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VCCircle Ecommerce Forum 2011
After the phenomenal success of the ‘VCCircle Ecommerce Investment Forum 2010: Are we at an inflection point’ on 18th Aug, Bengaluru, we are back again with the second edition to dig further into the internet business’ second innings in India.
In its next avatar, the e-commerce story has already delivered some happy endings with travel portal Makemytrip’s blockbuster Nasdaq debut and many other enterprises ready for a market outing. All the macro elements too seem to be in place for a large-scale growth in internet-based businesses: Favourable demographics, broadband penetration, an anticipated 3G rollout, internet banking, rise in online consumption behavior and so on. The momentum is building up, the growth trajectory has picked up since then and for entrepreneurs it’s a great time to build an internet company, investors and sector watchers reckon.
The business environment for online commerce is much more real today, compared to a decade back when the dotcom froth turned into a bust.
Key trends
* Online book buying is back with a leading retailer selling a book a minute online. * There is customer delight with prompt delivery and flawless payment mechanisms building trust in consumers. * Online travel ticketing has gotten mature with more and more Indians making their travel plans online - be it on third party websites or airline sites. * Classifieds have made a successful transition online with jobs and matrimonial taking the lead. * Online retailers are now pushing a larger number of categories such as electronics and white goods. * Innovative models like group buying are being tested and launched in the market. * Exclusive and membership based fashion discount stores are mushrooming.
As these trends unfold, entrepreneurs of all hues and investors are keenly watching the consumption behavior of this online-tuned population. This space, once a darling of venture capital funds and tech entrepreneurs, will continue to find takers as they are less capital intensive and highly scalable, the factors investors love. The key is to find the right model, the ability to capture the pulse of the online audience (which in many ways is fickle and is spoilt for choice), and most importantly, the execution and the customer delight.
Now, with rich experience from the first dotcom experience, both entrepreneurs and investors would take care not to rush in. So, what are the key takeaways from the 1999 days? Do we know which models to avoid and which to chase? Are we any wiser today? Are valuations in this space still unrealistic and driven by global examples like Amazon and Groupon?
This space, exciting as it may be, has a deep dark past that has burnt the aspirations of many a tech entrepreneur and a VC mainly because it had come in too early in India’s tech growth cycle. Will we get the act right the second time round?
The key questions are:
* Is internet transaction based business more about customer delight and less about technology? * Are electronics, mobile phones and branded goods the next most compelling categories? * Do we have a critical mass of online population to create a large e-commerce business? * What role will a mobile phone play in e-commerce? * Do online consumers easily punch their credit card details online? * Do we have an infrastructure to support e-commerce such as secure payment gateways, efficient logistics, and a delightful customer support? * Are online buyers concentrated only in metros? * Will small towns and semi-rural townships ever be part of the e-commerce story? * And finally do Indians have a mindset to buy online or are a majority of them still fixated with physical transactions?
VCCircle has put together a unique conference where entrepreneurs, venture capital funds, technology and solutions suppliers and ecosystem watchers will try to demystify and navigate the changing contours of the great Indian e-commerce story. They will help your internet business click. |
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SPEAKERS:-
