Final SIP Report Manas Nanda-Converted (1) - 2
Final SIP Report Manas Nanda-Converted (1) - 2
Final SIP Report Manas Nanda-Converted (1) - 2
Submitted By
Manas Nanda
2019-B-04122000
B.COM HONS. Semester-V
Batch 2019-22
Submitted To
Dr. Kavita Chordiya
Max. Marks
S.No. Description
Marks Awarded
1 Goals and Targets: Clear definition of the goals, tasks and
targets. Achieving Results, Explanation of variance, corrective 5
measures taken, Precise narration.
2 Quality of Report: Structure of Report, formatting, conformity
to guidelines, spelling, grammar, appropriate language, 10
professional presentation of report.
3 Content: Description of assignments undertaken, 3CETT,
SWOT analysis, product analysis, strategic tools used, 10
objectives, achievements, future outlook of industry/function,
learning from the SP.
4 Planning Efficiency and Implementation. Approach to SP,
overcoming complications, management and organization,
reliability and punctuality, individual contribution to the 10
project, identifying and valuing learning outcomes, developing
strategies to meet contingencies.
5 Resource Utilization. Tools and techniques used, alternatives
considered, efficiency and effectiveness of tools and techniques
used, knowledge, skills acquired, learning from the results. 15
Compliance to Guidelines: Adherence to company/ADYPU
guidelines, contribution of guidelines/feedback to success of
SP, Leadership and Managerial Skills acquired.
TOTAL 50
Remarks, if any.
Date: Date:
This is to certify that Manas Nanda has successfully completed his tenure as a Business Development
Consultant from 1st June 2021 to 31st July 2021 at Impact Guru Technology Ventures Pvt. Ltd. his
performance during the tenure was found to be good.
We wish him all the very best for his future endeavors.
Regards,
I further declare that none of the contents of the report are copied from any source. I understand that
if found guilty of plagiarism, Ajeenkya DY Patil University is free to initiate any action against me,
including the cancellation of my Summer Project.
Name:
URN No.:
Date:
Place:
Sincerely
Manas Nanda
Place:
Date:
The project was completed for “ImpactGuru.com” under the guidance of Mrs. Dr. Kavita Chordiya.
I further certify that the said work has not been submitted in the part or in full to any other university.
Date:
A.D.Y.P.U.
9. Conclusion 47-48
In this report,
The opportunity that ImpactGuru had provided me, I had attempted to create content, help in
forming strategies for the firm. It is to make us understand more about how the business world adapts
the technologies to increase the number of potential customers and grow as a whole.
INTRODUCTION TO
THE COMPANY
ImpactGuru is a donation based crowdfunding platform that offers global crowdfunding solutions for
NGOs, social enterprises, start-ups and individuals. ImpactGuru is a fintech company offering a full
stack crowdfunding solution that combines social, rewards and investment crowdfunding/
fundraising for individuals, non-profits, social enterprises, or start-ups for all their fundraising needs
- be it small or large. It was launched by Maneka Gandhi, Union Cabinet Minister for Women &
Child Development, and Government of India in September 2015.
"An ImpactGuru is someone who envisions change, who finds solutions to social problems, who
steps up to support another change-maker, who makes kindness a habit, who dares to follow his/her
dream, or who simply helps out a friend in need. We believe that each individual holds the power to
effect great change and given the right tools and the right backing, can become an ImpactGuru
himself/herself " ImpactGuru CEO Piyush Jain.
Starting a fundraiser campaign in ImpactGuru is easy. One just has to get started by clicking on the
'Start a Fundraiser' tab on the ImpactGuru website or app, fill in the required details to create the
fundraiser campaign. Using ImpactGuru's story builder feature, one can put up one's cause of raising
money in an appealing way to attract more donors.
Once created, the fundraiser campaign is shared online. The money received from the donors are
transferred to the beneficiary's account after deducting the applicable fee and charges.
India’s private healthcare spends stands at $90 billion a year. Of this, merely one-third is covered by
insurance and the balance $60 billion is met largely with borrowings from friends and family.
