Indian industrialist, philanthropist, and former chairman of Tata Sons, Ratan Tata has extended his support to Goodfellows on Tuesday, the start-up that is designed to pair citizens with young graduates to form meaningful friendships. There are e-commerce websites for "senior-centric products" and apps which offer disembodied personal assistants for timely reminders on medications. Tata Tata Tata Naidu said that it is difficult to fabricate the bond between an elder and a grandchild, but added that the firm would ensure that the authentic bonds can be formed. Explore. Ratan Tata has backed Goodfellows, a startup that onnects senior citizens with young graduates for meaningful friendships. Shantanu writes in Linkedin that A very long road ahead, but well see it through! Read this article to know more. In 2009, Naidu had founded an innovation and design-based organization Motopaws, which had received an undisclosed investment from Tata. Tata The startup plans to expand the project within Mumbai ad to Pune, Chennai and Bangalore and, will also offer travel companionship to senior citizens who hesitate to take trips because of the insecure feeling or lack of company, Yes, the Rich Are Different Here Are 5 Customer Service Secrets I Learned While Working With Wealthy Clients, 5 Free AI Tools That Can Take Your Content to the Next Level, How to Make Money Online: 10 Proven Ways to Make Money Online, EV Social Commerce Startup EVINDIA Raises Undisclosed Amount In Pre-Seed Funding, 7 Strategies for Entrepreneurs in Partner and Affiliate Marketing, Revolutionizing The Insurance Industry: Dhirendra Mahyavanshi, Co-Founder, Turtlemint. Also read: Maruti Suzuki, Zomato among most bought stocks by fund managers in July, HDFC, ITC most sold. This website is using a security service to protect itself from online attacks. The start-up has been founded by Shantanu Naidu, a close mentee of Ratan Tata and a general manager in As per reports, for the programme's Beta Phase, the startup received 800 applicants from young graduates, out of which 20 were shortlisted. It will also offer travel companionship to senior citizens who hesitate to take trips because of the insecure feeling or lack of company. That was a really heart wrenching, gut punching and soul crushing remark by the octogenarian industrialist. Naidu's new company for senior citizens now has support from Tata to help form bonds between the two generations. Ratan Tata Launches Companionship Startup For Seniors, As per Naidu's statement, the startup plans to expand the project within Mumbai ad to Pune, Chennai and Bangalore. Industrialist Ratan Tata on Tuesday announced an undisclosed investment into startup Goodfellows that offers companionship to senior citizens as a service. Tata With old age, isolation and loneliness are becoming more common among the elderly. The PM CARES Fund collected Rs 7,014 crore in 2020-21 and Rs 3,076 crore in 2019-20. Tata Tata The startup was founded by Shantanu Naidu and received a seed investment The second month onward is a small subscription fee that has been decided based on the limited affordability of pensioners., To give the young graduates dignified, respectable salaries, this is a paid service. Ratan Tata Invest In Goodfellows: 84 , . Its just good ol lending ear over a cuppa chai with cookies, playing carrom (or ludo) or watching a goofy show on the telly. She has an avid interest in content creation, digital media and fashion. Former Tata group chairman Ratan Tata on Tuesday announced an investment in Indias first companionship startup Goodfellows. The Tata Mumbai Marathon 2023 will happen on Sunday, 15th January 2023. Ratan Tata has announced to invest in startup firm Goodfellows, which provides companionship to elderly people. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed. The 80-year-old industrialist has been an active supporter of startups ever since his retirement from the salt-to-software Tata group. Tata In its beta phase, we discovered how organically the Grandpals bonded with the Goodfellows," said Naidu in a press statement., Goodfellows also hosts monthly events curated for Grandpals who participate with their Goodfellows, with the hope that the bonds become deeper and enjoyable in a different environment. Tata The Senior citizens can avail the services by signing-up on thegoodfellows.in or can give a missed call at +91 8779524307 or check out their Instagram handle. The beta which is expected to end in January as GoodFellows looks to launch officially, is still accepting Grandpals willing to experience this service with zero cost or liability, the note said. End on Wednesday, 30th November 2022, 11.59 PM IST or as soon as running places are filled, whichever is earlier. Senior Citizens Tata Sons chairman emeritus Ratan Tata has recently invested an undisclosed amount in Goodfellows, a startup that will offer support and friendship to the elderly. Ratan Tata on August 16 announced his investment in Goodfellows, a startup that offers companionship to senior citizens as a service. With seed funding from the chairman emeritus of Tata Sons,the subscription-based company launched on 16 August.. The Goodfellows- Everything Grandkids Do 1803.00 -39.90 ( -2.17 %) Adani Ports 661.60 -4.50 ( -0.68 %) For the last six months, Goodfellows has been working with 20 elders in its beta phase in Mumbai. AI Reimagines Fawad Khan As Batman And Mahira Khan As Barbara Gordon In The Pakistani Version Of Gotham, This Is Ratan Tata Repos Founders Share How One Phone Call Changed Their Fortune. Your IP: As of now, they are accepting requests from those who are willing to experience this service with zero cost or liability. Its never about financial returns.. Yet again octogenarian industrialist Ratan Tata