India

1

Indias Hottest Start-ups
2
Criteria followed for Selecting Companies

• All companies listed here are around three years
  older or younger.
• The company has to be an Indian company.
• The company must have survivability and that
  involves doing something new in India.

3
INBIOPRO-Money From Molecules

• LOCATION Bangalore
• YEAR OF FOUNDING 2007
• FOUNDERS Sohang Chatterjee, Masters in
  Microbiology Kavitha Iyer Rodrigues, Masters in
  Clinical Microbiology Aditya Julka, M.Tech in
  Bioprocess Engineering.
• NATURE OF BUSINESS Bioscience, touted as next
  big thing in pharma.
• FUNDING Accel Partners (3 million)
• NUMBER OF EMPLOYEES 19
• SIZE OF TARGET MARKET 70 billion
• BIGGEST THREAT Slow pace of regulatory approvals
  in the US and European operations for generic
  biotech drugs.

4
CARNATION-Motor Mechanic

• LOCATION Noida, NCR
• YEAR OF FOUNDING 2008
• FOUNDER Jagdish Khattar
• NATURE OF BUSINESS Multibrand Auto Sales
  Maintenance and Allied Services.
• FUNDING Rs80 crore from Premji Invest,Rs 28
  crore from IFCI ventures.
• WILL MAKE MONEY BY The 2nd full year of
  operations(2010-11).
• SIZE OF TARGET MARKET The auto service industry
  is estimated at Rs 2,500 crore.
• BIGGEST THREAT Extremely dependent on Khattars
  personality to drive marketing and sales.

5
Invention Labs Engg Products

• LOCATION Chennai
• YEAR OF FOUNDING 2007-08
• FOUNDERS Ibrahim,Chadrasekaran,
• Shivanna Narayanan from IIT Madras.
• NATURE OF BUSINESS Engineering products
  development.
• FUNDING Promoters equity(Rs 15 lakh) and seed
  funding(Rs 5 lakh)
• NUMBER OF EMPLOYEES 11
• SIZE OF TARGET MARKET Rs 1,000 crore.
• BIGGEST THREAT At the moment, product failure.

6
FLIPKART.COM

• LOCATION Bangalore
• YEAR OF FOUNDING October 2007
• FOUNDERS Sachin Bansal Binny Bansal.
• NATURE OF BUSINESS Online Retail
• FUNDING Self-funded, invested Rs 4 lakh.
• WILL MAKE MONEY BY 2011
• REVENUE 2008-Rs 4-5 crore2009(Projected)-Rs 20
  crore
• NUMBER OF EMPLOYEES 20
• BIGGEST THREAT Other online retailers which sell
  books, such as Indiatimes and Rediff.

7
ASKLAILA-The Local Platform

• LOCATION Bangalore
• YEAR OF FOUNDING December 2006
• FOUNDERS Kiran Konduri and
• Shriram Adukoorie, both worked in Microsoft.
• NATURE OF BUSINESS Consumer-specific local
  information service delivered through
  multi-platforms(web,mobile,TV and print),The
  service is available in eight cities will be
  entering six more soon.
• FUNDING Secured a total of 12 million.
• NUMBER OF EMPLOYEES 30 technical engineers and
  nearly 150 on field support.
• SIZE OF TARGET MARKET 200 million

8
INKFRUIT.COM-Hosting Design Talent

• LOCATION Mumbai
• YEAR OF FOUNDING Mid-2007
• FOUNDERS Kashyap Dalal
• Navneet Rai from IIT Bombay.
• NATURE OF BUSINESS Promotes creative
  merchandise.
• FUNDING Angel, amount not disclosed.
• NUMBER OF EMPLOYEES 15
• REVENUE 2008-Rs 2 crore 2009(projected)-Rs 8-10
  crore.
• SIZE OF TARGET MARKET Merchandise around Rs 650
  crore.
• BIGGEST THREAT A backlash from the design
  community in case they dont like the things it
  does. So, it is trying to grow in a way thats
  fun for the design community.

9
AyurVAID

• LOCATIONKochi,Aluva,Bangalore,Mumbai and Hubli
• YEAR OF FOUNDING 2005-06
• FOUNDER Rajiv Vasudevan(46), a scientist
• at Indian Space Research Organisation.
• NATURE OF BUSINESS Healthcare
• FUNDINGInitial promoters equity(Rs 20 lakh)
  venture funding(Rs 4.50 crore)
• WILL MAKE MONEY BY 2010
• NUMBER OF EMPLOYEES 75
• SIZE OF TARGET MARKET Unlimited
• BIGGEST THREAT Misperceptions people have about
  ayurveda.

10
ORANGE CROSS-Healthy to the Bank

• LOCATION Gurgaon
• YEAR OF FOUNDING 2007
• FOUNDERS Prajakt Raut and Melvin Barreto
• NATURE OF BUSINESS To offer third-party
• advise to patients from interpreting adverse
• trends in the annual health check-ups together
  with cost options.
• FUNDING Lumis Partners bought a stake between
  10-50 for an unspecified amount.
• NUMBER OF EMPLOYEES 21
• SIZE OF TARGET MARKET Atleast a billion dollar
  opprtunity.
• BIGGEST THREAT The sheer scale and the rapidity
  of the ramp-up of their project.