Capturing 10% of this segment would mean a medical crowdfunding market of around $6 billion.
This is the segment ImpactGuru is looking to tap.
Healthcare crowdfunding is the most disruptive solution to address this problem. There are no loans
or interest to be paid off when it comes to crowdfunding as funds raised online is considered as a
donation.
The idea began to form in Piyush's mind while he was working with Instilgo, a US based non-profit
organization."When I decided to go to Harvard University, Kennedy School of Government, I found
my calling when I accepted a fellowship with Instiglio, a US non-profit focused on using social
impact bonds to help non-profits scale" ImpactGuru founder Piyush Jain
Besides, while at Harvard, Piyush assisted his Professor in teaching a class on financial management in non-
profit Organizations. He also co-authored a paper on - ‘Non-Equity Financing for Entrepreneurial Ventures’.
For writing the research paper, Piyush had to explore different avenues to finance social initiatives. During
this research, Piyush realized that crowdfunding market in Indian is largely untapped and it is his willingness
to do something in the field of crowdfunding that made him start.
Fortunately, both Khushboo and Piyush shared the same vision. Piyush's knowledge of finance and
technology clubbed with the brand, marketing and communications skill sets of Khushboo had garnered over
the years. It does require a fantastic partnership and they have been very lucky to forge that successfully.
ImpactGuru founder and CEO Piyush Jain is a BSc in Economics from University of Pennsylvania -
The Wharton School. He did Masters in Public Policy, Business and Government Policy from
Harvard University, John F. Kennedy School of Government. Piyush worked with reputed
organizations like JP Morgan, Instiglio, San Francisco based fintech firm SoFi, before starting
ImpactGuru in 2017.
ImpactGuru co-founder and COO Khushboo Jain comes from a fashion designing and fashion
marketing background. Khushboo is an alumna of London College of Fashion, University of Arts
London and Parsons School of Design. Khushboo did her Bachelors in Commerce from Sydenham
Institute of Management Studies, and MBA from Welingkar Institute of Management. Prior to
joining her husband in his venture, Khusboo worked with brands like Kansai Nerolac Paints Limited
and fashion brands like, TheLabelLife.com and Manish Malhotra.
Piyush is backed by awesome and dedicated team who truly stand with the vision and mission of
ImpactGuru. Some core members of the ImpactGuru team are-
• Vikas Kaul , the Chief Product Officer of ImpactGuru is an IIMK graduate. He is an ex-
employee of Quikr and Deloitte.
ImpactGuru has extended free fundraising to all causes by offering 0% platform fee. It has Mobilized
$200 million/INR.1500 Crores through its platform and global partners, since inception.
Free fundraising is made available to all types of fundraisers who are hosted on the platform - It can
be patients with medical emergencies (Covid-19, organ transplant, cancer) or NPOs/Individual
fundraising program for any causes. By this, ImpactGuru has completely waived off platform fees
with an intention to maximize the funds raised by fundraisers.
In order to sustain the platform and meet operational activities to provide a free fundraising platform,
donors will be asked to provide any amount of voluntary tip.In a joint statement ImpactGuru.com’s
Co-Founders Piyush Jain and Khushboo Jain said, “In the last 5 years, crowdfunding on
ImpactGuru has now become the preferred way for people to finance critical illness bills at hospitals
given the low level of insurance penetration in India. With the extension of our free fundraising
options to all fundraisers, we hope to accelerate our ambition of helping finance the critical illnesses
of over 1 million / 10 lakh patients over the next decade.”
But how does ImpactGuru make money? It has a highly scalable, asset light, transparent revenue
model. It charges average 8% of total funds raised as its fees with 5% directly being net revenue. It
charges additional fixed fees for premium services such as digital marketing, video, content support.
