Start-Ups to Watch

This weeks edition of Business-today listed start-ups to watch .In this article they listed following then companies.

24X7 LEARNING SOLUTIONSVirtual University
NAME OF COMPANY: 24×7 Learning Solutions
YEAR OF FOUNDING: 2001
FOUNDERS: Karthik K.S. & Anil Chikkara
AREA OF OPERATION: E-learning
FUNDING: KITVEN and Anil Garg; to raise $10 million over two years
REVENUE: $3 million
SIZE OF TARGET MARKET: Globally $28 billion; In India, Rs 350 crore
KEY COMPETITORS: IBM, Sum Total, Gurukul Online, NIIT, Aptech and Blue Apple

NAME OF COMPANY: Adventity
YEAR OF FOUNDING: July 2003; Commenced operations in January 2004
FOUNDERS: Kumar Subramanian, Ulhas Deshpande, Niket Patankar, Jagdish Iyer and Vivek Arora
AREA OF OPERATION: BPO/ KPO
FUNDING: Undisclosed ‘steel and plastics’ group in India ($10.5 million), Norwest Venture Partners ($20 million)REVENUE: Roughly $25 million
SIZE OF TARGET MARKET: $17 billion (just the KPO bit)
KEY COMPETITORS: Amba Research and B2K Corporation

NAME OF COMPANY: Drishtee Development & Communication Limited
YEAR OF FOUNDING: 2000
FOUNDERS: Satyan Mishra, Nitin Gachhayat and Shailesh Thakur
AREA OF OPERATION: Provides ICT (information, communication & technology) services to rural India
FUNDING: Acumen holds a 25 per cent stake for which they paid $1 millionREVENUE: Rs 3.87 crore for 2005-06
SIZE OF TARGET MARKET: Currently caters to 300,000 customers. Target market is whole of rural India, which is 650 million people
KEY COMPETITORS: ITC’s e-choupal

NAME OF COMPANY: Guruji.com
YEAR OF FOUNDING: 2006
FOUNDERS: Anurag Dod and Gaurav Mishra
AREA OF OPERATION: SearchFUNDING: $7 million, Sequoia
REVENUE: N.A.
SIZE OF TARGET MARKET: $20 million*
KEY COMPETITORS: 123India.com, Justdial.com, Khoj.com*Current search market for search queries originating from India

NAME OF COMPANY: JiGrahak
YEAR OF FOUNDING: 2003
FOUNDER: Sourabh Jain
AREA OF OPERATION: M-commerce
FUNDING: $ 2.2 million, Hellion Ventures
REVENUE: N.A.
SIZE OF TARGET MARKET: N.A.
KEY COMPETITORS: Paymate, mChek

NAME OF COMPANY: Asia Cryo-Cell
YEAR OF FOUNDING: June 2004
FOUNDER: S. Abhaya Kumar
AREA OF OPERATION: Private Banking of cord blood; research and therapy applications using cord blood
FUNDING: Rs 20 crore, largely by Abhaya Kumar; remainder from investors like P.S. Pai and other individuals
REVENUE: Rs 15 crore
SIZE OF TARGET MARKET: N.A.
KEY COMPETITORS: Reliance Life Sciences; Karnataka Cryogenic; Cord Life

NAME OF COMPANY: Nautanki.TV
YEAR OF FOUNDING: November 2006
FOUNDERS: Sunil Nair, Vikram Prabhu and Herumb Khot
AREA OF OPERATION: Online TV channel
FUNDING: Rs 1.5 crore from founders and two investment bankers in their personal capacity
REVENUE: Advertising revenue approximately Rs 12 crore by March 2008 ( first full-year operation)
SIZE OF TARGET MARKET: Internet advertising market in India to be Rs 750 crore by 2009-10 (source: PwC)
KEY COMPETITORS: None yet

NAME OF COMPANY: Onyomo
YEAR OF FOUNDING: January 2006
FOUNDER: Shailesh Mehta
AREA OF OPERATION: Person to Application (P2A) segment of mobile value-added services, including SMS sent by end users for contests and for seeking other information
FUNDING: Shailesh Mehta and IIT Delhi (in talks with VC and PE investors for large funding) REVENUE: Won’t reveal before the commercial launch
SIZE OF TARGET MARKET: Rs 428 crore for 2006 (source: IAMAI)
KEY COMPETITORS: Ziva Software, Bangalore

NAME OF COMPANY: Seventymm
YEAR OF FOUNDING: 2005-commercial operations started in March 2006
FOUNDER: Raghav Kher
AREA OF OPERATION: Organised movie rental-part of the home video segment
FUNDING: Initial funding from Draper Fisher Jurvetson ($2 million) and second round led by Matrix Partners India ($7 million)
REVENUE: N.A.
SIZE OF TARGET MARKET: Home video market Rs 2,100 crore by 2009-10 (Ficci-PwC 2006 report)
KEY COMPETITORS: Mad House and Clickflix

NAME OF COMPANY: UFO MoviezY
EAR OF FOUNDING: 2005
FOUNDERS: Raaja Kanwar and Sanjay Gaikwad
AREA OF OPERATION: Digital cinema
FUNDING: Initial funding of Rs 100 crore from Apollo Group and second round of Rs 100 crore from private equity firm 3i
REVENUE: First full-year operations 2007-08-Rs 100 crore
SIZE OF TARGET MARKET: Rs 10,000 crore by 2009-10
KEY COMPETITORS: Only player in the market

There are some surprises. There are some unknown or lesser known names while some better known start-up like Makemytrip, TravelGuru,Zoho etc are missing.

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