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Just as Information Technology (IT) services transformed India in the 1990s, Software as a Service (SaaS) will dramatically shift the nation in the 2020s. All the ingredients for Indian SaaS dominance are here: From producing some of the world’s best developers to competing on cost and producing quality products of global standard.
I will be traveling in India in April, and doing live roundtables in three cities: Chennai (April 9) , Mumbai (April 16) , and Pune (April 17). Next Jigar Doshi, also from Chennai, India, pitched 3gSimplified , in effect, a comparative shopping solution for mobile plans, which are apparently quite complex in the Indian market.
Accenture opened massive operations in India & China and continued its industry dominance. Since that date the S&P 500 is up 2.45% while Accenture stock is up 206% with revenue of $23 billion and a market cap of $32 billion. The things that always differentiated Accenture?
During today's roundtable, we had four Microsoft BizSpark Startup India Challenge grant finalists present. Freshdesk First, Girish Mathrubootham from Chennai, India, pitched Freshdesk , a SaaS company that provides small and medium businesses with on-demand customer support software that offers multi-channel social support.
In my post Making Money With Blogs , I have articulated some of my thoughts on the subject and presented some possible models that would enable blogs and small media properties to sustain themselves with a proper revenue framework. One of them is the 1M/1M Affiliate Program we announced today at the roundtable.
First up was Brad Barrett presenting GrillGrate , a grill accessory with which Brad has built a year-to-date revenue of $400,000. Now, e-commerce has had extremely slow penetration in India, one of the key reasons being the lack of reliability of the delivery and logistics chain. GrillGrate. Photo by brokenarts.
First up, Satya Choppadhandi from Bangalore, India, presented Evolutech Networks, a company that manufactures wireless energy monitoring devices for the smart home. The smart home business is still in the very early stages in India, and it will take some time before Evolutech ramps up. These resellers buy devices from the U.S.
Today, at the roundtable, we had a discussion around the topic, especially in the context of specific geographies that were represented at the session: Dublin, Ireland, and Kolkata, India. In India, five of the seven major metros are seeing significant improvement in entrepreneurial energy. Let's look at today's presenters.
Well, 1M/1M is focused on helping businesses generate $1M in annual revenue, whatever be the nature of the business. But our goal is to make sure that these businesses are sustainable, have customers, revenues, and profits. It turns out that in my Vision India 2020 book, I have a similar project called FDBI. Photo by kipcurry.
As a startup in Asia, the top 2 markets to start from are China , and India. It is harder to raise capital, you need to execute fast and choose the largest market with highest achievable revenue potential as your beach head market] E.G. BuzzCity, Mig33, TMGamer, ImpulseFlyer, Reebonz etc. Global from day one (GD1).
Anupam Rajey from Lucknow, India, presented Acelerar Technologies , an outsourced accounting services BPO project from India. I asked him to review the TrueCFO project in my Vision India 2020 book. Anupam has serious segmentation issues. From 2008 to 2010, Mitra was a columnist for Forbes.
At today's roundtable, we had entrepreneurs presenting from Brazil, Israel and India. In fact, I was pleased to even see an entrepreneur from Kolkata, India, the city in which I was born and raised. The world we live in today is truly global, and I am proud of the 1M/1M initiative's ability to support this global business network.
This was the year that the promise of technology to truly change the world and empower individuals (the reason I entered the tech world in 1994) reached global scale. In India, two female journalists launched a mobile app to allow women to report harrassment and abuse, an issue in their hometown of Delhi and throughout the world.
Rajeev wants to build a BPO firm in a place called Bolpur in West Bengal, India. These roundtables are the cornerstone programming of a global initiative that I have started called One Million by One Million ( 1M/1M ). Next, Rajeev Pareek discussed his rural BPO idea. Photo by thesaint.
First up, Girish Mathrubootham from Chennai, India, presented Freshdesk , a SaaS solution for multi-channel customer support including knowledge base and social CRM support. The product has won a national award from the president of India for its empowerment of people with disabilities. Interviewstreet.com. Quantum Arc. ET Interactive.
It is particularly satisfying for me to work with these entrepreneurs because I have long believed that India needs to diversify out of pure labor arbitrage. Other discussions on India's need for product companies have also been equally controversial. I like this business very much, and believe it can be a large, and important company.
They already have several customers including some telcos, and are at about $350,000 in revenues. Because customer financing equals revenue, not equity. That's why, I advised Gio to keep going with further execution on his business and build more revenue traction. In 1M/1M, our preferred financing strategy is customers.
A lot of money can be made with this product, and Rajan needs to build it without any outside capital - that is, with customer money - that is, with revenue - for a long while yet. These roundtables are the cornerstone programming of a global initiative that I have started called One Million by One Million ( 1M/1M ). Photo by lco.
This essay is part of a series on alternative VC: I: Revenue-Based Investing: a new option for founders who care about control. II: Who are the major Revenue-Based Investing VCs? III: Why are Revenue-Based VCs investing in so many women and underrepresented founders? IV: Should your new VC fund use Revenue-Based Investing?
Overall, I like this notion of social shipping, since as we become a more global world, and as e-commerce takes off in more geographies, this could be a service not only applicable to Costa Rica, but much more broadly in many nations. Adarsh Patil from Bangalore, India, presented ResortHunt. Words To Live By. Ten people paying $37.50
In How To Defend Your Dream Against All Odds , Alex and I explore the company's journey to $200 Million in revenue, while their VCs wrote them off. Zoho is already over $100 million in revenue and is seeing tremendous traction. So, please don't get discouraged; there are many paths to success. Statisco Economic Analytics.
