“Raising money on crowdfunding platform, Crowdcube.com, the London-based start-up secured £448,420 from 214 investors.
MarketOrders plans to use the funding to officially launch its platform, which will use innovative blockchain technology to make the jewellery buying process more transparent.”
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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.”
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Today (July 2), B2B marketplace MarketOrders has overfunded on Crowdcube.com, raising a total of £448,420 from 214 investors.
“Sukhi Jutla, co-founder and COO of MarketOrders, said: “We’re thrilled to have exceeded our crowdfunding target, and this funding will make a huge difference as we look to expand our exceptional team and invest heavily in updating our platform.”
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In its recent article “MarketOrders exceeds crowdfunding target” BusinessCloud writes “The B2B marketplace for the gold and diamond jewellery industries raised the total from 214 investors and plans to use the funding to officially launch its platform, which will use innovative blockchain technology to make the jewellery buying process more transparent.
“We are passionate about supporting independent retail jewellers, and we strongly believe this marketplace will put the power back into their hands.” said Sukhi Jutla COO and Co-founder of MarketOrders.
“Ram Krishnna Rao, co-founder and CEO of MarketOrders, said: “Having worked on a number of jewellery ventures in the past, I feel confident that we’ve got a strong business model in MarketOrders.”
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Great Leadership lesson and insight on how working from home is the best thing for everyone, from MarketOrders co-founder Sukhi Jutla.
“I used to work in a traditional 9-5 corporate job where I spent many hours each day stuck behind a desk. Since becoming an entrepreneur, I’ve chosen not to maintain that work environment.
I now work from home and maintain flexible hours. This is simply because I have recognised that this is how I work best. If you want to be an effective leader, you first need to learn how to lead yourself, which includes optimising your environment in order to optimise your performance. …”
Says Sukhi
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Verdict media article on the price of Bitcoin that is surging towards $13,000, asks in its title:
“Bitcoin is heading back towards its peak, but can it stay there this time?”
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It’s not every day that you bump into a billionaire but trust our co-founder Sukhi to do so!
As many of you may know, a few weeks ago in May Sukhi was invited to Keynote speak at the Digital Enterprise Show (DES) in Madrid, where MarketOrders also walked away with an award for Digital Innovation.
En route to Spain, Sukhi bumped into Sir Stelios Haji-Ioannou, who is a British Cypriot entrepreneur best known for setting up easyJet.
No one really likes hanging out at airports but for entrepreneurs, it can be golden time to catch up on emails and social media.
Other times, it’s also great to just wander around the terminal and that is exactly what I decided to do as I waited to board my flight to Madrid to keynote at The Digital Enterprise show (DES).
As I walked past WH Smiths lo and behold I saw a very familiar face! It was a round face with a familiar smile and I could see this person intently perusing the phone charging section of the store.
As an entrepreneur, I have devoured various articles and books on the most successful business people and billionaires in an effort to learn from their journeys.
So when I saw Sir Stelios, I went straight up to him, held out my hand and introduced myself to him. He took one look at me, chuckled and said ‘ You must be an entrepreneur’.
I asked him why he would say that and he said ‘’because it takes one to know one!’’
He was delightful, taking a few minutes to take a photo with me and learn about what I am creating with MarketOrders.
He wished me the very best as we parted ways and said ‘Keep up the great work’.
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Sukhi Jutla, COO and co-founder, Marketorders writes about
“Every aspect of our lives is now heavily saturated with technology. We have startups, like Deliveroo and JustEat, delivering your takeout food, technology to collect your laundry such as LaundryHeap, and a plethora of companies, such as Uber, to take you to your destination with a few clicks of a button. Yet, until now, there was one significant industry that still hadn’t embraced technological disruption: the gold and diamond jewellery industry. Let’s call this JewelTech; the $175 billion-dollar industry, which is set to grow exponentially.”
Social media giant Facebook has released the white paper for its long-awaited cryptocurrency and blockchain-based financial infrastructure project on Tuesday 18 June 2019.
“…the success of Facebook Libra will likely be determined by the ability to provide a seamless experience that allows payment with the ease offered by more traditional methods, according to blockchain expert Sukhi Jutla, co-founder of MarketOrders.
“Facebook will thrive if it is able to make the usage of their coins seamless, and as easy to use as fast cash,” Jutla told Verdict.
The technological barrier is often cited as one of the main issues holding cryptocurrencies like Bitcoin back from mass adoption — purchasing cryptocurrencies can be a difficult process for those that don’t really understand it. By solving this, Jutla predicts that use of Facebook’s cryptocurrency could snowball.
“The business model is heavily based on network effects which are critical to the adoption of cryptocurrencies,” Jutla said. “If one user starts to use the Facebook coin, there is a greater chance that other users will follow suit.” ”
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In this great article by WeAreTechWomen.com our Co-founder and COO Sukhi Jutla gives some insights into some mistakes she has made and she has learned from along her path to become successful entrepreneur.
Some might think that awards like these come from always doing the right thing at the right time. But I believe that awards like these are awarded to those who do more than just get things right. They are given to those who make many mistakes and experience any setbacks but still find a way to push forward.
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