I was keen on a business model that would add value and meaning to the community. Our vision is to
make sure that nobody in India has to ever struggle to fund their medical treatment due to lack of
money. - Piyush Jain
Social problems are so immense in India, that often one can get disillusioned by the impact one
creates i.e. whether one’s intervention is moving the needle or not. There are many challenges and
dilemmas that the ImpactGuru team needs to face on a day to day basis. This what Piyush has to say
regarding the issues the team faces-
At ImpactGuru, we often face an ethical dilemma. Private hospitals will not proceed with treatment
without the funds, say of 5 children whom are near death without a critical emergency surgery. It is
an overwhelming feeling as we will be disappointing someone or maybe more as we have limited
resources as an organization and limited donors to reach out to fund each of the 5 surgeries
successfully. How to handle the mental pressure and how to execute the task is the pressing concern.
It’s very important to keep the perspective that the journey of a thousand miles begins with a single
step. We thus pick cases where we can have the maximum impact given the short time. We select
cases such as transplant, heart surgeries, cancer rather than dengue, malaria.
ImpactGuru has a strategic partnership with GlobalGiving.org, the world's largest non-profit
crowdfunding platform based in US and UK in October 2016. It is the only crowdfunding platform
in the world that can offer Indian, US, and UK tax benefits to Indian and international donors.
ImpactGuru has also partnered with Apollo patients nationwide which makes it the preferred
crowdfunding platform for all.
Recently, in early July, 2021 Cure SMA Foundation of India, a public charitable trust has
collaborated with ImpactGuru. The partnership is to support all its registered SMA patients in India.
In April 2016, ImpactGuru partnered with Fundnel, an investment platform based in Singapore. This
partnership allowed ImpactGuru to tap into philanthropic and investment capital from the Indian
diaspora based in Southeast Asia.
In September 2016, ImpactGuru partnered with UN Women (an entity of United Nations) to run
Project Inspire, an initiative to support social entrepreneurs working for women empowerment.
Expanding business in Middle East markets is the next on the cards with the help of some investors
from the region who have recently invested in the company.I’m on a mission to make healthcare
accessible to all and save more lives and cast the ImpactGuru net across geographies.
ImpactGuru - USP
What makes ImpactGuru stand out is that they are the only crowdfunding platform to have their own
story builder to help customers write great stories as it’s a major pain point in the industry today. It
has an AI-supported story builder for medical fundraisers, with a template for all campaigners to
develop their own standardized campaign stories. It’s a first in the world innovation in crowdfunding
globally!
ImpactGuru is also the first crowdfunding player in India to launch a smartphone app for customers.
The app presents the user with a quick view of their fundraiser, thus enabling them to keep track of
the progress of the campaign, get real-time donation notifications and post updates.
ImpactGuru.com has become the largest crowdfunding platform in India for medical expenses. In
total, ImpactGuru has raised around INR 950 Crore from over 2 lakh donors from 150 countries.
OBJECTIVES OF THE
STUDY
Applying the theories and concepts of business administration into the real world business activities
and workings so as to gain knowledge about the concept and making a better understanding about
how the businesses operate in accordance with the concepts taught to us.
An all-round business development strategy is required to carry out the business in an effective and
efficient way, thus the elements of teachings of business institutions gets a boost after completion of
such internship programs.
This is a crucial part for any internship for a student to develop her/his critical thinking towards the
skills required for the aspects such as communication, technology etc. To get the best foot forward
when you join your job with the company after completion of the respective course which one’s
perusing, internship helps develop these skills by providing an upfront exposure to the real business
workings.
Observation and participation in business operations and getting to know how the business elements
make a decision-making strategy to meet the estimated budgets is a keep objective of an internship
programme.
➢ Meet professional role models and potential mentors who can provide
guidance, feedback, and support:
The business runners, for example, the CEO, Managing Partner, Partner, Top Level Management, are the role
models for the students in business. Internship provides a gateway for the student individuals an opportunity
to meet and make a first impression before the core members if the business and make the most out of the
internship programme.
When a student joins an internship, she/he tends to be acquainted with other members in the firm
itself and the other members connected to the business, thus increasing their contacts in the corporate
world as a whole and becoming socially and professionally sound.