- Adarsh Gupta - Head - Music Business, Saregama Ltd
- Ashish Kashyap - CEO, ibibo Web (P) Ltd
- Alok Mittal – MD, Canaan Partners India
- B Muralikrishnan - Sr. Director – Marketing & Product, eBay India
- Bejul Somaia - MD,Lightspeed Venture Partners
- Bijou Kurien - President & CE - Lifestyle, Reliance Retail Ltd
- Binny Bansal - Co-founder & COO, Flipkart.com
- Dinesh Agarwal - Founder, IndiaMart.com
- Dhruv Shringi - Co-Founder & CEO, Yatra Online
- Himanshu Singh - MD, Travelocity
- Hitesh Dhingra - Founder & CEO, Letsbuy.com
- Ishita Swarup - Co-Founder & CEO,99 labels
- Kunal Bahl - CEO, Snapdeal.com
- Manik Arora - Founder & MD, IDG Ventures India
- Mukesh Bansal - CEO, Myntra.com
- Neeru Sharma - Co-Founder, Infibeam
- Niren Shah - MD, Norwest Venture Partners
- Pawan Bakshi - Head - Airtel Money, Bharti Airtel
- Rajan Mehra - Venture Partner, Clearstone Venture Advisors
- Rajan Anandan - VP- Sales & Operations, Google India
- Ranjith Boyanapalli - Founder & CEO, BuyThePrice.com
- Sachin Bansal - CEO & Co-founder,Flipkart.com
- Sandeep Aggarwal - Internet & Software Analyst, Caris & Company
- Satyen V Kothari - India Head, Strategy & Innovation, First Data India
- Shailendra Singh - MD, Sequoia Capital India
- Srinivasu M N - Co- Founder, Bill Desk
- Sunjay Guleria - Co Founder & CEO, Exclusively.in
- Suresh Bansal - Director, DTDC Courier & Cargo Ltd
- Suvir Sujan - MD, Nexus Venture Partners
- Vimal Srivastava - Vice President, Robinsons Air services
- Vinay Gupta - Founder, Via (Flightraja)
- Vivek Biyani - Director, Future Group
- Vishwas Patel - CEO, Avenues India Pvt Ltd
... many more joining
AGENDA
8:30am - 9:15am Tea & Registration
9:15am - 9:25am Introduction Note Sahad P.V. – Founder & Publisher, VCCircle
9:25am - 10:15am Panel I: Indian E-Commerce Version 2.0: Hype or Real? - An analysis of online consumer behavior. - Customer delight key to ecommerce models - The macro versus micro factors affecting e-commerce. - Do we have a critical mass of online population to create a large e-commerce business? - Are there viable and scalable models in Indian e-commerce space? - Is the mobile phone an extension of online business? - Infrastructure support, secure payment gateways and efficient logistics key to customer delight. - The NRI Audience: Are they the real drivers of online commerce in India? How to tap them?
Niren Shah - MD, Norwest Venture Partners (Moderator) Sachin Bansal - CEO & Co-founder, Flipkart.com Muralikrishnan B – Director, Marketing & Product, eBay India Vishal Mehta - Founder & CEO, Infibeam
10:15am - 10:45am Keynote Address I Rajan Anandan - VP- Sales & Operations, Google India
10:45am - 11:00am Tea & Networking
11:00am - 11:30am Keynote Address II Sandeep Aggarwal – MD, Internet & Equity Research, Caris & Company
11:30am - 12:15pm VCCircle Redhot Sector: Books and Music How will these category-centric online retailers go to the next level? What are the challenges to scale?
Rajan Mehra – Venture Partner, Clearstone Venture Advisors (Moderator) Adarsh Gupta - Head, Music Business, Saregama Binny Bansal - Co-Founder, Flipkart Neeru Sharma - Co-Founder, Infibeam
12:15pm - 1:00pm VCCircle Redhot Sector: Group Buying, Fashion discount stores Cashing in on the bargain hunter and value shopper. Is that a big market? What kinds of categories fly?
Suvir Sujan - MD, Nexus Venture Partners Kunal Bahl – Co-Founder & CEO, Snapdeal.com Sunjay Guleria - Co Founder & CEO, Exclusively.in Ishita Swarup - Co-Founder & CEO, 99 labels
1:00pm - 2:00pm Lunch & Networking
2:00pm - 2:45pm VCCircle Redhot Sector: Travel One of the most successful verticals but what next? Will it move from mere ticketing to a total travel solution provider?
Sandeep Aggarwal – MD, Internet & Equity Research, Caris & Company (Moderator) Vinay Gupta - Founder, Via Dhruv Shringi - Co-Founder & CEO, Yatra Online Himanshu Singh - MD, Travelocity
2:45pm - 3:30pm VCCircle Redhot Sector: Electronics and Gadgets Will that be the next big category in ecommerce akin to travel? How significant is logistics in this high-value product space?