#10- Be the first Indian beauty/wellness brand to go truly global. India has been known for 1000’s of years for health and beauty routines /ideas like Ayurveda/Yoga, which have derived inspiration from Nature. We felt that we should be the brand to share this wealth of knowledge from India to the world. 20- Various ways.
Uma is a member of the 1M/1M premium program , and has already started validating his idea with several online classified players in India. She is a Silicon Valley serial entrepreneur and strategy consultant who writes the blog Sramana Mitra On Strategy , and is the author of the Entrepreneur Journeys book series and Vision India 2020.
But if you want to build a scalable startup you need to be asking how you can you get enough customers/users/payers to build a business that can grow revenues past several $100M/year. China, Russia, Brazil, India, Indonesia all meet those criteria. Born Global or Die Local. Your country/industry needs a “go global” playbook.
Before answering this, let’s take a look at what happened in the global software and cloud market over the last year. Global market snapshot The world now has 10 software and cloud giants worth more than $100B, representing $4.1T Beyond the giants, the momentum continues for the public companies in our global cloud Index.
Although relatively few Israeli startups are focused on India, the market dynamics driving its mobile sector are worth a closer look. From a modest $200 million in bi-lateral trade in 1992 (when diplomatic relations were established), India-Israeli trade surpassed $6 billion in 2012-13. India is actually fragmented.
For example, if you were a software engineer based in India, you are well within your rights to sell your services as an outsourced contractor to a UK company. However, as a citizen of India, you would not be allowed to become an employee of that company without first obtaining a work VISA. The latter is available to everyone.
Sramana Mitra is the founder of the One Million by One Million (1M/1M) initiative, an educational, business development and incubation program that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond. From 2008 to 2010, Mitra was a columnist for Forbes.
Inox India’s initial public offering ( IPO ) opened on Dec. 14th at Rs 627-Rs 660 ($7.52 – $7.92) per share and fully subscribed after the first day, reports India Today. Though globally, we are the third largest by volume at Chart of the US and the Chinese state-owned firm CIMC, from a revenue perspective we are too small.”
Sramana Mitra is the founder of the One Million by One Million (1M/1M) initiative, an educational, business development and 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.
miiCard supports the UK, North America, Western Europe, India, Australia, New Zealand and South Africa. This offline stage, responding to Anti Money Laundering, Know Your Customer Regulations and the Proceeds of Crime Act, is a massive barrier to global trade and the market demands its elimination.
As a result, corporate R&D organizations have been producing sustaining innovations that protect and prolong the life of existing business models and their products and revenue streams. Address the global creation of innovation: Disruptive innovation is now created around the world by companies of any size, many of them startups.
I found some good lessons in this regard in a classic book, “ Becoming Facebook ,” by Mike Hoefflinger, the former Head of Global Business Marketing at Facebook. Today’s world is full of metrics leading to business growth, including customer logins, revenue per customer, retention, and average solution price.
Given the predictability of SaaS GAAP revenues on a quarterly basis, the fact that the 08/09 projections were unchanged is not a surprise. Given that the revenues are not growing very fast, this means that most of the companies have reduced their sales force and focused on productivity improvement. mba india. Global Warning!
While America may be taking a step back in terms of entrepreneurship, countries such as India and China which have greatly improved the education and resources available to their citizens will benefit from an increase in ingenuity in the future. Thanks to Bruno Pešec, Pesec Global ! #14- million workers and generate revenue of $1.9
For a small company that has revenue and accounts receivable, you probably are more inclined to Monetary Policy as it has more to do with your ability to access debt capital from banks through credit lines. Inflation may seem like a neutral thing for a business – your costs may be going up, but your revenue should be going up as well, right?
Last week, a chart in the Wall Street Journal listed private companies globally that have raised capital at $1 billion-plus valuations from venture capital firms. Globalization and resulting economic prosperity has created more wealth around the world. Suddenly, everyone’s worth a billion dollars. Or so it seems.
Interestingly, research compiled from messaging threat protection service provider Cloudmark’s Global Threat Network actually places the United States as the top country in the world in terms of volume of email spam, followed by Brazil and France. Global Ranking for Volume of Email Spam. About 40% of SMS in India is spam.
My professional career spans three countries: India, Saudi Arabia and the United States. The last people to get laid off in a company are the ones closest to creating revenue. If you work with your team of individuals and help figure out how to make the unit function at max awesomeness, you solve for a global maxima.
A couple weeks ago, we dug into internal site search & found that in some cases , searches performed by only 10% of the site’s total traffic made up nearly 40% of the companies overall revenue. ” As international sales for global eCommerce is projected to reach $1.5 But we’ve only just scratched the surface.
First up, Nimesh Khiara from Mumbai, India, discussed StopWaitin , a restaurant reservation system that includes managing waiting lists and is similar in concept to OpenTable. Fortunately, there are numerous such companies in India. For this week's One Million by One Million roundtable, we teamed up with the Indian Angel Network (IAN).
To date, North America has dominated the home health care global marketplace due mainly to a more sophisticated health care infrastructure and more resources committed to research and development. In 2013, North America accounted for just over 40 percent of the global home health care revenue. percent from 2014 to 2020.
Unlike societies like India where the extended family is deeply integrated into the fabric of society, and where domestic help is affordable and abundant, Western societies tend to consist of more nuclear families. The revenue in 2012 was $16.4 And if you have children, those children need to be raised.
And it’s growing rapidly too – global internet use is increasing, which also leads to increased GDP and thus creating jobs and wealth. But India, China and South Korea are poised to take larger slices of the Internet pie with the largest growth in the global web ecosystem. Infographic credit: FEInternational.com ].
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