SIZE OF TARGET MARKET : There are 2.5-3 million students on the Net
BIGGEST THREAT : Limited broadband connectivity.
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, 3DSoC’s revenue target of $1 million went for a toss. What if the auto sector is shut? There’s 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: It’s 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.
iViz: This Kolkata-based specialist in on-demand application and network penetration testing has not been affected much by the downturn—companies 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.com’s 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.
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.
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