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What are start ups ? 
Start ups refer to the establishment of a new 
business. The term โ€œstartupโ€ has been bandied 
around with increasing frequency over the past 
few years to describe scrappy young ventures, hip 
apps and huge tech companies. But what is a 
startup, really ? 
A startup is a company working to solve a 
problem where the solution is not obvious and 
success is not guaranteed.
Who is an entrepreneur ? 
An entrepreneur is a person who organizes and manages 
any enterprise , especially a business, usually with 
considerable initiative and risk. 
And , entrepreneurship is the process of starting a 
business or other organization. The entrepreneur 
develops a business model, acquires the human and 
other required resources, and is fully responsible for its 
success or failure.
Type of startups 
As per Steve Blank, business startups are of six types and they are follows : 
1. Lifestyle Startups (Work to Live Their Passion) : On the California coast where I live, 
lifestyle entrepreneurs are like surfers, teaching surfing lessons to pay the bills so they can 
surf some more. Lifestyle entrepreneurs live the life they love, work for no one but 
themselves and pursue their personal passion. The Silicon Valley equivalent is the 
journeyman coder or Web designer who loves the technology and takes coding and U/I jobs 
because it is a passion. 
2. Small-Business Startups (Work to Feed the Family) : The overwhelming number of 
entrepreneurs and startups in the U.S. today are still small businesses. This category consists 
of grocery stores, hairdressers, consultants, travel agents, Internet commerce storefronts, 
carpenters, plumbers, electricians, etc. They are anyone who runs his or her own business. 
Small-business entrepreneurs work as hard as anyone in Silicon Valley. They hire local 
employees or family. Most are barely profitable. Most small businesses are not designed for 
scale โ€” the owners want to own their business and feed the family. Their only available 
capital is their own savings, what they can borrow from relatives and banks. Small-business 
entrepreneurs donโ€™t become billionaires and donโ€™t make many appearances on magazine 
covers. But in sheer number, they are infinitely more representative of โ€œentrepreneurshipโ€ 
than entrepreneurs in other categoriesโ€”and their enterprises create local jobs.
3. Scalable Startups (Born to Be Big) : Scalable startups are what Silicon Valley entrepreneurs 
and their venture investors aspire to build. Google, Skype, Facebook and Twitter are just the 
latest examples. From day one, the founders believe that their vision can change the world. 
Unlike small-business entrepreneurs, their interest is not in earning a living but rather in creating 
equity in a company that eventually will become publicly traded or acquired, generating a multi-million- 
dollar payoff. 
Scalable startups require risk capital to fund their search for a business model, and they attract 
investment from equally crazy financial investors โ€“ venture capitalists. They hire the best and the 
brightest. Their job is to search for a repeatable and scalable business model. When they find it, 
their focus on scale requires even more venture capital to fuel rapid expansion. 
4. Buyable Startups (Acquisition Targets) : In the past five years, the cost and time required to 
build Web and mobile apps has plummeted. You can get to product/market fit and a million users 
with $100,000 to $1 million. Many of these startups bypass traditional VCs by using crowd or 
angel funding. In some cases, while they might be able to build a billion-dollar business, the lack 
of traditional venture-capital investors (and nosebleed valuations) takes away the pressure of the 
โ€œswing for the fencesโ€ liquidity goals. This class of startup is likely to be sold to a larger company 
for $5 million to $50 million. The founders and investors walk away with millions but not billions.
5. Social Startups (Driven to Make a Difference) : Social entrepreneurs are no less ambitious, 
passionate or driven to make an impact than any other type of founder. But unlike scalable startups, 
their goal is to make the world a better place, not to take market share or to create to wealth for the 
founders. They may be organized as a nonprofit, for-profit or hybrid. 
6. Large-Company Startups (Innovate or Evaporate) : Large companies have finite life cycles. And 
over the past decade, those cycles have grown shorter. Itโ€™s already becoming clear that lean startup 
practices are not just for scalable and buyable startups. 
