Showing posts with label Business Idea. Show all posts
Showing posts with label Business Idea. Show all posts

India's New Business Idea: Fake Wedding, Pay ₹1499 to Eat, Dance with Live Band

India's New Business Idea: Fake Wedding, Pay ₹1499 to Eat, Dance with Live Band

In a country where weddings are celebrated with gusto, glitter, and generous spending, one Noida-based venue has flipped the narrative with a wildly imaginative concept: a fake wedding party—no bride, no groom, just booming dhol beats and butter chicken.

Trippy Tequila in Noida went viral after launching ticketed invites to a wedding-themed party where guests could dress up, dance, and indulge in full shaadi-style revelry—without the baggage of actual matrimony. And at ₹1,499 per ticket for Singles and Couples (₹999 for a female), this event isn’t just clever—it’s capitalizing on an emotion-driven, experience-first consumer culture.

Innovation Gets a Sangeet Twist

This isn’t just a party. It’s performance art meets entrepreneurial hustle. And it arrives at an oddly fitting moment: India’s Commerce Minister Piyush Goyal recently urged stakeholders to move beyond short-term Gig Economy fixes, calling instead for innovation-led ventures that fuel sustainable growth.

Enter: The Business of Faking It. This model monetizes the grand Indian wedding aesthetic—a multibillion-dollar industry—without requiring an actual marriage.
  • Minimal risk, maximal engagement
  • Live band, themed decor, and mock rituals spark cultural nostalgia
  • Revenue through ticket sales, food and beverage, brand sponsorships


It's “Made in India” meets “Monetize the Moment.” And it highlights how emotional experiences—not just services—are becoming products in the evolving consumer market.

Commerce Meets Culture

Rather than waiting for seasonal nuptials, organizers have created a scalable format that:
  • Appeals to Gen Z and millennials seeking novelty
  • Eliminates family drama, rituals, and expenses
  • Allows full customization of themes—from Rajasthani royal to beach baraat
It’s like attending someone else’s wedding—without the social obligation. And if this format spreads, it could spawn mini-industries around fake bridal fashion, décor rentals, and “baraati-for-hire” dancers.

A Blueprint for Experiential India?

India’s economy is expanding not just in sectors like clean tech and digital infrastructure but also in experience ecosystems. This quirky Noida trend may seem frivolous—but it hints at how emotion and entertainment are merging into scalable revenue models.

With policymakers calling for innovation beyond transactional labor, creative entrepreneurs are listening—and they’re doing so with drum beats, shimmer, and shaadi waali LIIT.

IIM Bengaluru Wins the 1st Edition of Air India Soar; 27 Premier Institutes Engage in Outreach Event

IIM Bengaluru Wins the 1st Edition of Air India Soar; 27 Premier Institutes Engage in Outreach Event
IIM Bengaluru wins the first edition of Air India SOAR

Innovative nation-wide B-School contest draws over 7,000 industry-best talent

Sets stage to engage young academics to aspire for career in aviation

Team Horizon of IIM Bangalore has won the top honours of the National Champion in the first edition of SOAR (Spirit of Aviation Reimagined), Air India’s business challenge based annual nationwide B-school competition. Team JMH, representing IMT Ghaziabad, was the 1st Runners-Up, while the teams Republic of Restless, representing IIM Shillong, and Horizon, representing IIFT, emerged joint winners for the 2nd Runners-Up position in the competition that saw 27 premier business schools vying for the top honours.

A first-of-its-kind student interactive programme in the aviation industry, SOAR is part of Air India’s campus outreach initiative to engage with young talent and build a strong leadership pipeline for tomorrow. In the process, the students are being offered an insight into Air India’s transformation journey to inspire them to be part of the new Air India.

Strengthening human resources through merit-driven recruitment programmes is a milestone that Air India had set out to achieve in its five-year transformation journey, Vihaan.AI. Ever since its coming back home to the Tata Group, Air India is getting firmly established as an employer of choice. The talent augmentation drives of Air India over the last one year have been receiving overwhelming response from the market and leading institutes with the initial recruitment drive for management post-graduates drawing response from over 25,000 applicants in just about one week. To strengthen its human resources in every stream, Air India is investing in shaping early careers and building a strong leadership pipeline for tomorrow.