Alok Mittal – MD, Canaan Partners India (Moderator) Hitesh Dhingra - Founder & CEO, Letsbuy.com Ranjith Boyanapalli - Founder & CEO, BuyThePrice.com Shailendra Singh - MD, Sequoia Capital India Vivek Biyani - Director, Future Group
3:30pm - 3:45pm Tea & Networking
3:45pm - 4:30pm VCCircle Fireside Chat: Indian Internet Enterprises: Show me the money! - How and when do you make money in the internet business? - When do you breakeven, when do you clock the first million and how? - When do you attract investment and when do VCs get to see the face of dough? - Are internet enterprises all about fancy valuation with no real numbers to show for? - Death rate of an internet enterprise: How to make it, grow and survive?
Manik Arora - Founder & MD, IDG Ventures India (Moderator) Dinesh Agarwal - Founder, IndiaMart.com Ashish Kashyap - CEO, ibibo Web Pvt. Ltd. Mukesh Bansal – CEO, Myntra
4:30pm - 5:15pm Panel III: Tackling E-Commerce Enabling Services - How to handle logistics, supply chain management, warehousing, payment mechanisms.
Bejul Somaia - MD, Lightspeed Venture Partners (Moderator) Vishwas Patel - Founder CEO, Avenues India Pvt Ltd. Suresh Bansal - Director, DTDC Courier & Cargo Ltd. Satyen V Kothari - India Head, Strategy & Innovation, First Data India Vimal Srivastava - Vice President, Robinsons Air services
5:15pm - 5:30pm Concluding Remarks
5:30pm - 6:30pm VCCircle Lounge A structured networking Initiative where 10 fast-growing e-commerce companies will get to sell their stories to India’s prolific venture capital & PE Funds in a structured & defined 60-minute exclusive session.
5:30pm Onwards VCCircle Unwind VCCircle Unwind, a zone of informal networking over cocktails |
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| Dhruv Shringi Co-Founder and CEO, Yatra Online Pvt. Ltd.
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Dhruv returned to India after 8 years in Europe and his most recent role prior to co-founding Yatra was as director group operations and technology of the Ebookers Group where he was responsible for sales of over $850 million achieved thru multi channels including online, call centers and retail shops. With regard to technology, he was accountable for developing the IT strategy and for leading the technology development and infrastructure teams, some 150 employees over 13 locations. Prior to his stint at Ebookers, he has worked with Ford Motor Company in their business strategy team based in London where he was part of the European business turnaround team and also has significant work experience in India having spent over 6 years with Arthur Andersen based in their office in Delhi. Dhruv holds an MBA from INSEAD and is also a qualified chartered accountant. |
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| Alok Mittal MD, Canaan Partners
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With a broad range of hands-on experience founding, funding and supporting early-stage technology companies, Alok Mittal leads Canaan’s India operations. In India, Alok focuses on investments in digital media and mobile companies, as well as innovators in managed software services.
Prior to joining the venture industry, Alok co-founded JobsAhead.com, a leading web-based recruitment business, which was acquired by Monster.com, the global leader in online recruitment. He also brings strong Telecom experience to Canaan having worked for Hughes Software Systems, the premium provider of telecom software services and systems in India. He has led Canaan’s investments in Bharat Matrimony, iYogi, Cellcast, UnitedLex and Chakpak.
Alok earned a BE in computer science and engineering from the Indian Institute of Technology Delhi and a MS in computer science from UC Berkeley.
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| Vinay Gupta Co Founder & CEO , Via
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Vinay Gupta is the dynamic young visionary and founder of Via (formerly Flightraja). His persistent pursuit to create seamless travel in India led to the formation of India's leading Travel Services Company. In the very first year of its inception Via has become the topmost Travel Company with a network of 17000 agents in 900+ cities of India. Its turnover in a single year is 1000Cr +. With its unique B2B model and dedicated services to the travel industry Via is creating a silent revolution in the travel sector in India.
A professional turned entrepreneur, he has previously held prominent senior management positions with leading multinational companies in the United States. His previous assignments include consultancies in the Risk Management business with Credit Suisse, First Boston in New York and consultancies with Citibank NA, Merrill Lynch, Morgan Stanley and BMW.
Vinay holds a Bachelor of Engineering Degree in Computer Science from SV University and is presently pursuing CFA from the CFA Institute of America. He is a Member of the CFA Institute of America. |
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| Niren Shah MD, NVP India
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Niren brings to NVP India 16 years of operational, finance, investment banking and entrepreneurial experience from leading consumer oriented companies and global financial institutions. Niren serves as an advisor on India-based investments across a wide range of sectors and across various stages – from early and mid-stage venture to growth equity.