Corporations have spent the past 20 years increasing their efficiency by driving down costs. But 
simply focusing on improving existing business models is not enough anymore. Almost every large 
company understands that it also needs to deal with ever-increasing external threats by continually 
innovating. To ensure their survival and growth, corporations need to keep inventing new business 
models. This challenge requires entirely new organizational structures and skills.
Major Indian startups 
The Indian startup story continues to grow as the year comes to an end. 
With quite a lot of emerging startups in the country, there is hope and 
promise for a lot of product innovators to make opportunities for 
themselves and many others by creating great products and services 
within the Indian market. 
I have made this presentation where I am showcasing some real players 
who have created great traction and made buzz within the industry so far. 
Global eyeballs are certainly on the Indian startup market, with a lot of 
foreign investors, VCs, and even institutions betting big on this market. 
What is the reason that these domestic startups are succeeding? 
As per this Economic Times article, Ravi Gururaj, chairman of the Nasscom 
Product Council, said that the strategy of targeting domestic players will 
benefit these startups, as international rivals do not understand the 
nuances of India. 
"Until now, the domestic market has been a sleeping giant," said Ashish 
Gupta, senior managing director at Helion Venture Partners. "Things have 
changed."
Nanobi Analytics 
India's first Analytics App store, with Mahesh Ramakrishnan 
as its founder, they have seed capital INR 7 million and a 
target revenue of INR 2.5-5 billion by 2014-15. It helps 36 
million small and medium businesses with low cost 
analytics. In April, the first product was rolled out and Nanobi 
signed up Cafe Coffee Day as one of its first customers. The 
startup charges enterprises between Rs. 1,500 and Rs. 20,000 
for an analytics application.
Exotel 
This telephony startup looks quite promising and is on the radar as they 
have simplified telephony for Indian firms with their software offering 
virtual call center for SME's. Co-Founded by Shivakumar Ganesan, Ishwar 
Sridharan, Vijay Sharma this startup has a target revenue of INR 4 billion 
by 2013-14. Some of their customers include Redbus.in, Zivame among 
others. Exotel helps firms by offering cloud telephony through a single 
mobile number which can be routed to various mobile phones, to help 
firms deploy customer service via different people but with the firm 
having just one number. A mobile number or a toll free number can be 
bought online by a customer for a prepaid credit of INR 6000 for a quarter.
iTiffin 
iTiffin, a venture that delivers healthy meals, is a one year old Bangalore 
based startup founded by Tapan Kumar Das and Ryan Fernando with one 
of the well known cricket prodigy Robin Uthappa's backing. The food 
startup which has mostly served the bachelors as well as the aam admi 
has designed recipes accordingly that are as tasty, as they are healthy. 
With this the firm is also set to launch meals for diabetics and heart 
patients. The company that has already around 10,000 orders a month has 
started offering custom-made lunchboxes to schoolchildren in an 
educational institution that is part of a national school chain located in 
North Bangalore. The vegetarian lunches are priced from 1,750 a month, 
while non-vegetarian ones are priced from Rs 2,500. The company, which 
is targeting revenue of about 2 crore this fiscal year, offers dinner plans as 
well.
Mera Medicare 
โ€˜Mera Medicareโ€™ , a startup by Madhu Khandelwal , is a unique business 
model which has potential to revolutionize healthcare industry by 
changing the way customers and healthcare professionals interact with 
each other. Mera Medicare provides an effective-tail platform to both 
healthcare professionals and customers while solving their key challenges. 
Mera Medicare enables registered customers to get the prescription or 
non-prescription medicines at their doorstep just by few clicks while 
cutting down the medical bills by 30-40%. Mera Medicare enables 
registered healthcare professionals to expand their business and get new 
customers without much effort. In some cases, it might cut down capital 
investment of setting up the business by 60-70%. 
โ€˜Mera Medicareโ€™ is a perfect blend of experience, knowledge and passion. 
