Hylyt helps in unified information management and business collaboration on an integrated platform
Please introduce yourself and the startup Hylyt to our readers!
My name is Rajat Singhania, I have been in business for 30 years and I have experience in different verticals. In-fact, I have experience in tech space for 35 years and I’ve done coding back in the day when the coding languages were basic, probole & DBS free; I have done coding in them and in terms of business experience in industry of tech space I’ve run BPO for more than 20 years. I have experience in infrastructure space where I’ve run a business from around 25 years and in my latest venture, we are looking to solve the biggest problem all of us experience today of saving, organizing and managing information. The problem of data overload in today digital age. Coming to my product the product is Hylyt.
Hylyt helps in unified information management and business collaboration on an integrated platform. If I come to the definition Hylyt is a secured, patent B2B platform which set on all of the top apps and other data files you have to help you to manage all the information which matter and convert and collaborate in a control environment with all your stakeholders and thus enhance productivity , prevent data leakage and have 360 degree view of all information that matters.
Why did you decide to start a business?
Hylyt came into being because of a personal pain-point experience, I was attending a meeting convention and some information popped up in my mobile screen and I swiped it, thinking that I’ll come back later and once I was back in the office next day, I just tried to find it but couldn’t find it. It got lost in all the information. On high-side, I know I could have handled it better something could have done about it but the thought it triggered and then the door it opened was that there has to be better way to manage information which will work for people to this & any other situation.
So, first I ask from people that is there any solution which helps you to manage information in such situation? And I realized there is no such solution then I ask to people if they need such type of solution? Or was I the only one who thought this was a problem and I realized there are a lot of people who face same situation and they wanted a solution. So that’s how the journey of Hylyt started, to give a simple, easy & unified way for people to manage information from multiple channel and source of information & that’s how the journey of Hylyt started.
What is the vision behind Hylyt?
Our vision is “We are looking to generate two & a half billion manhour of productive time by the year 2025” basically our biggest challenge today is based on multiple studies has been that people are spending as much as 25% of their productive time in saving, searching, organizing and managing information and this has been validated by multiple studies done by various leading research agencies and Hylyt is on mission to help you to reduce that number significantly and thus help you to generate significant amount of productive manhour and that is exactly the vision behind Hylyt. Levering technology to give better solution to help us to become better in what we are going to do and give us the complete view to do that.
From the idea to the start what have been the biggest challenges so far and how did you finance yourself?
Interestingly, we are solving a problem which everybody faces but we do not realize that there is a solution and they have accepted it as a part of their being. So, if you ask me the biggest challenge is, telling people that you are facing this and we know this problem and we actually have the solution which will solve this problem. So, that if you ask me the biggest challenge, to get the word out there, tell people that we have a solution to this problem, make them aware of it, make them believe in it and make them use it. Once they use it, they become our users they don’t go away but till then that is a challenge.
In terms of finance, like I said I’ve been in business from almost 30 years and then I have some well-wishers who are happy to help as a result, right now I’m boost trapped with funds coming from either mine, my family, friends helps and we are putting all the money on this product to take this product to help people at large.
Who are the target group of Hylyt?
Our target customers are “everyone” because we all have information which we need to manage. Let’s characterize it in two ways: (1) Job function and (2) Business Vertical. So, if I talk about Job function- decision makers, The decision makers could be business owners, senior level executive or anybody who are in senior level management and second category is anybody who are part of remote team now the remote team could be people working from home, it could be sales people on the field, it could be project team at site, it could be service people taking care of customer or it could even be satellite branch or location people where we have few people taking care of the branch office or businesses who have multiple set location and third would be people where information equals money.
Now we all know time equals money but for some people information equals money. These are the categorized here consultant, advisor, lawyer and research team so to all these three segment of people Hylyt is something they need and they are losing money and they are harming themselves if they are not using Hylyt. Let get into some industry verticals where Hylyt is very useful like pharma companies, people in education because they have too much of information & too many stakeholders and then people in health care so these are the initial targets.