Prior to joining NVP India, Niren was the Senior Director of Strategy and Ventures at eBay Inc. (NASDAQ: EBAY) in California, where he helped drive the worldwide strategy across eBay’s Global Marketplaces. Niren was also part of the Marketplaces Ventures leadership team, where he was responsible for considering new business opportunities, acquisitions and potential investments across the Global Marketplaces. The Marketplaces business unit is eBay’s largest business unit and conducts gross merchandise volume of more than $50 billion annually. |
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| SACHIN BANSAL CEO & Co-founder,Flipkart.com
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Sachin Bansal, 28, is the co-founder and Chief Executive Officer (CEO) of Flipkart.com. Sachin hails from Chandigarh and did his schooling there before pursuing his engineering at IIT Delhi. He started his career at Techspan, a systems-integration and consulting firm, delivering business and IT solutions. In 2006 he moved to Amazon.com, after realising that his interests lay in developing software products.
After a short stint at Amazon, Sachin and Binny Bansal (also from Chandigarh and classmates at IIT Delhi) launched Flipkart.com, in 2007, with the intention to be the leading e-commerce destination in India. The experience at Amazon and personal experiences with the Indian e-commerce market helped Sachin define Flipkart’s service offering. Flipkart was and is about creating an e-commerce portal that offered superior customer service and delivered what it promised. Starting with books, Flipkart is today India’s largest online bookstore and have recently forayed into new categories such as Music, Movies, Games and Mobile Phones. Sachin is a connoisseur of electronic gadgets and if he has his way, Flipkart will have reasonable chunk of its revenue in the coming years, coming in from electronic goods. |
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| Manik Arora Founder & MD, IDG Ventures India
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Mr. Manik Arora is founding Managing Director of IDG Ventures India, a US$150 Million early-stage technology venture capital fund backed by IDG. Mr. Arora is based in Mumbai and invests across industry sectors nationally, with an emphasis on Internet, Wireless, Software and Services. He currently serves on the Board of Directors at Kreeda and Ozone Media. Prior to starting IDG Ventures India, Manik was at Battery Ventures in Silicon Valley. Previously, he spent time with General Atlantic Partners (GA) working on technology investments, including GA�s first India investment, Patni Computer Systems.
Manik was part of the founding management team at GA-backed i-DNS.net International, the global leader in multilingual Internet DNS technology. Previously, Manik managed global outsourcing initiatives for American Express in New York and ran sales and marketing for MasterCard International in Singapore. His early career was as a management consultant at The Boston Consulting Group in India and South East Asia advising clients on strategy and operations primarily in the e-commerce, financial services and consumer services sectors.
Manik is a Charter Member of The Indus Entrepreneurs (TiE) and a Kauffman Fellow at the Center for Venture Education. He holds a BA in Economics from Swarthmore College where he received a McCabe Fellowship to pursue his MBA from the Sloan School of Management at MIT.
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| Himanshu Singh Managing Director, Travelocity India
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Himanshu Singh joins the international Travelocity network of companies globally as Managing Director of 'Travelocity India'. His background covers various business leadership roles with companies including Hotel Leela Venture (which had partnerships with Four Seasons and Kempinski), Traveljini.com (an internet startup promoted by ICICI Bank) and most recently Taj Hotels Resorts and Palaces (A TATA Enterprise), as their group head of Global Distribution and Electronic Sales and Marketing. Himanshu has a Degree in Hotel Management from the National Council of Hotel Management, Ministry of Tourism (PUSA) in India; a Masters in Tourism and Hospitality Management and has completed an Advanced General Management Development Program from the Indian Institute of Management, Bangalore, where he was awarded the second prize, among all participants for his project on 'Strategic Next Steps in Electronic Distribution'. He was nominated to attend the 'Foundations of Leadership Program' at the TATA Management Development Centre, (TMTC), Pune. |
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| Vishwas Patel CEO, Avenues India Pvt Ltd
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As the Founder-CEO of Avenues India Private Limited, Vishwas has guided the company to become South Asia's No. 1 eCommerce service provider within two years of its launch. He oversees the strategic planning, execution, financial management and marketing tie-ups at Avenues. The company’s first initiative, CCAvenue® was launched in September 2001 and it today provides payment gateway services to thousands of eMerchants across the world. More than 85% of India's Web Merchants are using the CCAvenue payment gateway solution.