"Air India is actively reimagining its role in the aviation sector, and our journey to top campuses in the country is more than just a recruitment drive. We are inviting the brightest young minds to join us on this exciting journey of innovation and leadership in aviation. We are consistently encouraging excellence and working to shape the future of aviation. SOAR is a platform which benefits industry, academia and students simultaneously," Dr Suresh Dutt Tripathi, Chief Human Resources Officer, Air India, said.

Since its launch in August 2023, SOAR had received an overwhelming response with over 7,100 registrations from B-Schools across the country. After evaluating the presentations, the shortlisted 12 final teams with three members each vied for the top honours in the grand finale on Monday, in Gurugram. Participants engaged in day-long brainstorming sessions to come up with solutions to real-world challenges of the aviation sector—from marketing to baggage coordination to technology to cultural issues.

The winners at the grand finale were selected by a high-level jury comprising senior Air India executives after evaluating the presentations. The second runners-up teams won a cash award and a Taj Stay voucher for each member. The first runners-up team received cash award and two round-trip Goa/Kerala flight tickets and a Taj Stay voucher for each team member. The champions received a cash award, two round-trip London/Paris flight tickets and a Taj Stay voucher for each team member.

This unique move to engage fresh talent to the nuances of the aviation sector will go a long way in not only augmenting Air India’s employee pool with the best talent but will also contribute to strengthening the aviation ecosystem in the country by inspiring bright minds to develop interest and aspire for achieving excellence in the airline industry.

About Air India:

Founded by the legendary JRD Tata, Air India pioneered India’s aviation sector. Since its first flight on October 15, 1932, Air India has built an extensive domestic network with non-stop flights to cities around the world, across the USA, Canada, UK, Europe, Far East, Southeast Asia, Australia, and the Gulf. After 69 years as a government-owned enterprise, Air India and Air India Express were welcomed back into the Tata group in January 2022.

Air India is navigating through a major five-year transformation roadmap under the aegis of Vihaan.AI, with an ambition to become a world class airline with an Indian heart. The first phase of this transformation, the taxi phase was recently concluded, and focused on fixing the basics. These included bringing back to service many long grounded aircraft, addition of talent across flying and ground functions, rapid upgradation of technology, and strengthening of customer care initiatives amongst others. 

A member of Star Alliance, the largest global airline consortium of leading international airlines, Air India offers seamless connectivity and facilities to passengers all over the world.

With investment Corpus of RS. 65 Cr, IIM Calcutta Alumni Association and IIM-C Innovation Park Launch Clarion Call 5.0

Clarion Call 5.0



IIM Calcutta Alumni Association (IIMCAA) along with IIM Calcutta Innovation Park has announced Clarion Call 5.0 – a platform to promote entrepreneurship where start-up founders can find the best fundraising, incubation and mentoring options. The platform commits an investment corpus of USD 8.5 mn (INR 65cr).

Promising start-ups can pitch their business ideas to 5000+ Angels and 7+ Institutional investors who have committed a corpus of USD 8.5 mn (INR 65+ Crore). The winners will have the opportunity to procure funding at an early stage and find the right guidance to scale up their companies.

The top 20 finalists will get a chance to be incubated with various partners, such as - IIM Calcutta Innovation Park, BSE Incubator ZONE Startup, and others. Finalists not only get engagement with prospective investors but also exposure to industry experts and IIMCAA mentors. The program invites the best and most reputed IIM alumni from across the world to guide the finalists and support the startup ecosystem.

Speaking on the upcoming event Mr. Subrat Pani, Co-Founder of OneAssist & Member IIMCAA-MUMBAI & Lead Organizer for Clarion Call 5.0 said, “With Clarion Call 5.0 we aim to keep the alumni of IIMC connected and explore the innovative business ideas worked upon in our country. Its intent is to contribute to the ecosystem by providing support and acceleration for these ideas to flourish and thereby get ready for their next steps in the market. This year will mark the 5th edition of Clarion Call, and we are looking forward to many promising startups getting their well-deserved funding."

