This article is a startup story based on Speakersters Business Blasters, Business Blaster, business blaster ideas, business blaster program, business blaster website, Business blasters judges, business blaster program on which channel, Tv series, Blaster tv show, Delhi govt school students, Business Blasters channel, Business Blasters Programme, and Business Blasters Website. This startup is powered by Business Blasters which is a Delhi State under the leadership of Arvind Kejriwal’s initiative to develop business skills in students
This Business Blaster Idea which is run by 5 School going students raised funding of 50,000 From Paytm and Urban company. This startup is powered by Business Blaster which is a Delhi Government initiative to build up Entrepreneurship skills among students. This initiative aims at making students be an employer, not an employee.
You can have a glimpse towards the Table of Contents to have a better understanding of this Startup Story.
What do Speakersters – Business Blasters Do ?
This is a startup Idea which is started by 5 School going students. and it makes affordable Bluetooth speakers which were cost-friendly and school students can easily afford them. Team of speakersters studied Bluetooth components from Online research and YouTube. To keep their cost low they bought all the components for Bluetooth speakers from the wholesale market.
What is the aim of SpeakerSters?
This startup is a part of Business Blasters under the leadership of CM Arvind Kejriwal. Business Blasters is a program which is launched by Delhi Government. When I talked to Khushi she told me about the problems they have faced in starting the Startup. If you want to read about the same you can check the next paragraph.
The main aim behind starting this startup was to provide high-quality speakers at the lowest cost. They produce affordable and good speakers which are cased by wooden whereas normal speakers are cased in Plastic. Wooden casing enhances the sound quality of Speakers.
Meet the teams of Speakersters
There is 5 personal team behind the business idea of this startup. You might be thinking there will be some 25-27-year-old guys doing this great stuff but let me interrupt you. You are wrong, This startup idea is being run by School going, 17-year-old Students. To read about the team in brief then you can have a better glimpse in the next paragraphs. They all are students of the School of Excellence, Khichripur.
Yash Gupta
Yash is the team leader and He manages the department of Accounts.
Sujay Singh
Sujay is a core team member and He decides which raw material should be used in speakers and he also takes care of purchasing and arranging raw materials from the wholesale market.
Khushi Raikwar
Khushi is co-founder of Speakersters and She is responsible for maintaining the brand value of the startup. She looks after the promotions and advertising stuff.
Khushi” My job was to bring these speakers to huge eyeballs and for that, I used to take photos and videos then upload the same to multiple social media platforms. I also reply to comments and questions of people related to these speakers
What is the reason behind starting this startup?
This startup Idea which is initially seed-funded by Delhi Government. When I was talking personally to the team they told me some bright reasons behind starting Speakersters.
Team ” We want to become Job Providers instead of Job Seekers”
” During the lockdown, children were using the earphones excessively for attending their online classes which were harming their ears so we came up with the idea of making high-quality speakers at the affordable cost and We also provide a warranty without speakers”
Team Speakersters
Why Speakers made by them are best in the low price segment?
You might be thinking various brands are selling the Bluetooth speakers at the same cost or some less so what is special in speakers made by them. There are some points which can make you convince to buy speakers from them
- They use Wooden casing for their speakers whereas other brands at same or even at higher price uses plastic casing
- Their speakers are envoirment Friendly.
- They provide you a warranty of 6 monthes.
- They have kept their prices low to gain trust of consumers and they have not compromised with the quality of speakers
- They aim at selling maximum speakers at lowest possible cost.
If you are enjoying the segment of Startup stories published by Under20s then you can also read these 3 articles – Hebi Naturals Divine Creations
- Hebi Naturals – Startup founded by this Trio raised 60K as Funding from Paytm and Urban Company.
- Divine Creations- Talented duo startup raised 50k ad Funding from PayTm and Urban Company.
- Mobisite – Startup founded by 8 Students demanded 90K as Funding from Chayos and BostonGroup
Investors vs Speakersters | Business Blasters
No doubt this startup is an example of a great business model but they need some initial amount to stand in the business market. This Business Blasters Program will help the team meet investors and convince them to invest in their startup.
Who are going to be the investors?
Abhiraj Singh Bhal being Co-founder and Ceo of Urban company (previously known as Urban Clap) got featured n the famous cover Fortune 30 under 30 and Fortune 40 under 40.
Sairee Chahal: She is the CEO and Founder of Mahila Money and Sheroes which is a women’s community and She is also a Board Member of Paytm.
How much amount demanded from Investors?
Sujay and Team pitch their business ideas to potential investors for the initial investment for supporting their target of the next 250 speakers which comes to approx 80,000Rs.
They gave a brief description about their required investment in which they said that they will require 70,000 to produce 250 speakers and will keep 10,000 for emergency funds.
They will work on customizable speakers as per the customer’s demand.
How much funding did Speakersters raised?
Sairee Chahal granted them a seed fund of 20,000Rs and promised them mentorship.
Abhiraj gave them a seed fund of 60,000Rs and promised them if they sell 250 speakers with positive feedback then Urban Company will give them a commercial order for speakers.
Problems faced by Team of Startup in intial phase
I was talking to Khushi who is the core team member. She told me some insider behind the scenes. There were a lot of problems faced by the team but they have mentioned some of them.
Khushi “We faced many problems but the major problem that we faced is finding the high quality components at the reasonable price from the market and the second major problem is to finding the customers for our products”
When I asked them about the cost of speakers and profit margins,
Team ” We sell this speaker for 299rs and after all assembling of components and parts the cost price is 249rs which means we are selling each speaker at a profit margin of 50Rs”
How to buy speakers from them?
- They customize speakers as per your need like you can buy speakers with or without amplifier with 3w or 5w.
- They offer warranty of 6 Months on their speakers.
- Their speaker comes with continuous listening time of 15 hours and powered by 2300Mah Battery.
If you are interested to buy speakers from them then you can directly go to their Website, their Instagram handles, or Facebook Handle by clicking on respective links.
FAQs
What is Speakersters?
Speakersters is a startup Idea which is started by 5 School going students. Speakersters make affordable Bluetooth speakers which were cost-friendly and school students can easily afford them. T
What is the reason behind starting Speakersters?
Speakersters is a startup Idea which is initially seed-funded by Delhi Government. When I was talking personally to the team of Speakersters they told me some bright reasons behind starting Speakersters.
Team Speakersters said that ” We want to become Job Providers instead of Job Seekers”
Who are the co-founders of Speakersters?
Yash Gupta, Sujay Singh, and Khushi Raiwakar are co-founders of Speakersters.
How much Funding did Speakersters raise?
Speakersters raised funding of 80,000Rs from Paytm and Urban Company.
How was the experience of the Team while meeting Investors?
Team “Our experience was very good, the first thing was that we all were able to make them happy and got a feeling that yes everyone is with us. And when we are getting so much support from family, government, teachers and principal mam, then we also have to maintain their trust”
