for job management. To build to-do lists, delegate to-dos, and coordinate
upcoming tasks, you can use Trello.
Trello also has some fascinating and realistic features that
the app has already built in. Here are the features that you can expect to find
(including those that are available as Power-Ups) inside Trello:
Dashboard: The key knowledge center is Trello’s home
page. This page collects information from all your boards and shows important
things for your convenience (such as upcoming due dates). Before jumping into
activities, Trello’s home page is a great place to go to get the general pulse
of your projects.
Project Management: In Trello, on numerous boards,
tasks are coordinated. While there may be different uses for Trello boards, it
is better to view them as representing projects or goods that are continually
evolving and developing. Every board consists of one or more lists (composed of
individual cards) that “represent a set of ideas, things to remember, or
different phases of a workflow.”
Tasks: As Trello’s most basic aspect, cards can
reflect everything from tasks to new features, legal cases, problems with
customer service, or story leads. Cards may represent consumers or future
employees as well. In the 3×5 card
metaphor, the folks at Trello are invested. Users must turn the card over to
look at the ‘back’ to display card information, such as subtasks, attached
files, descriptions, and so on. In true kanban fashion, to signify progression,
individual cards may be shuffled from one list to another.
Gantt Charts: While Trello does not offer Gantt
charts as a built-in feature, via several Power-Ups, this tool is available. I
added one to my board named Big Picture and I considered it satisfactory. It is
not quite as robust as you find the Gantt charts built into other apps, but I
am glad it is an option at all.
Time Tracking: Time tracking is not a built-in
feature, but with a few different Power-Ups, you can access it. I added my
boards with the Chronos Time Tracker, enabling me to log time on individual
cards and export my time to an Excel spreadsheet.
Calendar: Each board also has an optional Power-Up
calendar that allows users to display their calendar cards. To change due dates
with this calendar integration, users can switch between week and month modes
and drag-and-drop cards between calendar days. Importing these feeds into
external third-party calendars is also possible. You can easily import several
iCal feeds and merge them into a single view on your external calendar if you
need or want to view all your board’s cards in one place.
Messaging: You can interact by leaving notes on cards
with your team members. Using @mentions to get the attention of particular
Email Configuration: Trello is automatically programmed
to send you periodic emails updating what’s going on each of your boards. You
can change your settings so that Trello can regularly, immediately, or never
give you these emails. To build Trello tasks, you can also use email. You may
either draft an email or forward it to a special email address associated with
your board at Trello. The subject line of the email becomes the title of the
card, and the body of the email becomes a summary of the card. The card also
automatically adds any files attached to the email. There are also ways of
assigning labels and adding members via email to the new card.
Power-Ups: Power-Ups allow users, with card aging and
voting features, to boost the functionality of their boards. Card aging is an
especially intriguing integration that seeks to highlight cards that have not
had any recent operation. When card aging is allowed, inactive cards begin to
slowly disappear or yellow, fade, and crack like an old treasure map if the
Power-Up is in Pirate Mode(!)
User Types & Permissions: Three different types
of Trello users can be created: regular users, observer-level users (only
available with a Trello Business Class subscription) and virtual users. Most of
the members of the account have regular user status. Observers are restricted
to read-only access, as the name would indicate.
Many who have been invited to join a board but have not
officially confirmed their account are virtual users. Different permissions may
also be issued to users. Board administrators, for example, have the authority
on boards to alter something. Some users are only given access to one board.
Other users have member status with the association, which means they can
theoretically see all boards in an entire organization.
Templates: It gives you the ability to turn a template into any card. Simply press the ‘Make template’ button on the back of the card.
Attachments: Users can add several attachments,
either from computer hard drives, Google Drive, Dropbox, Box, or OneDrive, to
their Trello cards or by pasting them into a connection. Documents attached
from file storage programs connect back to the document’s original copy when
attachments from a user’s computer are copied into Trello. One of the features
I really enjoy is that Trello automatically places the image (known as a ‘card
cover’) on both the front of the card and in the header of the ‘back’ of the
card if you connect an image file to a card. That makes it simpler to quickly
recognize cards. Trello attachments can
also be previewed without needing to download them by simply clicking on the
thumbnail of the attachment, which I find useful.
