1. The billion dollar Mu Sigma story
Mu Sigma is one of the fastest growing companies in the world. It has raised a gargantuan grand total of 163 million dollars in funding over nine years of its existence, and holds the unique distinction of securing the largest funding round ever by a business analytics company. For its founder, Dhiraj C Rajaram, it all started because of three reasons: one, his unending urge to learn; two, to separate noise from signals – in terms of information that comes to businesses in their day-to-day life. And three, his belief that innovation in businesses is nothing but chance.
2. Phanindra Sama of redBus says best is yet to come, after acquisition
We at Business have had a great relationship with redBus and have been associated with them since the beginning. Having seen the company’s meteoric growth in the past few years, it was interesting to know what founder Phanidra Sama thought about the acquisition. He told us in the initial days, their focus was to solve a problem with technology. “None of us ever thought of how big this would become or where this company would go five years from now. But halfway through, we began to think that we’re onto something,” he said, adding that the best from redBus is yet to come.
3. An entrepreneur from Aurangabad who deserves applause – Clear Car Rental
This is the story of Sachin Kate, who hails from Aurangabad in Maharashtra. From selling newspapers to being a school-going office boy at a computer institute, the road to starting up wasn’t smooth sailing for Sachin. Part-time jobs gave him confidence to startup. His venture, Clear Car Rental (http://www.clearcarrental.com/) provides both local and outstation travel solutions. The services grew to 150+ cities within India and has a home team of 100 who manage the operations. A local hero in Aurangabad, Sachin was far from the limelight before this article.
4. Housing.co.in closes second round of funding over dinner!
In what would be a dream for most entrepreneurs in the Indian startup ecosystem, Housing.co.in (http://housing.com/in) raised a second round of funding in less than a month of its previous investment. Over a dinner meeting with former Network 18 CEO, Mr. Haresh Chawla, the team closed on the funding deal. Advitiya Sharma, Co-Founder Housing.co.in, told us how the investment boosted the team’s confidence. “The manner in which the investment happened and more so, the person who’s behind the investment has really got everyone in the team pumped up. Haresh Ji has done quite a lot through his career,” he told us.
5. ideaForge’s UAV comes handy in Uttarakhand
Founded by five IIT Bombay alumni, ideaForge (http://www.ideaforge.co.in/web/home) is in the business of developing alternative energy charging devices for various consumer electronic products and developing high-end technologies in the field of autonomous aerial vehicles. The first product from the company is called Netra, a collaborative work with DRDO, deployed to scan the air space in flood-ravaged Uttarakhand in hope of locating missing survivors. Netra is a completely autonomous hovering Unmanned Aerial Vehicle (UAV) ideal for short range missions and requires very short training time.