Data will be presented in the form of pictorial charts, graphics, photographs, etc for which the
analysis is done in a more qualitative way rather than in a quantitative manner.
How it works
ImpactGuru charges a minimum of 5% fee on the funds raised by individuals on the platform.
NGOs: If you’re raising funds for an NGO, you will be required to submit your 12A certificate and
80G certificate. If you wish to receive foreign donations please also share your valid FCRA
certificate.
Individuals (medical causes): If you’re an individual looking to raise funds for medical expenses you
will be required to submit the patient’s identity details, test reports and invoice (if any),
hospital/clinic name doctor’s name & contact details, beneficiary’s bank account details.
Individuals (other causes): For individuals looking to raise funds for other personal causes please
share your identity proof and bank account details. It would help your fundraiser if you could
provide any other documents that would validate your fundraising need.
Press Release
• Recognized among top 5 start-ups in India and raised investment funding on live TV on Tie
The Knot: Real Funding, Unreal Speeds, CNBC TV18’s longest running shows – Young Turks
• TechCircle 2018 Public Choice Award for Best Social Impact Start-up award
PhonePe Grofers
Linkedln Instagram
Twitter Facebook
Tax 50% tax deduction 50% tax deduction 50-100% tax deduction
exemption
S.W.O.T. ANALYSIS
Weakness:
➢ An online scam is a fraudulent activity carried out over the Internet by providing
incorrect information to steal money or assets from victims. Online scams are one of the
biggest threats to businesses and governments around the world as they end up with
severe financial losses and mental and emotional harassment of victims.
➢ NGOs in developing countries are most vulnerable to these online fraudsters that offer
not only false promises of arranging grants but also use fake identities of donor
agencies to win their trust.
Threat:
➢ Earning Trust
Before you go ahead and engage yourself in a crowdfunding campaign in order to raise capital for
your business it is good to ask yourself, how am I going to win the trust of the well-wishers and
donors? How should I make them have faith in me yet I have never recorded any success in business
before?
One big problem with crowd funders is the fact that many end up miscalculating their targets within
a certain time limit. You have to be very realistic with your goals. Investors want real things that
seem to be achievable without any exaggeration.
This is a very critical question that you should actually ask yourself before looking for any platform
to start a campaign. Why? Once you fail, there is likelihood that your reputation will be affected.
SCOPE OF FURTHER
STUDY
➢ for analysing comparing the present performance with that of the future.
➢ for introduction of any new concepts into the business and implement it daily.
➢ for determining the places where the business needs to pay attention in the next term.
➢ for conducting surveys from the ImpactGuru Student Fraternity.
➢ and many more…
FINDINGS,
LIMITATION &
SUGGESTION
Limitations
Limitations for ImpactGuru could be numerous but to list some, are as follows:
(impactguru.com)
➢ https://www.indeed.co.in/career-advice/career-development/internship-report
➢ https://adypu.edu.in/programs/school-of-management/
➢ https://www.smartinsights.com/marketing-planning/marketing-models/use-bcg-matrix/
➢ (9) Impact Guru - City Head - Sales | Impact Guru Technology Ventures Pvt. Ltd. | LinkedIn
(indiatimes.com)
➢ Shankar, Shashwati (September 20, 2016). "Crowdfunding cos Impact Guru, Ketto see
➢ Hurst, Samantha (May 2, 2017). "India's Impact Guru & GlobalGiving Announces
Partnership: Offers Tax Benefits to International Donors in the U.S. & UK".
➢ Shankar, Shashwati (September 20, 2016). "Crowdfunding cos Impact Guru, Ketto see
➢ "Impact Guru, GlobalGiving tie-up to scale crowd funding in India". New Delhi: Business
➢ urst, Samantha (May 2, 2017). "India's Impact Guru & GlobalGiving Announces Partnership:
Offers Tax Benefits to International Donors in the U.S. & UK". Crowdfundinsider. Business
Insider.
Contact details of HR