Customization: To customize the backgrounds of their Trello boards, users can choose from different colors and pictures. The size of the file can be restricted by the plan tier. Using stickers, It is also lets users customize their boards. Stickers are an unnecessary yet rather whimsical element, a’ simple but enjoyable way to add visual flair to your Trello cards.’ They may be used for practical reasons, for example, to show the status of a card, or only for kicks and giggles. Custom stickers can be submitted by users with paid subscriptions.
It is aimed at enterprises of all sizes in all sectors. Below, we have identified 10 of its clients:
British Red Cross
Deutsche Bahn AG
Government Digital Services
Either on the Trello site or through their Google accounts,
individual users can create a Trello account for free. Companies who are
interested in a paid plan will directly contact Trello’s sales team.
For customized implementation and onboarding, clients on the
Enterprise pricing plan would have access to a dedicated account executive.
Trello Customer Service & Support
Trello customer support is only accessible via email and web ticket; you cannot contact a representative via live chat or call in with questions. That implies that you will have to wait by email for answers to your requests. When I see that email and web tickets are the only ways to reach help, I am still a little disappointed. It is good to be able to call in and get an answer within minutes in some situations. Fortunately, during business hours, It is fast at responding to messages. I got a thorough reply in just over an hour when I sent in a support request. Here are all Trello’s choices for support:
Email: During normal business hours, It provides all users with email support (Monday through Friday, 9 AM to 5 PM EST). On big holidays, It is closed.
Contact Form: By filling out Trello’s Contact Form,
build a support ticket. In your post, make sure to be concise and clear and
include attachments to any related screenshots or documents.
In-Software Help: You can find links to Trello’s
knowledgebase and community platform inside your Trello dashboard. You may also
request a contact form or check your dashboard for help documents.
Knowledgebase: Various Trello Knowledgebase guides
and articles help to clarify the basic principles of the app, enabling users to
troubleshoot specific problems.
Community Forum: It has a community forum that is active. Comments and questions are often posted by users, and other Trello users (and often Trello employees) respond with suggestions.
Videos: It has 18 on-demand webinars available covering topics such as getting started, using agile, and integrating automation into your Trello account.
Feature Requests: Send your requests for features via email to Trello. It is frequently adds features to its software. In its “Trello Development Roadmap” board, you will see prior additions.
Blog: The company’s blog is well-written and always
appears to be updated.
Social Media: It has a page with news releases, posts, announcements, and the like on Facebook. A similar feature, complete with posts, updates, and fun and creative suggestions about using cards, is the Trello Twitter feed. On LinkedIn and Instagram, Trello is also active.
An infinite number of forums, lists, members, and
attachments are part of the free edition of Trello. Users can attach files of
up to 10 MB from their computer or from Google Drive, Box, Dropbox, or
Microsoft OneDrive. With one app (via Power-Ups) per board, they can also
The Business Class plan costs $9.99 per user, per month (if
charged annually) (if paid annually).
Costs are tiered and differ according to the number of users
for the Business plan. For an exact quote, contact the seller. The Enterprise
plan provides single sign-on access, advanced Butler functionality (unlimited
command runs) and enhanced security features, such as attachment limits and
general permissions for the organization, in addition to the features in the
Business Class plan.
It does not accept hierarchies that demonstrate relationships between tasks and projects. Users have also stated that, instead of only organizing them in a linear fashion, It could add more versatility and customization to arrange cards.
Here are some Trello Alternatives.
Why Restyaboard is the best Trello Alternative?
With Restyaboard, you get a free Trello alternative that
offers team and project management, all the while catering to traditional Agile
frameworks. Restya’s open-source project management board focuses on minimizing
the human interaction in the process of project management, thereby elevating
the efficiency and accuracy.
A Kanban tool for businesses of all sizes, which helps with
creation, importing, adding boards, keyboard shortcuts, organization
visibility, user permissions, calendar and more.
As an alternative to Trello, his project management platform is one of our top recommendations. Restya also helps you to be more open to clients using the Questions tab, much like most simple project and team management applications. Here are the some Restyaboard Feature
Frog Creek Software released Trello in 2011 as a free app to help individuals and organizations remain organized and communicate with their teams. Up until 2012, when it became available on Android devices, the app was originally only for iPhone users.
Trello’s Trello Business Class, a paid business plan, was
introduced in 2013.
In 2014, the business spun off into its own company called
Trello Inc. It was purchased by Atlassian, the Jira Software provider, in early
2017. It has gradually grown its client base over the years, most recently to
over 19 million registered users.
One interesting fact about Trello: Taco, the co-dog, founder’s is his spokesman.