Shri Ashish Chauhan, MD & CEO of Bombay Stock Exchange & Honorary President of IIMCAA-Mumbai, said: “Through Clarion Call we at IIMC aim to bring together complementary knowledge, experience, and networks to accelerate entrepreneurs. With our forum continuing to grow in success and start-ups funded, the buzz around the event is also increasing.”

He added, “It’s a great initiative for the alumni of IIMC to be connected and to keep contributing to the ecosystem. We are all looking forward to a successful Clarion Call 5.0 so come and register with us and see your idea become a success!”

The IIM Calcutta Alumni Association is a close-knit community across batches over the years. IIM Calcutta Alumni Association Mumbai (IIMCAA Mumbai) has been at the forefront of bringing the power of the IIM Calcutta Alumni network together to impact the start-up ecosystem in India via the Clarion Call event. United by their campus allegiance, and having tasted various degrees of success, the Alumni network has been putting together Clarion Call over the years as their way of ‘Paying It Forward’ to help startups further their efforts in navigating this complicated landscape.

About Clarion Call

Clarion Call was conceptualized in 2016 with a vision to identify and support promising start-ups with the help of the alumni network. This is the 5th edition (4 previous editions have been successfully held in 2016/17/19/21) that has just been launched. IIMCAA-M is a not-for-profit organizations that is conducting this event with the vision to create a platform and a program to give promising and deserving start-ups access to funding, incubation, and mentoring apart from visibility, prizes, and credits.

Registration Details: https://contest.iimcip.org/apply-now/Clarion-Call-5.0

About IIMC Alumni Association Mumbai:

Formed in 2009, the IIMC Alumni Association Mumbai is registered as a Trust under the Office of the Charity Commissioner, Mumbai. All alumni in Western India, including Mumbai, Pune, Ahmedabad, etc., can become a member of the Association. The Association is run by a team of Trustees and a Managing Committee, all of whom perform their tasks on an honorary basis.

The Association conducts 3 annual events under its banner: Nostalgia, Clarion Call and Guru Speak. In addition, the association may hold other events during the year if and when suitable. The ManCom constitutes a working committee for each of the annual events, with a Head of Team for each event. All such heads and team members are volunteers and their work is entirely honorary.

6th National Social Enterprise Idea Challenge By Azim Premji University Won By Students of PES University, B'lore

6th National Social Enterprise Idea Challenge By Azim Premji University Won By Students of PES University, Bangalore

Students of PES University, Bangalore won the 6th edition of Azim Premji University’s National Level Social Enterprise Idea challenge organized at University Campus, Bengaluru

The Social Enterprise Cell of Azim Premji University organizes the Idea Challenge event every year with a purpose to provide students of Colleges and Universities across India an opportunity to explore social entrepreneurship and share their innovative social impact ideas in a rigorous and competitive manner. The event also acts as a great networking platform for young minds to meet each other, exchange thoughts and showcase their talent and skills to some of the early stage mentors and funders.

In the 6 year of the event, more than 100 teams participated and submitted their innovative social impact models in the first round. The submissions were broadly in the domains of education, livelihood, health, sustainability and governance. 16 teams were shortlisted for the finale round which was held in the University campus on 30th April Saturday.

The jury members for the event were 1) Dr. Gayathri Vasudevan, Executive Chairperson, LabourNet 2) Dr.Suresh Nair, Chief Technology Advisor, Foundation for Innovation and Social Entrepreneurship, an initiative of Tata Trust and 3) Dr. Richa Govil, Director, School of Development, Azim Premji University.

Team Sitara from PES University, Bangalore won the 1st Prize in the 6th National Idea Challenge event

Team Members: 1. Shriya Shankar 2. Srushti Jayaraman 3. Ananya V

Summary of the Idea: Sitara is proposed to be a for-purpose nonprofit organization working towards helping children from underserved communities become self-sufficient, through an equitable education. They want to leverage their processes through YouTube and WhatsApp, and use the power of local language communication, to bring about improved learning outcomes in the children.