11
INTELIZON ENERGY-Lighting up Rural India.

• LOCATION Hyderabad
• FOUNDER Kushant Uppal(39),an
• IIT Madras enginner armed with a Ph.D from
  the US.
• NATURE OF BUSINESS Renewable energy with focus
  on rural and semi-urban markets.
• FUNDING Venture funding of between 0.5 million
  1 million.
• WILL MAKE MONEY BY 2011
• NO. OF EMPLOYEES 25
• REVENUES Around Rs 50 lakh for 2008-09
• SIZE OF TARGET MARKET Over 1 million
• BIGGEST THREAT The use of LED light not becoming
  a trend. Also, if funding sources become tight.

12
MeritNation.com-Custom built Education

• LOCATION New Delhi
• YEAR OF FOUNDING 2001completely
• rejigged the business in Oct.2007
• FOUNDERS Pavan Chauhan and Ritesh Hemrajani
• NATURE OF BUSINESS Web-based education.
• FUNDING 1.6 million in April 2008 from InfoEdge
• WILL MAKE MONEY BY 2009-10
• NO OF EMPLOYEES 55
• REVENUE Rs 2.5-3 crore(2008-09)Rs 5-6
  crore(Projected 2009-10)
• SIZE OF TARGET MARKET There are 2.5-3 million
  students on the Net
• BIGGEST THREAT Limited broadband connectivity.

13
Last years start-ups

• 3DSoC By May last year, Bangalore-based 3DSoC
  had hit pay dirt with its 3D authoring,
  visualisation and compression idea. The auto
  sector found 3D emanuals useful in downstream
  visualisation. When it got hit, 3DSoCs revenue
  target of 1 million went for a toss. What if the
  auto sector is shut? Theres telecom beckoning!
  We have signed up with a mobile operator to
  provide 3D greetings on the mobile as a value
  added service, says CEO K.K. Venkatraman.
• BigTec Its talking to a couple of European
  medical device makers to license its handheld
  diagnostic unit. Initially funded by an
  initiative of the Council of Scientific
  Industrial Research, it now needs to raise at
  least 10 million to take its lab-on-a-chip
  product to the market.
• Ikya Bangalore-headquartered Ikya Human Capital
  Solutions has seen the slowdown drag down its HR
  revenues. But it scaled up its footprint across
  11 cities and increased full time staff. The
  recession has impacted our organic growth but we
  have balanced it by buying AVON FMS, says Ikya
  Chairman Marcel Parker.

14

• iViz This Kolkata-based specialist in on-demand
  application and network penetration testing has
  not been affected much by the downturncompanies
  have become more conscious of security.
  Co-founder Bikas Barai admits revenues are below
  target, but it has spent less by putting on hold
  plans for offices in the US and UK. It has moved
  to larger digs, and doubled headcount of computer
  scientists and friendly hackers
• iXiGO.com As airlines cut flab and stop paying
  agent commissions, the iXiGO.coms meta-search
  platform seems to have done better than the
  transactional model offered by online travel
  agencies. iXiGO has enlarged its product
  portfolio, taken its innovative platform within
  the reach of 70 million WAP-enabled phone users
  and gone international with its hotel and flight
  search offerings. CEO Aloke Bajpai hints at a
  second round of funding by the middle of this
  year.

15

• Lordsofodds.com This Punebased online
  entertainmentprediction gaming site has grown
  from three employees to 10. The website has now
  entered into a contract with ESPN STAR Sports to
  run prediction games. While the co-founders are
  still not willing to talk about revenues, they
  are confident of breaking even in the next three
  months.
• Premedia Global The outsourcing publishing
  company is set for revenues of Rs 120 crore this
  fiscal, down from the expected Rs 170 crore. Yes,
  the recession. And the promoters have decided to
  conserve cash, opt for organic growth and look at
  cashless acquisitions.
• Stempeutics The Manipal Group-funded company has
  introduced its stem cell treatment across several
  hospitals owned or managed by its parent in AP,
  Tamil Nadu and Karnataka. The company has opened
  a second research unit in Malaysia and is adding
  stem cell therapies for several more ailments to
  its capabilities.

16

• Sresta Natural Bioproducts As against revenues
  expected for 2008-09 at Rs 25 crore, the company
  will be doing about Rs 13 to 14 crore. The drop
  in revenues, it says, is because of change in
  focus to retail products for exports and also due
  to the longer time it took to put various
  arrangements in place. It has finalised selling
  arrangements in the US for marketing its retail
  product range. Its area under organic farming is
  up from 12,000 acres in April last year to 30,000
  acres.
• Zerostock Retail As against expected revenues of
  Rs 35 crore for 2008-09, the actual figure is
  less than Rs 7 crore. Accordingly, it has
  significantly scaled down its goals for 2010-11
  from Rs 420 crore to around Rs 40 crore. Reason
  the slowdown. It is now redefining its business
  model and expects to be a profitable entity by
  July 2009

17

• Thank You