invests in a new start-up that is made for the elderly who dont have those emotional bonds dues to their empty nests. Tata Non-profit models that have attempted this have failed, Naidu said, as the companions are unpaid volunteers who dont commit long-term. This startup was launched in Mumbai on Tuesday. Naidu addressed Tata as a boss, mentor and a friend. An all-new company, backed by none other than Ratan Tata, hopes to make a more meaningful impact in elderly care by being a "senior companionship start-up for intergenerational friendships. New Delhi: Industry veteran Ratan Tata has invested an undisclosed amount in Goodfellows, a startup that caters to senior citizens by offering companionship as a An announcement in this regard is expected as early as Monday. But even a Tata with the world at their disposal couldn't help but feel the cold claws of loneliness sting. This led him to launch the start-up which hires young people having emotional intelligence and empathy known as grandpals to interact with the senior citizens. The startup was founded by Shantanu Naidu, 30, who manages Ratan Tatas office and his startup investment portfolio, in the role of general manager. Ratan Tata said no one minds getting old till you actually get old, adding that getting a good-natured companionship, which one takes for granted, is a challenge, news agency PTI quoted. Teena is a post graduate in financial journalism. Naidu told PTI that he has developed a model with the help of psychologists to select the right candidate to act as a companion for a senior citizen. Copyright 2023 Entrepreneur Media, Inc. All rights reserved. August 21, 2022. Prev Post . Search results are Goodfellows, designed to pair senior citizens with young graduates in the form of a paid service, has completed a beta phase in Pune over the past six months. And diversification is helping it make bank. Ratan Tata's biz assistant launches startup for senior citizens. Industry leader Ratan Tata, on Tuesday, announced a undisclosed amount of investment in Goodfellows, a startup that offers companionship to senior citizens as a Tata The octogenarian industrialist has been an Tata Tata Tata Senior Citizens Services & Organizations in Deeth, NV - Superpages Cloudflare Ray ID: 7ec2c41eeb101952 English Hindi. This 'PhotoGuard' Protects Your Images From Malicious AI Edits; Check All Details Here. The brainchild behind the goodfellows Shantanu shared that there are over 50 million elderly who go about their day all by themselves. Tata Tata said he would be delighted for this service to grow and mature into something which innovatively changes people's lives. Tata Click here to join our channel (@TheWeekmagazine) and stay updated with the latest headlines, *Articles appearing as INFOCUS/THE WEEK FOCUS are marketing initiatives, here to join our channel (@TheWeekmagazine), Using ChatGPT to create workout plans? Facebook Twitter WhatsApp Messenger Messenger Share via Email. During the beta testing phase, Goodfellows received a positive response with over 800 applications from young graduates looking to be employed at Goodfellows of which a shortlisted cohort of 20 provided companionship to the elderly in Mumbai. New Delhi, August 17 : Industry leader Ratan Tata, on Tuesday launched Goodfellows, a senior companionship startup that provides companionship services to senior citizens. Naidu has been working with Mr Ratan Tata since 2018 as a Deputy General Manager (Chairman's Office). Chairman Emeritus of Tata Group Ratan Tatas business assistant Shantanu Naidu plans to launch The latest investment by Tata has been announced into start-up firm Goodfellows, founded by Shantanu Naidu. WebRatan Tata Invests in Senior Citizen Companionship Startup Goodfellows. Check out this breakdown of the 10 top online money-making methods. Ratan Tata launches India's 1st companionship start-up for senior citizens, which will offer support and friendship to the elderly. The idea was well received after Tata revealed his undisclosed investment on August 16. News 1 day ago India Reports Over 10,000 New Covid Cases In The Last 24 Hours, Covid In Endemic Stage. The initiative was founded by 30-year-old Shantanu Naidu, a Cornell University graduate who is also Ratan Tatas business assistant. Naidu has also penned his friendship with Tata in a book called I Came Upon a Lighthouse" (HarperCollins), which was released early last year. Tata Your Reason has been Reported to the admin. Goodfellows connects about 50 grandpals, men and women over 70 with good fellows in their twenties, an eclectic group of employees, chosen after several round of intense vetting and psychometric testing. Ratan Tata, 84, Backs Startup That Staves Off Senior Loneliness Tata WebSenior citizens can avail the services by signing-up on thegoodfellows.in or can give a missed call at +91 8779524307. Goodfellows has already been functioning with 20 grandpals in its beta phase in Mumbai for the past 6 months. "The startup hires young graduates with the right empathy and emotional intelligence skills to 'work' as the senior citizen clients' companions and ease the day for them with any tasks or just talk with them," said Naidu. Ratan Tata announced an undisclosed investment into startup Goodfellows that offers companionship to senior citizens as a service Adani Enterp. Mumbai/IBNS: "You don't know what it is to be lonely, until you spend time alone wishing for companionship." The subscription model also ensures that when the seniors bond with the goodfellows, they do not keep rotating the graduate visiting them since that does not allow enough time or emotional attention to form an authentic and real bond. The Goodfellows startup was started by Cornell University MBA Shantanu Naidu. On Tuesday, he announced