Thursday, June 25, 2009

Stay Hungry crosses the 100,000 mark

I'm happy to share with you all a significant moment: my book 'Stay Hungry Stay Foolish' has crossed sales of 1 lakh copies!

To celebrate this occassion, the publishers - CIIE, IIM Ahmedabad - have organised an event in Bangalore on 2nd July. And you, dear readers, are cordially invited!

Date: Thursday, 2nd July 2009

The Venue: Spring Hall, Hotel Royal Orchid
1, Golf Avenue Adjoining KGA Golf Course
Off HAL Airport Road, Bengaluru 560 008

Time: 5- 7 pm

Agenda:
* Release of 100,000th copy of Stay Hungry Stay Foolish as well as the Kannada edition of the book

* Launch of the first CIIE Mentorship network in Bangalore city, spearheaded by IIMA alumni

* Opportunity to interact and network with alumni, business leaders and entrepreneurs.

IIM Bangalore director Pankaj Chandra and IIM Ahmedabad dean B H Jajoo will be present on the occasion. We're also expecting several of the entrepreneurs featured in the book, to be in attendance.

It is a weekday and early evening but I hope you are able to join us!
Pls do send me an RSVP at the earliest as we have limited seats :)

As always, drop me a line at rashmi_b at yahoo.com

P.S. I will be in Bangalore from Tue-Thu next week. Would be nice to meet some of you! Any students of IIM B? I will be @ yr campus on Jun 30.

33 comments:

  1. Congratualtions Rashmi. Hoping to see another zero at the end of the figure
    :)

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  2. Congrats Rashmi! C U at the event

    Siva
    www.dhanax.com

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  3. occassion?
    from somebody who points out typos in the TOI?

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  4. 100,000 copies! whoa, u must be rich!! :P just kidding; its a superb book, congrats and may the sales add one more zero to the end of the figure, as Praneet says...

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  5. Congrats Rashmi! You wrote a great book and you more than deserve the accolades :)

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  6. congrats Rashmi, but i frequency of great posts on your blog has reduced, please keep writing here too.

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  7. Heartiest Congratulations.. Well deserved for the well beginning.. long way you'd go :)

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  8. Congratulations. Great going!

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  9. the book is worth a lot...congratulations ....\m/

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  10. This comment has been removed by the author.

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  11. I'm one of the one lakh....or should I say, one in a million :D
    Congrats Ma'm! I'm sure there are more zeros to follow.

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  12. Congrats! Rashmi, You deserve a lot.
    Wish luck, fame, health, wealth.
    You Indian Authors have alot more to do.

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  13. Congratulations Ma'm....it's an amazing achievement,best of all.... eager to see you on the panel in bangalore...

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  14. Rashmi, it was great to finally meet you. Your speech was just as interesting as your blog and your book :)

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  15. congratulations rashmi, i bought this book cuz of my frn and blv me i was reluctant to buy any such WISDOM speaking book. But the irony is, i finished the same book overnight. its was indeed, what i needed at that time.
    Thanks and keep the good work.

    PS: next book "I am done and I am smart' :)

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  16. Hey , congrats dear .. i was reading Shantanu Prakash 's story just yesterday ..

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  17. I enjoyed your book. Many congratulations you truly deserve this!

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  18. Recently I read a book by Rashmi Bansal “Stay hungry Stay foolish” which sings praises about entrepreneurs from IIMA who have supposedly made it.

    One of the company featured in that book is makemytrip.com. Till now I have been using cleartrip.com for booking tickets online. Now I decided to try makemytrip.

    And this email is about my experience with makemytrip.CON. That’s right…what a CON company it is.

    I booked a ticket for my mom using makemytrip. Makemytrip promptly charged my credit card along with its commission, sent me a booking confirmation mail and an e-ticket for the trip. So far so good.

    On the day of the trip, my mom reached the airport and presented her ticket at the airline counter. To her surprise, the airline told her that there is no PNR generated for her e-ticket and her name does not show up in the passenger list.

    She called me and I called the makemytrip customer service thinking that there must have been some miscommunication. To my horror, makemytrip customer rep told me that this indeed was true, that no airline ticket was ever issued or PNR generated against the e-ticket issued by makemytrip. And there is nothing that they can do. All they will do is refund the money and obviously the commission deducted by them or by credit card company won’t be refunded.

    My mom was stranded at the airport and had to book a new ticket at double the price for her trip.

    And then on top of that, makemytrip sends me a customer service feedback mail about the trip, makemytrip and airline for a ticket that they never issued.

    I sent a mail to Deep Kalra copy to service@makemytrip and the shameless people have not even cared to respond to me. How could they explain the con that they are running

    In the absence of any response from makemytrip, this is my interpretation of the CON perpetrated by makemytrip.

    They will have a fixed quota of tickets for a particular dare from a airline say 100 which they will advertise on their website. Customers will keep booking the tickets at different times and price of ticket will keep rising as the departure date approaches. Now if you have 100 tickets to sell, when you exhaust those 100 tickets, you will obviously stop selling. But NOT makemytrip. They will keep selling tickets even when they have exhausted their quote of tickets with the airline.

    So now 135 customers have booked the ticket. But makemytrip has only 100 tickets. What do they do? My guess is they pick the top 100 customers by the price paid for the ticket. So if you have booked a ticket well in advance and consequently paid a low price, you are out of luck. They will not issue ticket to you and they will not tell you the same. On the day of your trip, you will pack your bags and reach at the airport and discover the fraud committed on you.

    Then makemytrip will make some excuse about technical system and refund your ticket price but at the same time not refunding the commission they charged you for the SERVICE (sic!) they never delivered and ticket they never booked.

    On top of that the refund will come to your account/credit card after 2 weeks, so obviously they will make interest money on the float since the time they charged you for the ticket till they refunded it.

    So assuming they overbook on an average 25 extra tickets for a particular flight in a day and there are 50 flights. That’s 1250 tickets in a day on which they make commission and interest on the customer’s money.

    Cool business model, isn’t it?

    One of company featured in Rashmi Bansal’s book was Subhiksha who we know in what state is having conned it own employees of even their PF.

    I think its now makemytrip’s turn.

    Rashmi, did you do a background check on the entrepreneurs and their business models featured in your book? I would be very cautious in doing any business with any entrepreneur featured in your book.

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