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Millionnaire asia cover_story_uday_challu_(jan-feb_2015)

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A self-driven new-age entrepreneur, Uday Challu is the CEO and Co-founder of iYogi. Leveraging its proprietary Digital Service Cloud software technology platform, iYogi delivers on-demand support services to scores of subscribers globally, while generating revenue to the tune of 100 million.

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Millionnaire asia cover_story_uday_challu_(jan-feb_2015)

  1. 1. travel 90 Millionaireasia India, March-April, 2015 cover storycover story A self-driven new- age entrepreneur, Uday Challu is the CEO and Co- founder of iYogi. Leveraging its proprietary Digital Service Cloud software technology platform, iYogi delivers on- demand support services to scores of subscribers globally, while generating revenue to the tune of `100 million. Uday has held several key roles in start-up and growing companies. He also co-founded a boutique management consultancy business, and is a board member of Wizcraft. Challenges of a Start-Up The foremost challenge was getting that very first set of people to believe in our initiative. It was a struggle to gather the right people, and then get them to share and invest their prowess into our vision. What followed was a tumultuous journey which is the trademark of starting any venture from a scratch. There was exhaustive testing of market conditions, and the mammoth task of raising capital post the initial commercial launch which was rendered all the more difficult owing to the fact that the global economy, including India, was just recovering from a financial slump. Overcoming that crucial phase was the biggest milestone as per me. Key to Success One has to know the business they are in. Inside knowledge of the trade is an absolute must. When launching a venture, the improbables should not exceed over 15-20 percent. Another thing which is of utmost importance in this day and age is to have some understanding of technology. Next comes deciphering the math of cash. After all, businesses are built for success, and success is measured in profits and losses. If this accomplishment is not quantifiable in substantial figures, one cannot justify the risks undertaken either. Add to that dollops of luck, some great timing, a sense of good intuition and plenty of hard work. Epithet of Wisdom I believe luck favours the people who take chances and work hard. It’s important to start early in life. One needs to learn in the formative years itself that until you banish from your comfort zone, there is very little chance of you falling in the path of interesting opportunities. Now, these might even turn out to be wrong or ill-timed opportunities but that experience of failure is crucial too. (As told to Megha Sharma) The Uday Challu, CEO and Co-founder of iYogi TechSeer 74 Millionaireasia India, January-February, 2015

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