The 2nd Prize went to Team Abyaan from College of Vocational Studies, Delhi university

1ST RUNNER UP

Team Members: 1. Riddhi Oberoi 2. Shrutika Gambhir 3. Arsh Bhatia 4. Pranav Hoon

Summary of the Idea: Project Abyaan aims to address the problem of disposal of Used Cooking Oil 
(UCO), which usually ends up blocking drainage pipes or sewers, contaminating landfills leading to soil pollution. They aim to use this to make soaps and other products.

3rd Prize went to Team Khwab from Ramjas College, Delhi

2ND RUNNER UP

Team Members: 1. Manya Vats 2. Vanshikha Gourisaria

Summary of the Idea: Khwab aims to fight the menace of plastic pollution and unsustainable consumption. They create a range of sustainable products for personal care, substantially reducing non-biodegradable waste. They make “zero-waste” alternatives to everyday alternatives like shampoo, deodorants, etc.

Nazrul Haque, Mentor for the Social Enterprise Cell at Azim Premji University noted that "It is always encouraging to see that young students are disturbed by social issues around them and are not only complaining but actively thinking how can they contribute towards solutions. In the last 5 years, the Idea challenge event has become a brand name in the social enterprise ecosystem."

Out of the 18 winning teams from the past 5 years, 11 have gone on to pursue their ideas after they completed their studies. The ones who do pursue the entrepreneurial journey benefit from the media coverage and the award resulting from the competition and most have gone on to receive additional financial or mentoring support from incubators and other organizations such as IIT Kanpur, IIM Bangalore, YCombinator etc.” 

V-Guard Announces Big Idea Business Plan & Tech Design Contest Winners



Winners of the annual Big Idea Contests organised by V-Guard Industries Ltd were announced on Saturday ,20th November 2021. This year’s Big Idea Business Plan and Big Idea Tech design contests finals were held on 18th, 19th and 20th Nov 2021 and witnessed more than 300 entries from top business schools and engineering colleges from across the country. 

Indian Institute Of Management, Nagpur won the first prize and first runner up position in Business Plan contest and SVKMS NMIMS, Mukesh Patel School Of Technology Management & Engineering, Mumbai declared first and second runner ups respectively in the contest from a total of 22 teams shortlisted for the grand finale. International Management Institute, Delhi and Indian Institute Of Management, Sambalpur were qualified for the special jury award.


Muthoot Institute of Technology, Vaikoli has bagged first prize in Big Idea Tech design contest. St Joseph College of Engineering and Technology, Palai and Christ College of Engineering, Irinjalakuda were declared first & second runner up.

This year’s competition themes were “Tomorrow’s business models that will bridge the gap between Digital and Physical to usher in a better tomorrow” for B-Plan Contest and “How can V-Guard enable a better quality of life with thoughtful and smart products that will bring home a better tomorrow” for Tech Design Contest. This was meant for the participants to present insightful and innovative ideas for business growth in alignment with the business strategy of V-Guard. 

The Business Plan contest winners were awarded cash prizes worth Rs. 2,00,000, Rs. 1,00,000,  Rs. 50,000 for the top three positions respectively along with trophies and certificates of appreciation. Big Idea tech winners received cash prize worth Rs.100,000, Rs. 50,000, Rs. 25,000 for the first three positions respectively. Two teams qualified for special jury in Business Plan contest and received prize worth Rs.25,000. Shortlisted teams presented their competitive ideas and plans in a virtual event held.

The Four-member Jury Committee who chose the B Plan winners was headed by Mr. Rajesh Nair, Business Leader, EY LLP, Kochi along with V. Ramachandran, Director & COO, V-Guard, Sudarshan Kasturi, Sr. Vice President & CFO, V-Guard and Mr. Narender Singh Negi, Vice President – R&D (Electronics). The ideas presented by the participants were judged on parameters such as ingenuity, practicality of application, feasibility, simplicity and the positive impact it can have on V-Guard’s business and its consumers. Mr. Kochouseph Chittilappilly, Chairman Emeritus, & Mr Mithun Chittilappilly, Managing Director, V-Guard Industries Ltd. graced the valedictory function and awarded the winners.

The jury who judged the tech design contest include Mr. Narender Singh Negi, Vice President – R&D (Electronics), Mr. Prasad Sudhakar Teni, Sr. General Manager - Home Appliances and Mr. James M Varghese, GM - R&D (Industrial Design). The event has created a platform for interaction with top leaders of V-Guard, wherein the young minds can discuss and understand the business challenges to fine tune their thought process and foster a spirit of innovation in them.

