184th 1M/1M Roundtable For Entrepreneurs: All Indian Affair
Today’s roundtable was an all Indian affair.
First, Ajit Narayanan from Chennai, India, a 1M/1M premium member, pitched Avaz. Actually, Avaz is his first revenue-generating product – an iPad app for autistic children. Today’s discussion was about the company’s strategy around various funding options Ajit is looking at, their pros and cons, as well as a second product line that Ajit is planning for.
Then Vinayak Garg from New Delhi, India, pitched Zest.md, a platform for nutritionists and dieticians to manage online practices. Vinayak has been seeing adoption and interest from various segments: Indian customers with low Internet savvy who suck up huge amounts of his time, as well as American, Canadian and Australian professionals who can actually use the platform as it has been designed. We discussed segmentation and focus strategies.
Rushabh Mehta from Mumbai, India, pitched ERPNext, an open source cloud-based ERP software with about 100 customers. Rushabh has a variety of challenges. The market is extremely fragmented and crowded. He needs to find a marketing strategy that allows him to create a differentiated niche and own it.
Big Fix Ecare Services
Next, D. Umamaheswaran from Chennai, India, pitched Big Fix Ecare Services, a service for repairing mobile phone and tablets. A first retail location in Chennai is generating strong revenues and profits, and is ready to be replicated elsewhere in South India, followed by other cities around the nation. Very good execution so far, and potentially a fundable business.
Last up, Vinit Garg, from Gurgaon, India, pitched Hireplace, a marketplace where SMEs interact with headhunters to manage the hiring process. Still in the concept stage, the business looks interesting, and Vinit seems like a good entrepreneur with a pragmatic head for business.
You can listen to the recording of today’s roundtable here.
Sramana Mitra is the founder of the One Million by One Million (1M/1M) initiative, a virtual incubation program that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond.
She is a Silicon Valley entrepreneur and strategy consultant, she writes the blog Sramana Mitra On Strategy, and is author of the Entrepreneur Journeys book series and Vision India 2020. From 2008 to 2010, Mitra was a columnist for Forbes.
As an entrepreneur CEO, she ran three companies: DAIS, Intarka, and Uuma. Sramana has a master’s degree in electrical engineering and computer science from the Massachusetts Institute of Technology.