ITV AdVentures to invest £15m in consumer startups this year

Despite losing up to £200 million in market value after Piers Morgan walked away from Good Morning Britain, ITV is looking to champion UK business with plans to invest £15 million in up to five consumer startups this year through its new venture capital arm, ITV AdVentures. Read more: ITV AdVentures to invest £15m in consumer startups this year

ITV AdVentures to invest £15m in consumer startups this year

Despite after Piers Morgan walked away from Good Morning Britain, ITV is looking to champion UK business with plans to invest £15 million in up to five consumer startups this year through its new venture capital arm, ITV AdVentures.

Keen to unearth , ITV AdVentures has suggested it could add to its portfolio with another investment of £15 million in 2022. An attractive option for many of the startups in the country, numerous businesses are gearing up for another year of growth. Through the highs and lows of Brexit and multiple disturbances in recent times, a number of startups are aiming to disrupt their respective industries and continue to drive economic growth.

The different types of businesses that could potentially catch the eye of ITV AdVentures are vast too. With numerous startups predicted to register huge success in the coming months and years ahead, here is a look at some potential candidates.

Hopin

Described by some as the rival to Zoom, Hopin is a London-based live online events platform with a seemingly bright future ahead of it. Founded by Johnny Boufarhat in 2019, the business has received £141 million worth of funding from the likes of Accel, Seedcamp, Northzone, Salesforce Ventures, and DFJ Growth. In the same way gamers are enjoying new technology and going on an , Hopin is expected to go on a similar journey with its impressive software and its powerful communication tools. The fact the business received a $2.1 billion valuation only eight months after launch speaks volumes.

Heroes

An e-commerce company that purchases, operates and scales Amazon businesses is at the moment. Founded by twins Alessio and Riccardo Bruni, the promising business has received £50 million as the brothers aim to grow the brand further and expose the name to a wider audience.

Lendable

Backed by giants such as Goldman Sachs, Lendable is a digital lender started by two young graduates who were in their mid-20s in 2014. Aiming to fast track applications and offer more competitive rates compared to banks, the business is said to approve a new loan every 30 seconds in the country. Currently valued at around £1 billion, expansion in the US market is expected for this bright business.

Yumi Nutrition

Producers of chewable supplements and vitamins, Yumi Nutrition has shown impressive revenue growth since coming to the fore in 2017. Based in Manchester and showing clear plans for expansion, this health and wellbeing brand claims to have sold its products in over 100 countries. The company’s CEO Sebastien Vanderlinden was named Young Entrepreneur of the Year for 2020 at the Great British Entrepreneur Awards.

TransferGo

Giving users the ability to transfer money internationally in an easy way, TransferGo’s online payment system is expected to pull in further crowds in the near future. The London-based fintech firm currently attracts 2.5 million customers worldwide and has shown 117% growth in revenues in the last year. TransferGo’s founder Daumantas Dvilinskas was just 24 when he started the business.

Graphcore

Bristol-based Graphcore is shaking up its respective industry at the moment. After creating a new processor specifically designed for AI, the company has shipped tens of thousands of its microchips around the world. Founded in 2016, the company has also landed big deals with huge names such as Dell and Microsoft.

Other startups expected to kick on further in 2021 which could potentially interest ITV AdVentures are Karma Kitchen, Gymshark, Uncapped, Depop, and HungryPanda.

Read more:
ITV AdVentures to invest £15m in consumer startups this year

Source : Business Matters More   

What's Your Reaction?

like
0
dislike
0
love
0
funny
0
angry
0
sad
0
wow
0

Next Article

The Sure-Fire Taxi App Development Ideas To Be The Unicorn Of Taxi Industry

People love convenience. If there’s a service that can book on their phones, with minimal effort, then they’re going to take it. From banking to ordering food, there are apps out there to make everyday life a little easier. The same goes for taxis. Read more: The Sure-Fire Taxi App Development Ideas To Be The Unicorn Of Taxi Industry

The Sure-Fire Taxi App Development Ideas To Be The Unicorn Of Taxi Industry

People love convenience. If there’s a service that can book on their phones, with minimal effort, then they’re going to take it. From banking to ordering food, there are apps out there to make everyday life a little easier. The same goes for taxis.

Taxi apps provide customers with convenient options for booking travel. With in-app payment options, location tracking and saved pick-up points, they provide a lot of great services for customers. As a taxi company, having an app keeps you relevant and modern, and able to compete with larger firms who are already taking advantage of apps.

Want to be a unicorn of the taxi industry? Check out these app development ideas.

Current and future taxi app development trends

It’s no secret that the COVID-19 pandemic has had a significant impact on the taxi industry. But now that things are opening up again, you can expect to see demand increase, with customers expecting convenient solutions once they’re ready to ride again.

There’s a lot of competition out there, especially from big names like Uber and Ola, but that doesn’t mean there isn’t scope for taxi apps for smaller businesses, providing an additional and beneficial service to the one your customers already experience from your company.

Taxi apps have a simple concept, and recent development trends have seen features such as in-app payments, vehicle tracking, referrals, ride-sharing and more providing users with a simple booking process that delivers everything they need.

How to make a winning taxi booking app

Ready to make a winning taxi app? Here are some things you need to consider:

  • How can your app be unique – how does it fit in with your business’ values and customer base?
  • How will you promote your app?
  • Could you include extra revenue streams such as advertising?
  • What are your competition doing? Which features do customers respond to?

It’s important to do your research into your customers’ needs to help you create an app that they will use and will add value to your business.

The core functionality to power up mobile taxi apps

On the most basic level, mobile taxi apps need to allow people to book a ride online. Having exact location services, estimated wait times and the ability to choose the number of passengers are all key features your app should have. Online payment options can add a lot of appeal to your customers, helping them pay their fare in an easy and convenient way – no more counting change in the back of the car!

These features seem simple, but they’re effective, helping you reach even more customers and putting you ahead of your competition.

Main pitfalls in taxi app development

Some of the main pitfalls in taxi app development include navigation that’s clunky, with limited functionality for the user. Taxi apps need to be simple in their function and appearance, and need to be maintained regularly to ensure they stay relevant.

One way to avoid some of the main taxi app development pitfalls is to work with a specialist taxi application development company. With professionals working with you, you can create an app that delivers your objectives, with an end-product your customers will love.

Is it time you introduced a taxi app for your business? Get on the map and take your business to the next level.

 

Read more:
The Sure-Fire Taxi App Development Ideas To Be The Unicorn Of Taxi Industry

Source : Business Matters More   

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.