The contribution of entrepreneurs to boosting the global economy is undeniable. Right from the Graham Bell to modern day Steve Jobs, their journey of innovation has greatly benefitted their countries and the world in general. For sure, entrepreneurs are cut from a different cloth, though one cannot really pin down a particular type that defines them. They are driven, creative individuals with a...
It takes passion to start up and convert your idea into a moneymaking business. However, passion alone is never sufficient to succeed in a business. It is people that make business happen; the ‘right’ kind of people. The core team plays a key role in shaping the future of a startup. It is the moot point that sets the course for the future. Hence, it is imperative that the founding team comprises...
Most of us have read the famous story about Jeff Bezos’s cross country trip from New York to Seattle. Bezos founded Amazon.com in 1994, writing up the Amazon business plan on the way. Jeff’s important advise for startup company or any company is to write up the business plan. Now if Jeff Bezos has done it, and become one of the most successful entrepreneur in the internet era, why not just do...
Social Media. We’ve heard this before. We’ve all been there, been awed by its presence, laughed at the funny cat pictures and marveled at the brilliant campaigns run by Businesses like Star Sports (#MaukaMauka?). As a startup, we all know and understand the power of Social Media. We would all also like to get in on the action and have our own pages roaring with likes and User Engagement. We want...
The number of startups launching every month is growing at a fast pace. Some entrepreneurs opt for a service based model, while others like me go the product model way. Although, there is no clear winner in terms of which model is the best, right or a deal breaker, there are many factors that contribute to the success or failure of startups. However, when I launched my startup Sainergie, an IT...
This is not a new story. At least, not the first part of it. About two months ago, the company I had founded, Synup had grown 4000% in a year but, we were still burning money like crazy. It was really bugging me that we were growing so fast, adding so much more revenue, but still had to depend on external sources for growth capital. This is not how truly strong businesses are built, at least not...
Setting up a new business venture is driven by passion, determination, intimidation and is a lot of fun. The idea of getting your solution to the market is so thrilling that it almost matches the excitement of sighting your first crush in college! Unfortunately, sometimes the market isn’t ready yet, and convincing consumers of the value proposition can dry you up. But if you believe you are...
Webkul Software Pvt. Ltd. found place in the 2015 Technology Fast 500 APAC Ranking. The co-founders, Vipin Sahu and Vinay Yadav started Webkul in 2010. Vipin Sahu comes from the small town of Fatehpur. He and his then roommate Vinay Yadav actively built software tools since their early days in college. Even thought they had no exposure to computers before college, open source excited their...
There was palpable excitement all around on June 16th as the much awaited Startup India policy was to be unveiled. Scores of intrepid, passionate, dedicated, knowledgeable volunteers from multiple groups had worked tirelessly for very many months advocating the need for the administration to recognise startups as legitimate 21st century vehicles for creating jobs and wealth in society. For this...
Typically, choosing to finance the SMEs looking for working capital loans, is not easy. First, the SMEs have smaller ticket size. Then they expect quick service and have high operational costs associated with it. ProductNation interviewed Shashank Rijyasringa and Gaurav Hinduja who started Capital Float in early 2013, a digital finance company that serves the loan requirements of SMEs in India...
