A Quick Look at Business Ideas That Have Emerged Post DemonetizationHere's what Ola, Paytm, MobiKwik have done in the last one month!

BySneha Banerjee

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Shutterstock

India completes a month into its revolutionary reform ofdemonetizationwith an aim to sweep out black money from the system. During the last one month, firms have lapped up this opportunity and have come up with a number of business ideas.

Paytm Leads the Pack

Founder of One 97 Communications Vijay Shekhar Sharma sprang at the onset of this policy and have come up with business and marketing strategies during the last month. One can now use Paytm using non-android devices, without using the internet. The company also is reorganizing its business ahead of the launch of its Payments Bank, merging the wallets business with payments bank operation.

Ola Cabs

Tired of standing at long queues? Not to worry! The Indian cab aggregator has now partnered with various banks to provide mobile ATMs to people who are facing the wrath of serpentine queues outside banks. Ola cabs will be stationed at differentYes Bank branches with PoS (Point of Sale) Machines inside where people can swipe their Debit Cards to withdraw an amount up to Rs 2000 per card.

Book your Chotu! Really!

BookMyChotu, a Delhi-based on-demand startup will help you hire a person who will stand for you in an ATm queue for Rs. 90 per hour. Users can call/book this service online to hire their helper.

Lighter payment apps!

To do away with the concern of heavy mobile apps and data usage, MobiKwik launched MobiKwik Lite, a light mobile wallet app that is easy to download and works even on basic Internet connection. MobiKwik Lite is less than 1MB in size and can be downloaded within 30 seconds.

Support SMEs

The opposition has continuously claimed that demonetization could be death knell for SMEs, who carry out their monetary transactions offline.

然而,跨国公司和企业房子continuously introducing technology solutions to digitally empower the SME and MSMEs in India. Microsoft has introduced business solutions from its partner ecosystem to meet crucial business needs of Small and Medium Businesses across India. Built by Microsoft's ISV partners Smarter Biz and IDOS, these solutions address key areas like Customer Relationship Management (CRM) and Finance & Accounting and enhancing organizational efficiency.

Wavy Line
Sneha Banerjee

Entrepreneur Staff

前Staff, Entrepreneur India

She used to write for Entrepreneur India from Bangalore and other cities in South India.

Related Topics

News and Trends

Google Invites Applications For Eighth Batch Of Startups Accelerator Programme

Applications are open until August 22, and eligible startups should have AI as a core solution or product, including generative AI

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

Business Culture

I Started My Business In My Mom's Basement at the Age of 17. Here are 5 Rules I Wish I Had Known, But Had to Learn the Hard Way

There is no easy way to break this to you, but you are the least important person in your business!

Travel

10 Best Entrepreneurial Events To Attend Before 2023 Is Over

As we head into the latter half of 2023, there's still a great chance for you to get involved in some exciting startup events.

Living

Finding Balance — How to Pursue Your Entrepreneurial Ideas While Prioritizing Your Well-Being

A question for entrepreneurs: Are we planting seeds or burying ourselves in work?