Method and Need for Validation of Business Ideas

Method and Need for Validation of Business Ideas

For any entrepreneur, before venturing deep into the launch of a business, it is very important to get a vote of confidence as well as a fair review of the business idea in the form of a validation check. This should ideally be conducted at the initial stage before any monetary investment is made or committed. The concept of idea validation is neither recent nor overly complicated in terms of implementation. It is as simple as asking prospective customers if they would be interested in spending money on the product or the service that a businessman is considering to sell. Despite its simplicity of execution, its ultimate result usually proves to be highly beneficial.

However, the challenge, like in any other business operation function, lies in finding a method to obtain the right data and feedback, and also to interpret the data to find the loopholes in the idea itself. This is particularly a major hurdle for many founders who are starting a business venture for the first time.

If the correct strategy is utilized, then it can reflect what the market thinks about the possible product or service which is planned to be offered. In many cases, there are also instances when one finds out that the market does not actually have any opinion about it at all, which is not necessarily a bad indication. Hence, it would be wrong to only expect a black and white response to the question of business idea validation.

The reason why business idea validation is often viewed as an easy to implement option is that there is typically only a handful of parameters to consider. Additionally, the process does not take too much time and usually requires no or very little monetary investment. The early validation is only an indication that the business is on the right track and the viability of the project as a whole.

Interpretation of the responses is a vital aspect of the validation process. Unfortunately, the new business conceptualizers often stutter in this aspect, and many a time this is due to a variety of reasons. A difference in this regard can be made if changes are made in the approach itself. The following are some tips which can help in setting up a mechanism for validation of business ideas:

High Volume of Responses

One of the major reasons why many business ideas often end up getting validation when they do not deserve it, and vice-versa is that not enough number of responses are collected and analysed. Business ideas generally tend to evoke strong responses, be it positive or negative. However, no matter how logical the reasoning for a particular response may be, overemphasis on one or a small group of responses should be avoided. This is easier said than done, but it is a crucial aspect which needs to be incorporated in the validation process.

A consensus has to be sought among as many responders as possible about the new business idea. Like in any other analysis, the greater the number of participants lesser the margin for errors.

Segregation of Expert Advice

When you float a business idea people from all kind of business background will have an opinion. While they will obviously bring their experience on board with their advice, it is also essential to know whose advice is more relevant than the others. For example, the views of a person who has experience in the same domain as the business idea should be more relevant than those in a different sector altogether. Hence, it is important to pick the experts carefully whose advice to value as compared to the others.

When picking experts, it is vital that necessary to know what to look for and where to get the right advice from. Many entrepreneurs look for online portals like Quora and LinkedIn to find people who can provide relevant and useful advice. Finding a person with in-depth knowledge in the industry and has experience of building something in the same domain can act as a great source of validation. However, business personnel should avoid depending solely on the advice of an individual. This is because at the end of the day as mentioned before, it is just one out of many opinions or responses.

The Best Experts – Clients

A business idea should never be completely shelved because one or more than one expert denounces the vision that you have. In this regard, the behaviour or the opinion of the prospective customers should be the highest. The potential paying customers should be the one who should give the best and the most realistic indication of the market viability of the product or service which is being planned to be offered. This is where crowdfunding can be an excellent source of validation apart from obviously raising funds. The reason why it is a crucial method of seeking validation is that it is often easy for a person to say that he would buy a product or service, should it be made available in the market. At the same time, if a client is willing to invest his money in the idea, then there is no bigger vote than that. When people are actively supporting their positive opinions with their paychecks, that’s what one should consider as the ultimate vote of confidence and validation.

These criteria can act as a guiding light for any entrepreneur to determine if the business idea that he or she has come up with is a genuinely feasible and profit-making one, or if it is just another run off the mill idea which is destined for failure. It is not to say that there are no other criteria to check the validity of a new business idea, but these are definitely some of the most effective and realistic ways to seek validation while also understanding the dynamics and the realities of the market for a product or service in a particular domain.

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