
We interviewed Mr. Mayur.K.Motwani (CEO,Styx Infogateway LLP) about his venture thehangout.in.
The Hangout is the perfect place to find about all those places where you can hang out with your gang or your special ones.
1) Briefly, what is TheHangout.in about?
TheHangout.in is all about enabling its users to hangout better by giving them information about various places to hangout in India. It is India’s 1st Local Hangout Search Service. A visitor to our website can obtain information like the address and contact nos. etc. of various places to hangout like coffee shops, eat-outs, lounges or even the street food stalls and save himself/herself the torture of wasting their time on asking the address or taking directions from all kinds of people in that area, thus enabling him/her to spend more quality time to hangout with their friends or loved ones.
2) What gave you the idea for TheHangout.in? How has the product in its current form changed since its original idea? What have been your biggest obstacles?
The original idea for TheHangout.in was of a social networking portal but after analysing the social networking space for a few months we felt that the idea of launching a social networking website was not very much challenging and different enough for us due to the presence of a large number of social networking portals on the internet. The idea of TheHangout.in then went under a drastic change when I (Mayur Motwani) and Mr. Lokesh Motwani were very frustrated on a Sunday when we were not able to locate a very popular street burger stall in Thane in Mumbai and ended up wasting more than one and half hour just to locate it. It was at that moment that it came to our mind to start with a hangout search service which would save other people the kind of torture we had faced that day and in this way the current idea of TheHangout.in was born. There were many obstacles on the way to launch TheHangout.in as it is today but, I would say the biggest obstacles were of tracking down the types of places people would hangout at and also of getting information about places to hangout in India. To overcome these obstacles we undertook a study through our sources to understand at what type of places, people in India like to hangout at and in the process the innovative and very different categories of Street Treats and Highway Hangouts were evolved. After overcoming this obstacle, the only major obstacle that remained was of getting information about places to hangout in India which we were able to overcome only with the help of many of our loyal visitors who since the pre-launch, till today keep on giving us various details about different places to hangout in India. We are highly indebted to them for all the information about various hangouts we have got on TheHangout.in.
3) What are the barriers of entry in such a listing venture? How is this service different from search engines? What core technologies do you use?
Frankly speaking, there are almost no barriers if one is truly committed towards entering in such a venture. It’s very true that barriers give us the opportunity to re-think and come up with an innovation to breakthrough that barrier. But, if one thinks at it from a realistic view, the biggest barriers of entry into such a venture are of lack of funding for gathering information about various places all over a vast and diverse country like India and the presence of many corporate giants in this industry which makes it very difficult for one to be competitive enough in the market. TheHangout.in is different from search engines in a way that it gives local information like the address and contact nos. of places to hangout in an area. It saves its users the pain of putting all the types of keywords one could think under the roof and still not finding that perfect category of places to hangout by enabling them to search for the type of hangout they want to search by simply clicking a button. Also, TheHangout.in is different from other local search engines in a way that it is focused primarily on finding information about places to hangout almost anywhere and everywhere in India and is not limited to only a handful of cities in the country. In today’s world, technologies keep on changing at blazing speeds replacing the older technologies by performing many times faster than the old ones. The basket of technologies that we use are very sophisticated and helps the users of TheHangout.in to search for the places to hangout even by the names of buildings, street names or even by the name of a landmark nearby as opposed to the technologies used by many of our competitors which restricts them to search only by their pre-specified areas.
4) What is the major traffic to your website? What marketing and promotional methods do you find most effective?
The major traffic to our website is from Mumbai since it is a city which adapts to the new trends very easily but, we also do get a good amount of traffic from other cities like Pune, Delhi, Chennai, Hyderabad, Bangalore etc. and also from many other non-metro cities like Nellore, Amritsar etc. Currently, we are trying to promote TheHangout.in through channels like Social Media Marketing, Internet Marketing and SMS Marketing. But, for us the social media marketing through facebook, twitter & other social media marketing channels and Internet Marketing through Google adwords have been most effective.
5) How do you source your location listings? What is the process of being listed on the website? What checks do you have in place for accuracy of information?
There are two types of listings on our website, free listings and premium listings, the free listings only have certain essential information such as address and contact no. etc. whereas the premium listings have almost all the information about a particular place to hangout including the personalized photos and videos galleries for it & the offers going on at that particular hangout and also, the premium listings are listed above the free listings, thereby getting more focus of the visitors. The free listings are listed on the website with the help of the submission of listings by our registered users and also by our own independent research for an area whereas the premium listing of a particular place to hangout is listed on our website when one of their authorized personnel chooses to get their hangout listed on our website. One can get their listing done on our website by two ways; the first one is by becoming a registered user of our website and submitting their listing as a free listing. The second one is by opting for a premium listing by shooting us a mail at sales@thehangout.in. Our sales department then takes the customer through the process by explaining him/her the procedure and by discussing the charges for premium listing of their hangout. The listings on TheHangout.in are subject to a check by the visitors as well as our own research panel. The visitors can report to us if they find any information about a particular listing as incorrect or abusive by using the “Report Incorrect” and “Report Abuse” buttons on the website.
6) What is your target market for consumers?
Currently we are targeting at the visitors to our website between the ages of 18-35, as people in this age group have larger access to internet and spend a lot of their free time in leisure activities. Also, a large share of the internet surfing population in India is from this age group. But, by saying this we don’t want to deny the fact that everyone irrespective of their age nowadays do like to spend a quality time by hanging out with their friends or their loved ones and TheHangout.in proves as an apt medium to help them hangout better.
7) How do you make revenue? Can you share current revenue figures?
We get majority of our revenue from two sources, through banner advertisements and through the sale of premium listings on our website. At this moment, it would be difficult for us to share our current revenue figures but, we for a fact can surely say that the revenue that we are currently making is sufficient enough for us to fund our cost of operations as well as invest in the growth of our venture.
8) How many people are included in your startup team? What are the skills and the experience that they bring to the table? Do you think it is essential for the founders to have experience before starting up a venture?
Currently our startup team includes only 2 people i.e. I (Mayur Motwani) and Mr. Lokesh Motwani. I, Mayur Motwani, a graduate in BMS (Marketing) from Mumbai University, am primarily concerned with the Operations and Marketing aspect of our Organization whereas Mr. Lokesh Motwani, currently pursuing MMS in Finance from Welingkar Institute of Management, looks after the Finance and Administration department. I have a hand on experience of Field Marketing of services like Market Research Services, Web Designing Services etc., while Mr. Lokesh Motwani has been actively managing his Family Business of Garment Exports since 2004. Experience is always a welcome ingredient in the mix of every startup’s core points. But in the case of Styx Infogateway LLP, of which TheHangout.in is the premiere venture, which is primarily a service solutions provider in the web arena, experience is not absolutely essential as the business model requires constant change in organizational dynamics.
9) How would you define success for your venture?
Success for our venture means every Indian who wants to have a good time or just wants to get away for a little while should think of TheHangout.in every time he/she wants to get out and have some fun. Not to mention, the Streetside Thelawalas who will be jumping around the aisles with all that added collateral publicity.
10) What are your future plans for the next 6 months? What are the New Features that you would like to include in your website?
The future plans for the next 6 months currently I would say are to aggressively market our service through various marketing mediums and to also make our services available to a wider audience through more channels other than only the internet. It is too early I think to let everyone know what New Features we would be including on the website since many of the New Features are still under testing mode. But, I could say this with a lot of confidence that there are a host of New Features that you would see getting included on TheHangout.in very soon which would ease the usability of the website and enhance the experience of the users on the website.
Our views on thehangout.in
Thehangout.in is an interesting venture.TheHangout.in, India’s 1st Local Hangout Search Service which enables you to search for the places to hangout in your city, let it be any local club, theatre, restaurant or even the local pav-bhaji waala’s thela.
The website is extremely user friendly and well- designed.All-in-all this is the perfect information providing website.
We wish the team of thehangout.in all the very best !
Do you have any questions for Mr. Mayur or his co-founders? Post them in the comments here and we’ll ask the team to respond.
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