How do Hylyt work? What are the advantages? What makes you different from other providers?
Hylyt lets you get any information from any platform what so ever in one or two clicks from that platform onto Hylyt, inter-connected with various pieces of information which you have on Hylyt which is not limited to pieces of information in the same folder. Find it on the base on multiple criteria when you want it, share it with internal and external stakeholders seamlessly, control and decide whether they can reshare & forward the information or not and pulled it back whenever you want without any limitation of time, that’s in a nutshell what Hylyt is.
So, a go-to product for everything to do with information management because we help you to get any information from any platform onto Hylyt and we help you to inter-connected on multiple parameters which goes beyond the folder structure, every information can be connect with multiple piece of information across multiple folders and we help you to find information on the basis of multiple criteria and with help you to control how it get used and information includes all commonly used file format including Microsoft office multimedia and text note, chats, reminder, calendars everything.
- Single point solution for all different formats of information.
- Easy to get information in
- Possible to interconnect information on multiple parameters which is not dependent on folder structure.
- Finding the information based on multiple criteria so that it’s easy to narrow down what are you looking for.
- Decide whether other people can save or reshare your information so that you decide who uses your business information & how.
- You have the entire data available in your data servers, it does not have to be in Hylyt data servers.
What make us different from other providers: there are many people in some part of what we are doing but there is no single product in the world which gives a complete solution everything to do with manage management the way we do. Which is what gives us a unique position and gives us unfair advantage.
How has your company changed with corona?
So, well corona has been interesting change for us. On one hand, it has been the biggest advertising and marketing tool for us because it created the demand market and situation where work from home or remote working has become really big accepted norm. And people working from home need Hylyt because Hylyt is the easiest and neediest solution for people working from home so it kind of build up the potential and future of our product but other the challenge is to let the word out there so that the people need work from home and all the problems they are facing they can be significantly mitigated and they can be in a much better and stronger spot that they and there business migrate and use Hylyt as the primary option for information management.
How did you adjust to it and what changes have you made?
We have a hybrid model where people working from home, some people are working from office and our meetings which used to be primarily face to face have become zoom meeting whether internally or to potential customer and clients, so it makes life easier to an extend that people don’t need to travel for meeting and lot of things can be done online but it also made it more difficult because there are no timeline and as a result work can be done without any limit of time so we are also adapting it with each day and give possible service to our client and well-wishers.
Where do you see the opportunity in the crisis?
Hylyt is the easiest and neediest solution for people working from home so it kind of build up the potential and future of our product but other the challenge is to let the word out there so that the people need work from home and all the problems they are facing they can be significantly mitigated and they can be in a much better and stronger spot that they and there business migrate and use Hylyt as the primary option for information management.
Hylyt, where does the road go? Where do you see yourself in five years?
I feel we are definitely in a very good part; the road is taking us fast towards our destination of huge growth and user reck position. In five years, we hope to become a known name for information management. If I can take a jab & say its information only if it’s on Hylyt. If you are looking to stay top of information you need to be only on Hylyt because only then will you be in best position for your information and as Hylyt we are here to make you powerful, productive & profitable and all this can only happen if you are using Hylyt and then you are top of information.
Which 3 tips would you give to future founders?
It’s been an interesting journey, even when I started, I had 27 years of experience and I would say what all I have learnt in these three years of journey would be probably more than that I have learn in last 20 years.
So, I have many interesting tips to share but if I share 3 tips then:
- Don’t find a problem for your idea, find idea for your problem. The biggest mistake most people do is that they find an idea and then find a problem that is never a great idea. Always find an idea and solution to a problem which you experience or someone you know experiences.
- If you have a problem you have a solution, can that be commercialize in something that others can use, is that a business or is that temporary solution to something which you face or somebody face.
- It’s not going to be easy but it will be worth it. So, if you decide to get into this journey give it your 200% and trust me you will not regret it; if you give it 99% it will not work.
More information you will find here
Thank you Rajat Singhania for the Interview
Statements of the author and the interviewee do not necessarily represent the editors and the publisher opinion again.