Author: Ram Krishnna Rao

Ealingnewsextra.co.uk writes about MarketOrders: “A package of free training and mentoring offered by the council has helped small, local companies to grow and flourish – including the ‘Uber of the gold and diamond industry’.”
Sukhi said: “We have built the platform and showed businesses that it can work, and have built trust, and now we are moving to the next stage. The support we received from the council and Branduin is helping us to do that.
Click HERE to read the article
 

In this great article “You don’t need to know how to code to be successful in tech” our Co-founder and CEO Sukhi Jutla talks about her journey as a woman in tech and how she re-trained herself to enter the challenging world of technology.

The UK’s tech sector has long suffered from a lack of diversity: only 15 per cent of the workforce are from BAME backgrounds and gender diversity stands at a mere 19 per cent, compared to 49 per cent for all other industries.

Role models and mentors are particularly valuable to the women and people from minority backgrounds who do manage to find a place in technology; an idea that Sukhi Jutla, co-founder and COO of gold, diamond and bullion buying platform MarketOrders, considers extremely important.

Having spent 10 years in banking before moving to jewellery, Jutla – who will moderate a panel discussion at Computing and CRN‘s upcoming Women in Tech Festival – has extensive experience with legacy industries. Like tech, banking as a sector has taken a long time to fully open up to women.

“When I went into my first graduate banking job…there were 20 recruits and there were only two women. So I was one of two women who joined that first graduate batch. Then when I was in banking…if there was a team of eight or 10 people, usually I was the only woman. So I got used to this environment really quickly, and it kind of didn’t faze me; I just expected it. If I did ever join a bank with more than two or three women in my team, I used to think, ‘Oh, my God, there are so many women here’.”

At the time, there were even fewer women in leading corporate positions than there are today. Jutla says that she found the few female CEOs who made it into the FTSE 100 or FTSE 500 “hugely inspirational.” However, she adds, “[T]here isn’t any one in particular [who inspired me], because I also feel that there are a whole bunch of male role models that I also have that I find inspiring. And for me, I don’t know, it doesn’t really bother me much. It isn’t men or women. I tend to look at what they do and the challenges that they’ve overcome, and I think those principles relate more to any human being regardless of gender.”

When people used to call me a technology entrepreneur I used to think they were wrong, because I don’t code, I don’t know any programming.

Today Jutla acts as a mentor herself, taking part in accelerator programmes across London and talking to other female entrepreneurs. She says that one of the questions she often hears is, ‘How can I do what you’ve done? I don’t know anything about technology.’

Jutla, however, doesn’t consider herself a technology entrepreneur – in fact, she is largely self-taught. “I think perhaps the reason why so many women don’t join the tech world…is because there’s a perception that to work in tech, you have to be a coder, or you have to be a programmer,” she says. “And that is something I always thought. So when people used to call me a technology entrepreneur I used to think they were wrong, because I don’t code, I don’t know any programming. But what I realised was that the technology industry has so many different types of roles, and it’s so creative, and that there’s so many different ways of entering this industry.

“So for example, I didn’t know anything about blockchain, so I went and I did an IBM course and I became a certified foundation-level developer. I had to do that on my own time, at my own costs and my own expenses, and I kind of just stumbled across across the course when I was Googling stuff.”

Even if women don’t want to pursue that route, there are other ways into tech besides coding; business analysts, project managers and UX designers are examples of highly valued non-technical roles.

Promoting this idea is the main reason Jutla wanted to be involved with the Women in Tech Festival: “It will encourage women to come to this centre, this epicentre, in a safe environment, and basically learn what they need to learn. By me being there and talking about my experience, I hope I can be a role model – or even if not a role model, I could just inspire someone who thinks, ‘Oh, look, Sukhi came from a completely non-technical background. She’s not a techie herself, but she runs a technology company, so maybe I can do the same as well.'”

Any attempt at changing careers or founding a business inherently carries risk, and Jutla says that while women tend to be very creative and good at problem-solving, they are often more risk-averse than men: another barrier to bringing them into technology.

Jutla confronted her fears when she left banking, when her family insisted she would need to take a huge pay cut. “What they didn’t realise was, we can reinvent ourselves, because times have changed,” she says. “It’s okay to change, and more importantly it’s okay to fail. MarketOrders is my fifth business, which means there were four failures before this.”

When asked about the main message she wants attendees who hear her speak at the Women in Tech Festival to take away, Jutla says: “You can reinvent yourself. Have the courage and confidence to do it – even if it means you stumble a bit, it’s so worth it rather than doing something that you don’t enjoy. The journey is just as important as the end outcome.”

Sukhi Jutla will moderate a panel discussion at the Women in Tech Festival titled ‘Ready, set, start-up!’. Get your ticket today!
Click HERE to read the article on computing.co.uk
 

AboutTimeMagazine.co.uk introducing: #SheStartedIt100, definitive list of the top 100 women to watch in the UK 2019.
About Time Magazine says: “We need to do more to promote women in tech; according to a study by PwC, only 15% of employees working in STEM roles in the UK are female, with only 5% of leadership positions in tech held by women.”
 
At MarketOrders.net we are extremely proud to announce that our Co-founder and COO Sukhi Jutla has been listed as nr1 amongst all other great UK female Tech and Media industry entrepreneurs.
 
Click HERE to read the article

In its recent article “The key to tackling inefficiencies in the jewellery supply chain” written by Our COO and Co-founder Sukhi Jutla for SupplyChainDigital.com, Sukhi explains how the company came to life. The article highlights how MarketOrders changes the very traditional gold & diamond jewellery industry into a more efficient, safer and cheaper one, helping SMEs.

“MarketOrders uses technology to help retailers order products directly from suppliers on our digital marketplace, bypassing the traditional middleman. Small orders are aggregated online to create bulk orders allowing suppliers to provide discount pricing. These cost savings are passed to retailers. We’re also setting our sights on the power of blockchain technology to weed out bad actors and money from the jewellery supply chain.”

Click HERE to read the article

In their great article: “Bitcoin vs Gold: Fed Reserve Chairman’s Comparison is a Win for BTC” blockpublisher.com talks about recent comment on Bitcoin and cryptocurrency  by Chairman of the Federal Reserve Jerome Powell.
 
Our CEO and Co-Founder of MarketOrders Sukhi Jutla’s view on “Bitcoin vs Gold” has also been shared in this article, where Sukhi says:
“Bitcoin is still going strong after a decade and has proven itself to be a real and worthwhile use case. I believe it does have the potential to become digital gold.”
 
Click HERE to read the article

In its article titled “Blockchain venture MarketOrders smashes Crowdcube target” Yahoo Finance writes:
MarketOrders, which taps blockchain tech to make the jewellery buying process more transparent, has exceeded a £400,000 crowdfunding target. The startup, which launched in 2016 and has been self-funded to this point, has raised a total of £448,420 from 214 investors on Crowdcube and plans to use the cash to officially launch its platform. Ram Krishnna Rao, Co-founder and CEO, MarketOrders, says: “Having worked on a number of jewellery ventures in the past, I feel confident that we’ve got a strong business model in MarketOrders. There was a clear gap in the market for an online marketplace that provides independents with superior buying benefits, and we’re excited to roll the platform out to more retailers and suppliers in the coming months.

“We’re excited to roll the platform out to more retailers and suppliers in the coming months”

 
“MarketOrders, which taps blockchain tech to make the jewellery buying process more transparent, has exceeded a £400,000 crowdfunding target.”
Click HERE to read the article