Start-up’s change of luck


There were hardly any takers when the trio of Binu Paul, Anoop Kumar A.R and Besin K. Abraham approached prospective investors for assistance for their budding company AugMob Solutions Private Limited operating out of Technolodge Piravom. But that was the case just two months ago.

Fortunes changed once the company was selected under the NASSCOM’s 10,000 start-ups programme. Now a multi-national company with presence in about 60 countries has offered to make them part of their group of 20 companies

The company’s augmented reality-based applications and solutions won it the NASSCOM selection. “Investors frowned at us when we approached them seeking assistance to the tune of even Rs. 1 crore. We are now being approached with investment offers of up to Rs. 8 crore ever since we were selected by NASSCOM,” said Mr. Paul, managing partner of AugMob Solutions Private Limited.

Getting listed in the NASSCOM website brought in multiple benefits — including credibility, which is a major challenge for any start-up. An assistance of $25,000 ensured access to costly and state-of-the-art online services of IT giants.

Most importantly, it gave them an opportunity to interact directly with angel investors, venture capitalists, and seed funders. The partners of the company had a priceless networking sessions with about 20 angel investors and venture capitalists and also with the promoters of Intel’s mobile applications at Bangalore last month.

Mr. Paul said that operating from Technolodge gave them the much-needed visibility and access to various avenues of funding. “It’s a perfect ecosystem for start-ups and without their support we would not have been selected by NASSCOM either,” he said.

The company’s top mobile application named augmented reality browser facilitates embedding of video into a printed image, is already available in Google Play, an android app store.

Advertisements

Tags: , , , , , , , , , , ,

About local2globe

Faculty of soft skills, personality development and Humanities.

2 responses to “Start-up’s change of luck”

  1. Ardis Melander says :

    I just need to know how to get a website started. I want to make a fan site for a new band. I know that I have to pay for a domain, but I’m confused about how to purchase & build a website. Help please? Thanks in advance! (:. Thanks everyone! (:.

NBA.com | Hang Time Blog

The official news blog of NBA.com with commentary and analysis from NBA.com's staff of writers.

Grist

A nonprofit news org for people who want a planet that doesn’t burn and a future that doesn’t suck.

TechCrunch

Startup and Technology News

The Meat & Potatoes of Life

By Lisa Smith Molinari

Attila Ovari

Loving Life and Inspiring Others

Fueled by Chocolate

A Canadian view of This, That, Then and Now

On The Heath

where would-be writer works with words

FranceSays

Observations of life in France. By an adopted Française.

Cunning Hired Knaves

a jelly-like mass of liquid corruption

End Kwote

After it's all said and done, life's just a bunch of kwotes

onesmallpot

food and other morsels...

typical guy, atypical situation

a solid soul trapped inside a broken body

Cenaclul ROMANTICII (Migdale Marius)

Prolog: Poate că Iubirea nu face Pământul să se învârtă... Dar face ca scurta noastră călătorie prin viaţă să merite!

Life Is Like That

In between times, seeking the extraordinary in the ordinary

C.B. Wentworth

Just following my muse . . .

TeMe

creativity, news, reblogging, fun...:-)

Lyrical Anarchy

Poetic Justice!

skyytv

I write about TV and movies. Also sometimes other stuff too.

wretchedshekels

finding new homes for old goodies

Memoirs of a Dragon

Dragon Thoughts and Quantum Musings

Book Hunger

Good Books and Inspirational Writing

Discovering Different

Like a Fortune Cookie... Without Calories

The Happy Wordcrafter

Sandra Pavloff Conner

The Boston Harbor Picayune

The Boston Artists' Life on a Dime -An Online Newspaper

Suzy Blue

Suzy Blue Blog

watercolourarts

watercolour, drawings, art and paintings

Unconfirmed Bachelorette

Proudly living alone with cats

Good Time Stories

Inspiring and Heartwarming Stories

kitwest61

Fiction & invention are the fabric of life

The Punchy Lands!

Embrace Your PUNCHY Nature

Sorry, I can't stay long

Be First. Be Curious. Be on Purpose. Be Grateful. Be of Service. Be Here Now

CBS Las Vegas

News/Talk 840 AM KXNT

The Scene Stealer

Taking shots at life

The accidental Blog..

Thoughts... Whatever, whenever!

carmen

Sharing and expressing... through words.

baddoodle

life without erasers

BonsEye

The way I see it...

Mustard Seed Budget

FINANCES FOR YOUR MINISTRY

writeonthebeach

Notes from the coast

Art Quench Magazine

Quench Your Creative Thirst

Guitarist India

Kapil Srivastava - One of the Best Guitar Players & Top Authors

Word Wabbit

Wrestless Word Wrestler

ironwoodwind

Just another WordPress.com site

%d bloggers like this: