the mobme story :: mobme wireless solutions (p) ltd
DESCRIPTION
The exciting story of how a bunch of Engineering students from a sleepy town in God's own Country, founded a Mobile Technology Startup, which in 2 years won the Innovation Award from NASSCOM for the most innovative startup in India.TRANSCRIPT
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The mobME Story
Rules are made to be broken!
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The spark!
• Bunch of B.Tech Students in Trivandrum
• 4th sem, different branches, but equally bored!
• The urge to do something different
• Looking out for an opportunity
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What we had in us?
• Some small bit of money
• Enormous amount of guts
• At least one person who is really good at >>
– Ideation
– Implementation
– Crunching numbers
– Selling
• A great team is most critical to a start-up
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Starting-Up
• Aug 2005, 5th Semester in College
• Registered a partnership firm, TORQUE
• Got tech guys on board
• Incubated in Technopark, Trivandrum
• Areas of business– Content aggregation
– Bulk SMS retailing
– Out-dialer server in BPL
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Growing Up
• We wanted to form a Pvt Ltd company
• We wanted to hire more coders
• We wanted to try making more products
• We wanted to do business with BIG firms
• We wanted to have an office in Cochin
• In short, we wanted a LOT OF MONEY!
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Funding
• Angels are best for a start-up
• Raised 0.25 M USD in Q3 2006
• mobME Wireless Solutions (P) Ltd
• Did all the stuff on the previous slide
• Raised another 0.25 M USD in Q1 2007
• But this time, at 10X valuation!
• Doing all that while still in college, is FUN!
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Mentors
• George Brody, CEO, Globerangers (USA)
• RC Dutt, Incubation Specialist, Technopark
• Anil Thricovil, CEO, Alamy Images
• Murali Gopalan, Senior VP, UST Global
• Nandakumar, CEO, Suntec
• Ashish Thomas, VP, Singtel
• Mammootty, Actor
• Kris Gopalakrishnan, CEO, Infosys
• Shekhar Kirani, Senior VP, Verisign
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Products
Open Source based Value Added Network Solutions for Mobile Operators
A mobile media sharing platform enabling free content distribution using the combined power of SMS, MMS, GPRS & Internet
One of India’s most popular Web2.0 Mobile Alerting tools
2-way Bluetooth Hotspots at 100s of locations across India
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Clients
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Today
• 30 employees
• 2 offices in Cochin
• Offices in Mumbai & Gurgaon
• Presence in Chennai
• Partnered with all leading Indian Mobile Operators
• Operational Break-even & Q-Q double digit growth
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Awards & Recognitions
• Invited by then President, Dr APJ Abdul Kalam
• NASSCOM 100 IT Innovators 2007
• Finalist @ Lockheed Martin India Innovation Growth Program
• WSJ Live Mint - 10 Start-ups to watch-out for 2008
• ISBA Entrepreneurship Award 2008
• NASSCOM Innovation Award 2008
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Core @ mobME
Sanjay Vijayakumar, CEO Sony Joy, COO Vivek Steve Francis, CFO
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Contact me
• Email: [email protected]
• Mobshare: www.mobshare.in/user/sony
• Twitter: www.twitter.com/sonyjoy
• LinkedIn: www.linkedin.com/in/sonyjoy
• Website: www.mobme.in
• Mobile: +91-99999-0-7669