As a team Mera Medicare has more than 50 years of experience.
Re:Char 
Founded by Jason Aramburu, re:char has been working feverishly 
since its inception in 2008 to help farmers get better yields from 
their crop and supplement their income through biochar 
production. The farmers in Western Kenya had been battling the 
increasing costs and expensive fertilizers that eat away more than 
50% of their income. They have been looking for effective means to 
increase the production without bearing the burden of high costs. 
Re:char came to aide with an affordable solution to this 
predicament by bringing in a scalable unit that is capable of 
generating biochar or charcoal fuel. With their continued efforts 
and effective collaboration, they have been able to help more than 
700 farmers with low cost fuel options. 
The delivery of finished kilns to Kenya has been a challenge due to 
lack of transportation and infrastructure. Re:char has planned an 
on-site set-up to mitigate the challenges so that they can cater to 
the Kenyan market more effectively.
Intruo 
When Vishwas Goel and Abhishek Agarwal came back from the US in 2011, they were 
shocked at the quality of services in India. The duo tried hiring carpenters, electricians, 
plumbers to get things fixed in their rented house but the service was extremely 
unreliable. Later in 2013, the duo started building their own house in Bangalore and 
began exploring interior designers. Along the way, they found that there was really no 
good way for someone to discover a good interior designer or carpenter. 
Since then, the duo has interviewed close to 200 homeowners and discovered that 
close to 80% households are unhappy with their interior expert. โ€œThere is no place 
where one can read reviews about any of the home interior experts. Similarly, there is 
nobody who can provide a guaranteed satisfactory service for a user. As a homeowner, I 
was willing to spend a lot of money for doing interiors of my home but I am still 
unsatisfied with the result,โ€ says Vishwas. 
Sensing this pain point of homeowners, Vishwas dived into the entrepreneurial pool 
with Intruo to improve the quality of services in this sector in India. Intruo is a research 
and reviews platform for all your home interior needs. โ€œWe are the best way to hire an 
interior designer, carpenter, painter and/or architect for your home interior needs,โ€ 
adds Vishwas. 
Prior to Intruo, Vishwas worked with search giant Google for more than seven years 
along with a stint at Walmart Labs, while Abhishek was an engineering manager at a 
startup in the US.

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What are start ups

  • 1. What are start ups ? Start ups refer to the establishment of a new business. The term โ€œstartupโ€ has been bandied around with increasing frequency over the past few years to describe scrappy young ventures, hip apps and huge tech companies. But what is a startup, really ? A startup is a company working to solve a problem where the solution is not obvious and success is not guaranteed.
  • 2. Who is an entrepreneur ? An entrepreneur is a person who organizes and manages any enterprise , especially a business, usually with considerable initiative and risk. And , entrepreneurship is the process of starting a business or other organization. The entrepreneur develops a business model, acquires the human and other required resources, and is fully responsible for its success or failure.
  • 3. Type of startups As per Steve Blank, business startups are of six types and they are follows : 1. Lifestyle Startups (Work to Live Their Passion) : On the California coast where I live, lifestyle entrepreneurs are like surfers, teaching surfing lessons to pay the bills so they can surf some more. Lifestyle entrepreneurs live the life they love, work for no one but themselves and pursue their personal passion. The Silicon Valley equivalent is the journeyman coder or Web designer who loves the technology and takes coding and U/I jobs because it is a passion. 2. Small-Business Startups (Work to Feed the Family) : The overwhelming number of entrepreneurs and startups in the U.S. today are still small businesses. This category consists of grocery stores, hairdressers, consultants, travel agents, Internet commerce storefronts, carpenters, plumbers, electricians, etc. They are anyone who runs his or her own business. Small-business entrepreneurs work as hard as anyone in Silicon Valley. They hire local employees or family. Most are barely profitable. Most small businesses are not designed for scale โ€” the owners want to own their business and feed the family. Their only available capital is their own savings, what they can borrow from relatives and banks. Small-business entrepreneurs donโ€™t become billionaires and donโ€™t make many appearances on magazine covers. But in sheer number, they are infinitely more representative of โ€œentrepreneurshipโ€ than entrepreneurs in other categoriesโ€”and their enterprises create local jobs.
