Musings about my first love - Technology !
Indian entrepreneurship surging in recession
Thursday, September 11, 2008
The fans of social bookmarking sites (like Digg) would be knowing how such a site - Reddit got its vital money during startup phase. YCombinator, an early stage investment firm had provided the seed funding for it, Scribd and many others. It idea is simple, help to get the new Internet ventures off-the-ground on the cheap, with typical investments ranging from $15,000-$20,000, when they need it the most - in earliest phase.
Well India has got its own version of YCombination in form of Morpheus Venture Partners providing seed capital and mentoring to startups in India. For some time they have been conducting interviews with the interested startups and yesterday only came out with the list of startups that they will be betting on. For the moment investments come directly from MVP’s partners as opposed to the fund, which is currently in the process of raising $5M from investors.
Here is the list of startups which are gearing up for new age challenges even as the traditional industries are trying to either converge or cut costs to survive the bear run.
1) CallGraph: Call Graph is a service to record, track, monitor, share and transcribe your calls. It is designed for distributed teams who use services such as Skype for their meetings, conference calls etc 2
2) Crederity: Crederity is a new service that applies sophisticated technologies and programs to helping people and businesses easily establish trust on the Internet. As the web’s first guaranteed trust builder, Crederity enables people and businesses to certify their own integrity and that of others.
3) DeskAway: DeskAway “simplifies teamwork”. DeskAway is a subscription-based online team and project collaboration service that enables small businesses & teams to organize, manage & track their work online.
4) Dhanax: dhanaX stands for exchange of dhana or wealth, works with the vision to connect people from different economic backgrounds and thus create wealth for them. dhanaX is an online/offline people-to-people lending platform that lets Indians to lend and borrow money from fellow Indians.
5) Fachak: A platform where you can share any form of content from a document to a video, it just needs to mean one thing to you - Fun! Fachak is in its pre-release stage right now but is soon going to be in private beta. You can register yourself for the launch invitation on the website.
6) LifeMojo: LifeMojo’s focus is on creating a platform for delivery of preventive health care services and partner with renowned health experts for their consultation.
7) SutraHR: Sutra HR is a full services People Consulting firm which has a unique partnering model with Digital, Mobile and Internet startups and entrepreneurial companies in India, to find retain assess and train talent to take them to the next level and beyond.
For additional details, check out the MVP website here.
Labels: New Launch, StartUps
posted by Jas @ 8:36 AM,
5 Comments:
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At 9/12/08, 2:35 AM,
sahil said...
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Sorry, I can't seem to understand your post title ("Indian entrepreneurship surging in recession") in context with the content. Am I missing something?
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At 9/14/08, 5:34 AM,
Jas said...
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Pls refer to para3 of post:
"Here is the list of startups which are gearing up for new age challenges even as the traditional industries are trying to either converge or cut costs to survive the bear run."
That shall explain the context -
At 9/14/08, 11:31 AM,
Rahul Sethi said...
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I quite like the MVP model. There has been some debate wrt its credibility and effectiveness. I like your whole analysis on the startup scene.
I know one of the companies personally - DeskAway (http://www.deskaway.com), we use the product (its fantastic btw - powerful and always improving), so its great to know they are excelling. Im glad they're doing well!
Heard of some of the others as well. Crederity and Dhanax both ring a bell. -
At 9/25/08, 2:24 AM,
Jas said...
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But what am more interested in is how the companies are going to be funded, what was the criteria used by MVP; so that will be clear how other startups can choose this option.
Harsh,
Are you just using the product or are you also a part of it, in which case you can let us know more about it. Do reply! -
At 5/10/20, 12:04 AM,
Unknown said...
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Very good post.. such post needed to written again as there would be huge recession post corona.. Background Check Companies