his investment in Goodfellows. Inter-generational friendships. Experience Your Economic Times Newspaper, The Digital Way! Their friendship began when he bumped into Shantanus initiative for strays in Aamchi Mumbai. This startup backed by Ratan Tata connects senior citizens with Naidu also assists Tata as chairman of the groups massive philanthropy arm, Tata Trusts. Initiated in October 2017, the Trusts elder-care initiatives were aimed at serving the relevant needs of the elderly in India, 71% of whom live in rural areas. Industrialist Ratan Tata launched India's companionship startup for senior citizens, Goodfellows, in a bid to encourage intergenerational friendships. Ratan Tata announced an undisclosed investment into startup Goodfellows that offers companionship to senior citizens as a service Mumbai, NFAPost: Industry leader Ratan Tata has announced an undisclosed investment into startup Goodfellows that offers companionship to senior citizens as a service. WebRatan Tata, the octogenarian industrialist who steered the $128 billion Tata Group for decades, has backed a startup that connects senior citizens with young graduates for Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Ratan Tata backed his mentee Shantanu Naidus startup called Goodfellows which provides companionship as a service to senior citizens to avoid their loneliness. Tata The 25-year old Naidu is Cornell University-educated and is a general manager in Tatas office and has been assisting Tata since 2018. Mumbai: Industry leader Ratan Tata on Tuesday announced an undisclosed investment into startup Goodfellows that offers companionship to senior citizens as a service. This startup said that it has received investment from Ratan Tata. He shares Tatas love for dogs and strays, and had previously started a venture for pets as well. The business model of Goodfellows is click here! The subscription-based service is only available in Mumbai currently but will be offered in other cities including Bengaluru soon. News File with Samson Lardy Anyenini - Facebook Its motto is to promote "friendship between generations". The start-up for the elderly aims to recognize loneliness and mental health issues as real public health concerns in India by making a Goodfellow work like a grandkid. He said the experience till now has suggested that the companions do a myriad of tasks with the clients, which may include playing carrom, reading the newspaper for them or even taking naps together. Tata ", Called Goodfellows, the for-profit start-up employs young graduates after vetting their emotional maturity, empathy and commitment to the task of forging bonds with their older clients as friends. Goodfellows is founded by 28-year-old Shantanu Naidu, an MBA from Cornell University. The octogenarian industrialist has been an active backer of startups ever since retiring from the helm of the salt-to-software Tata Group and has invested in over 50 Ratan Naval Tata (84) is a rare gem of a maverick leader carrying the baton of Tatas impeccable legacy that has only made India stand tall among the giants. Ratan Tatas latest startup investment Goodfellows for senior Seeing the bright smiles on the faces of Grand Pals as they walked in & their happiness to get together with their Good fellows once again was simply beautiful to witness and the warmth in their hugs exchanged was an emotional moment. About 5.7 per cent of the country's senior citizens (age 60 and above) live on their own without the support of family or friends. To some, it may mean watching a movie, narrating stories from the past, going on a walk or having quiet company sitting around doing nothing together, and we are here to accommodate it all. WebThe Goodfellows startup was started by Cornell University MBA Shantanu Naidu. 1:28 pm IST22 July 2023. The start-up employs young graduates after vetting their emotional maturity, Start-up developers thinking of modern ways to address the unmet needs of the elderly in India haven't made much headway beyond medicines, ailments and shopping on smartphones. Are you sure you want to Log out from Business Standard, This is a subscriber only feature Subscribe Now to get daily updates on WhatsApp. WebElko Senior Citizen Center Inc: Employer Identification Number (EIN) 943017044: Name of Organization: Elko Senior Citizen Center Inc: Address: 1795 Ruby View Dr, Elko, NV 89801 Ratan Tatas latest startup investment Goodfellows for senior citizens; old people yearn companionship | The Financial Express English English This is a new startup company initiated six months ago by the Mr. Shantanu Naidu. Start-up investments by Ratan Tata are very well-known. This allows the Grandpals to meet each other as well as more young graduates, building a sense of community., The business model of Goodfellows is a freemium subscription model. Hyderabad: Industrialist and former Chairman of Tata Group, Ratan Tata has extended his support to Goodfellows, a startup that connects youngsters with senior citizens. WebStart on Friday, 26th August 2022, 7 AM IST. Shah Rukh Khan's Upcoming Film Reportedly Bags 'Highest Digital Sale Ever'. Rock on Ratan. Tata also launched India's companionship startup for senior citizens, Goodfellows, in a bid to encourage intergenerational friendships." There are 15 million elderlies in India living alone, either due to the loss of a partner, or families moving away for unavoidable work reasons. Naidus experience till now has suggested that the companions do a myriad of tasks with the clients, including playing carrom, reading the newspaper for them or even taking naps together. SuperPages SM - helps you find the right local businesses to meet your specific needs. View All Search Results.
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