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Published on:
May 22, 2023
By
Paramita

Blockwee: Startup by Ayush & his friends in college makes $15000 a month!

For most of us, college years are all about fun with friends, bunking classes, movies, and a carefree life. But some have different plans! Let's meet Ayush, Bhushan and Luvai, final-year engineering students who went on to achieve great success at an age when they are only expected to achieve great grades! 

Blockwee
in picture: Ayush Panchmiya (CEO), Luvai Darwajawala (COO), Bhushan Suda (CMO) [from the left]

In the bustling city of Mumbai emerged a startup Blockwee, a specialized marketing agency for web3 technologies. The company, founded by a group of ambitious college students with a passion to do something remarkable started an exciting journey to navigate the uncharted territory of this rapidly evolving Web3 industry. Let us walk through Blockwee's inspiring tale of persistence, innovation, and growth.

Ayush, the co-founder of Blockwee, found initial success as a YouTuber in the cryptocurrency niche. This was his first encounter with web3 which later went on to open up a new world of possibilities for him. His growing interest made him look more into the field which quickly accelerated to attending events, and seminars with his co-founder Bhushan. It turned out to be his breakthrough when he met his first client at one such event in Jaipur. He bagged his first project of 20 videos!

in picture: Ayush Panchmiya (CEO) & Bhushan Suda (CMO) [from the left]

Ayush and his team continued to attend more events and dig deeper into the world of Web3. While the industry was still in its early stages, Blockwee recognized a prevalent challenge. With limited data of people to study, no previous case study with clear-cut answers there was no proven road to success. “Companies were spending huge amounts of money on marketing, more than 10-20k USD per month. Blockwee aims to provide cost-effective marketing solutions, and create a brand” said Ayush. 

As with every other business, Blockwee suffered a rough patch. They struggled to secure projects for approximately 6-7 months. However, their relentless dedication led them to attend numerous events, network extensively, and reach out to potential clients. It all paid off when they hosted one of the biggest web3 conferences in Bangalore, becoming the official media partner of the event. This breakthrough opened the floodgates to brand requests and inquiries, but the remote team lacked a physical office space. They connected with Riidl (Mumbai-based startup incubator) recognized the value and potential of their ideas and successfully secured office space, allowing them to gather the entire team, put their ideas on the table, and intensify their content creation efforts. With steady growth, they are now a 10 members team which started from 3.

Blockwee's hard work and expertise garnered international recognition when they received an invitation to the largest crypto expo in the world, held recently in Dubai allowing them to showcase their capabilities on a global scale. With a bootstrap approach, and initial struggles in converting clients, the team faced uncertainty. However, they believed in their vision and chose to let go of their placement opportunities, dedicating eight months solely to Blockwee. The risk paid off! The company now earns over $15000 a month, gained recognition globally, validating their decision to prioritize their startup over immediate job placements. 

When asked about how Swipe has helped in their journey, Ayush much to our delight said, “We’ve been using Swipe for last 6 months. It’s very easy to make invoices. We got a free 12-month subscription of the billing software via #SwipeforStartups program. The finance team loves it!” He added with a smile. 

Blockwee has solidified its position as one of the top players in the web3 marketing industry in India. Swipe is proud to be a part of the journey where Blockwee continues to expand its domain and explore new avenues. They stand as a shining example of how embracing emerging technologies can pave the way for remarkable achievements. These 3 college students strongly prove age is just a number‚ when you have dreams to achieve.

We believe with Swipe, success is just a step away!

If you are a startup and want to know more about our #SwipeforStartups program contact us +91 8121 33 5436 or mail us at team@getswipe.in.

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Updated on:
March 16, 2024