Chatur Ideas is the inception of the first ever dynamic, multifarious online platform, which will engage, counsel, and interconnect the entrepreneurial breed of India to investors, financers, and mentors in a controlled investment-friendly ecosystem. It acts as a ‘virtual intellect box’ where all the brilliant and ingenious entrepreneurial ideas will be scrutinized, enhanced, and mentored and will be given assistance and or possible funding. It also simultaneously runs various entrepreneurial contests, which help entrepreneurs get seed capital that helps them in financing their businesses, start-ups, and inventions.
The inception story
“My story began in 2009, with my idea to start a cab service based on GPS. I created a working model and reached out to various industry experts. However, when I approached the aggregators of the taxi/cab service companies; I was discouraged from pursuing the idea. I took their words seriously and decided not to further work on the idea as it needed political connections and managing unions. Having dropped the idea, I started working in a firm as a wealth manager and was responsible for managing ultra-HNWIs money, who invested in India and abroad across asset classes. Through this experience, I acquired a huge amount of networking and domain expertise.
However, simultaneously, I also saw Ola’s birth and their journey to the 1000-crore club on the footholds of the same idea that I wanted to initiate back in 2009. This turned out to be an eye-opener for me and caused me to reflect on the decisions I made.
Over the years, I have also spent a lot of time mentoring startups and investing in them, connecting with investors, and gaining a lot of experience and exposure.
As a result, I decided to bridge the gap between entrepreneurs and investors/mentors by providing a platform for their interactions and valuable feedback from these dignitaries to these entrepreneurs to help them with their journey. Thus, took place the establishment of Chatur Ideas – which has now become one of India’s leading startups enabling platforms that acts as a ‘ONE-STOP SOLUTION’ for start-ups and entrepreneurs,” says Devesh Chawla, CEO and Founder, Chatur Ideas.
The advice to the aspiring leader
“Never stop meeting the right people: Your connections keep your business afloat. Make relevant connections and networks that will keep you elucidated with their experience and learnings. Keep in touch along the way and build quality relationships to uplift your knowledge and business. As they say, your network is your net worth.
Your Business Will Demand Money: If you are starting a startup, it will demand some money and you might take some financial hits. But without spending money, you can’t make it a long way. However, don’t forget to be frugal and smart with your spending patterns. A tip here would be: to spend money where you see the value. This value can be social, physiological, or other ways.”
Support the development of future leaders
“While micromanaging exerts a greater control on its operations, apart from when the operations are complex and instructions need to be communicated, it is not very useful. The micromanagement style, or more specifically, keeping close tabs on what work is being done, how it is being done, and the quality of the output, can certainly be used effectively, however, employee wellbeing & psychological safety must be taken into account.
Micromanaging your employees, to put it bluntly, annoys them, creates trust issues, and can cause employees to become dependent on micromanagement leading it to be unscalable.
So, I believe in efficient management; Creating important tasks, and allowing employees to do the work in their way goes a long way toward creating trust between the employees and me. Simply touching base with them at predefined points along the way eases the employee to complete the task at a defined pace in his methods improving his growth and creativity. As stated earlier, at Chatur Ideas, we nurture creativity, be it of our employees or our clients,” adds Devesh.
Awards
- Awarded as CEO of the year 2019 in Dubai by GISR Foundation and American College of Dubai
- Awarded as Entrepreneur of the Year 2018 by Minister of State for Health & Family Welfare, Ashwini Kumar Choubey
- Awarded the Mahatma Gandhi Samman Award, which is given to 25 Indians only across the world
- Selected amongst Top 30 Entrepreneurs of the Year 2018 by The Silicon Review
- Selected amongst Forbes’ Top 100 Great People Managers 2021
- Facilitated the Youth Leadership Award by the Trade Commissioner of Canada
- Nominated for Business World 40 under 40
- Chatur Ideas has been selected as Top 5 Rising Startups of India by Tech in Asia
- Chatur Ideas has been awarded as India’s leading startup enabling platform at BRICS Conclave
- Chatur Ideas has been awarded as Top 50 Small Businesses of India 2021
Future Roadmap
“I have been deeply committed to assisting today’s youth to gain financial independence, be it through entrepreneurship, jobs, or the stock market. People need to learn to be self-reliant. To achieve that, I have conducted various workshops and courses on stock market technical analysis, entrepreneurship, and financial independence so that my students can make money on their own,” concluded Chawla.
- Visit Devesh Chawla – LinkedIn Profile
- Visit Chatur Ideas – Company Website