  • 4. 3. Scalable Startups (Born to Be Big) : Scalable startups are what Silicon Valley entrepreneurs and their venture investors aspire to build. Google, Skype, Facebook and Twitter are just the latest examples. From day one, the founders believe that their vision can change the world. Unlike small-business entrepreneurs, their interest is not in earning a living but rather in creating equity in a company that eventually will become publicly traded or acquired, generating a multi-million- dollar payoff. Scalable startups require risk capital to fund their search for a business model, and they attract investment from equally crazy financial investors โ€“ venture capitalists. They hire the best and the brightest. Their job is to search for a repeatable and scalable business model. When they find it, their focus on scale requires even more venture capital to fuel rapid expansion. 4. Buyable Startups (Acquisition Targets) : In the past five years, the cost and time required to build Web and mobile apps has plummeted. You can get to product/market fit and a million users with $100,000 to $1 million. Many of these startups bypass traditional VCs by using crowd or angel funding. In some cases, while they might be able to build a billion-dollar business, the lack of traditional venture-capital investors (and nosebleed valuations) takes away the pressure of the โ€œswing for the fencesโ€ liquidity goals. This class of startup is likely to be sold to a larger company for $5 million to $50 million. The founders and investors walk away with millions but not billions.
  • 5. 5. Social Startups (Driven to Make a Difference) : Social entrepreneurs are no less ambitious, passionate or driven to make an impact than any other type of founder. But unlike scalable startups, their goal is to make the world a better place, not to take market share or to create to wealth for the founders. They may be organized as a nonprofit, for-profit or hybrid. 6. Large-Company Startups (Innovate or Evaporate) : Large companies have finite life cycles. And over the past decade, those cycles have grown shorter. Itโ€™s already becoming clear that lean startup practices are not just for scalable and buyable startups. Corporations have spent the past 20 years increasing their efficiency by driving down costs. But simply focusing on improving existing business models is not enough anymore. Almost every large company understands that it also needs to deal with ever-increasing external threats by continually innovating. To ensure their survival and growth, corporations need to keep inventing new business models. This challenge requires entirely new organizational structures and skills.
  • 6. Major Indian startups The Indian startup story continues to grow as the year comes to an end. With quite a lot of emerging startups in the country, there is hope and promise for a lot of product innovators to make opportunities for themselves and many others by creating great products and services within the Indian market. I have made this presentation where I am showcasing some real players who have created great traction and made buzz within the industry so far. Global eyeballs are certainly on the Indian startup market, with a lot of foreign investors, VCs, and even institutions betting big on this market. What is the reason that these domestic startups are succeeding? As per this Economic Times article, Ravi Gururaj, chairman of the Nasscom Product Council, said that the strategy of targeting domestic players will benefit these startups, as international rivals do not understand the nuances of India. "Until now, the domestic market has been a sleeping giant," said Ashish Gupta, senior managing director at Helion Venture Partners. "Things have changed."
  • 7. Nanobi Analytics India's first Analytics App store, with Mahesh Ramakrishnan as its founder, they have seed capital INR 7 million and a target revenue of INR 2.5-5 billion by 2014-15. It helps 36 million small and medium businesses with low cost analytics. In April, the first product was rolled out and Nanobi signed up Cafe Coffee Day as one of its first customers. The startup charges enterprises between Rs. 1,500 and Rs. 20,000 for an analytics application.
  • 8. Exotel This telephony startup looks quite promising and is on the radar as they have simplified telephony for Indian firms with their software offering virtual call center for SME's. Co-Founded by Shivakumar Ganesan, Ishwar Sridharan, Vijay Sharma this startup has a target revenue of INR 4 billion by 2013-14. Some of their customers include Redbus.in, Zivame among others. Exotel helps firms by offering cloud telephony through a single mobile number which can be routed to various mobile phones, to help firms deploy customer service via different people but with the firm having just one number. A mobile number or a toll free number can be bought online by a customer for a prepaid credit of INR 6000 for a quarter.
  • 9. iTiffin iTiffin, a venture that delivers healthy meals, is a one year old Bangalore based startup founded by Tapan Kumar Das and Ryan Fernando with one of the well known cricket prodigy Robin Uthappa's backing. The food startup which has mostly served the bachelors as well as the aam admi has designed recipes accordingly that are as tasty, as they are healthy. With this the firm is also set to launch meals for diabetics and heart patients. The company that has already around 10,000 orders a month has started offering custom-made lunchboxes to schoolchildren in an educational institution that is part of a national school chain located in North Bangalore. The vegetarian lunches are priced from 1,750 a month, while non-vegetarian ones are priced from Rs 2,500. The company, which is targeting revenue of about 2 crore this fiscal year, offers dinner plans as well.
  • 10. Mera Medicare โ€˜Mera Medicareโ€™ , a startup by Madhu Khandelwal , is a unique business model which has potential to revolutionize healthcare industry by changing the way customers and healthcare professionals interact with each other. Mera Medicare provides an effective-tail platform to both healthcare professionals and customers while solving their key challenges. Mera Medicare enables registered customers to get the prescription or non-prescription medicines at their doorstep just by few clicks while cutting down the medical bills by 30-40%. Mera Medicare enables registered healthcare professionals to expand their business and get new customers without much effort. In some cases, it might cut down capital investment of setting up the business by 60-70%. โ€˜Mera Medicareโ€™ is a perfect blend of experience, knowledge and passion. As a team Mera Medicare has more than 50 years of experience.
  • 11. Re:Char Founded by Jason Aramburu, re:char has been working feverishly since its inception in 2008 to help farmers get better yields from their crop and supplement their income through biochar production. The farmers in Western Kenya had been battling the increasing costs and expensive fertilizers that eat away more than 50% of their income. They have been looking for effective means to increase the production without bearing the burden of high costs. Re:char came to aide with an affordable solution to this predicament by bringing in a scalable unit that is capable of generating biochar or charcoal fuel. With their continued efforts and effective collaboration, they have been able to help more than 700 farmers with low cost fuel options. The delivery of finished kilns to Kenya has been a challenge due to lack of transportation and infrastructure. Re:char has planned an on-site set-up to mitigate the challenges so that they can cater to the Kenyan market more effectively.
  • 12. Intruo When Vishwas Goel and Abhishek Agarwal came back from the US in 2011, they were shocked at the quality of services in India. The duo tried hiring carpenters, electricians, plumbers to get things fixed in their rented house but the service was extremely unreliable. Later in 2013, the duo started building their own house in Bangalore and began exploring interior designers. Along the way, they found that there was really no good way for someone to discover a good interior designer or carpenter. Since then, the duo has interviewed close to 200 homeowners and discovered that close to 80% households are unhappy with their interior expert. โ€œThere is no place where one can read reviews about any of the home interior experts. Similarly, there is nobody who can provide a guaranteed satisfactory service for a user. As a homeowner, I was willing to spend a lot of money for doing interiors of my home but I am still unsatisfied with the result,โ€ says Vishwas. Sensing this pain point of homeowners, Vishwas dived into the entrepreneurial pool with Intruo to improve the quality of services in this sector in India. Intruo is a research and reviews platform for all your home interior needs. โ€œWe are the best way to hire an interior designer, carpenter, painter and/or architect for your home interior needs,โ€ adds Vishwas. Prior to Intruo, Vishwas worked with search giant Google for more than seven years along with a stint at Walmart Labs, while Abhishek was an engineering manager at a startup in the US.