Vishwas is also the Chairman of the Payments Committee of the Internet and Mobile Association of India (IAMAI) and is an active speaker at many Internet related forums. Vishwas is also involved in his family's construction business, which has constructed several landmark structures in India's financial capital, Mumbai. Vishwas is a Commerce graduate and holds a Degree of Law from the Mumbai University.
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| Shailendra Singh MD, Sequoia Capital India
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Shailendra is a Managing Director with Sequoia Capital India. Prior to joining the firm in 2006, Shailendra was a strategy consultant at Bain & Company in New York. Earlier, Shailendra was an entrepreneur in the digital media industry. Shailendra received an MBA with Distinction from Harvard Business School and a B.Tech in Chemical Engineering from IIT Mumbai. Shailendra is also a Kauffman Fellow. |
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| Suresh Bansal Director, DTDC Courier & Cargo Ltd.
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Mr. Suresh Bansal, Director is a Management Professional with over 25 years of experience in overseas markets. He has lead companies of repute in India, Europe and North America. Under his leadership company is making rapid improvements in international business and diversifying in to new products and services. Mr. Bansal has Advance Management Program from ISB to his credit. |
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| Suvir Sujan Co-Founder, Nexus Venture Partners
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Suvir Sujan is co-founder of Nexus Venture Partners.
Suvir has been an entrepreneur and one of the pioneers of the consumer internet in India. Suvir has been co-founder and co-CEO of Baazee.com, the leading online marketplace in India that merged with eBay in 2004 to form eBay India. Post the merger, Suvir was Country Manager, eBay India and Regional Director, Asia Pacific, PayPal. Suvir has also worked as a Management Consultant at the Boston Consulting Group. He began his career at Nortel Networks.
Suvir has an MBA from the Harvard Business School where he was the Co-President of the South Asian Business Association and a BS in Electrical Engineering (High Distinction) from the University of Maryland at College Park. He is a charter member of the Internet and Mobile Association of India and a mentor to several entrepreneurs in the consumer services sector in India. He sits on the board of the Global India Venture Capital Association. |
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| Bejul Somaia MD,Lightspeed Venture Partners
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Bejul focuses on the firm's investment activity in India and brings over fourteen years of operating, entrepreneurial and investment experience in the US and India to his role at Lightspeed. His background and investment interests encompass technology and non-technology businesses, and he currently sits on the boards of Itzcash Card, Four Interactive and the Great Indian Restaurant Company.
Prior to Lightspeed, Bejul was Co-Managing Director of Twiga Fiberglass, a leading manufacturer of thermal and acoustic insulation solutions in India and a partner of Saint Gobain, one of the largest building materials companies worldwide.
Before moving to India, Bejul was Co-Founder and Principal Investor of Open List, a US-based vertical web-search company that was acquired by Marchex, Inc. Prior to founding Open List, Bejul was a Principal at General Catalyst Partners, a leading East Coast venture and growth equity fund where he focused on early- and growth-stage investments in Internet, media, travel distribution, loyalty and other consumer-facing applied technology businesses.
Previously, Bejul was on the startup team of edu.com, a strategy consultant with Bain & Company and an equity capital markets banker at Salomon Brothers. Bejul holds a BSc in Economics from the London School of Economics and an MBA from Harvard Business School. |
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| Binny Bansal COO & Co-founder, Flipkart.com
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Binny Bansal, 27, from Chandigarh, is the co-founder and COO of Flipkart.com. A Computer Science Graduate from IIT Delhi (classmate of Sachin Bansal), Binny started his career at Sarnoff India as a software engineer, working on US Defence Projects. His next destination was Amazon.com, where he realized his interest in and the potential of e-commerce in the country.
In 2007, Binny along with long time friend, Sachin, launched Flipkart.com; retailing books to begin with but with dreams of dominating the Indian e-commerce market. At Flipkart, Binny is the force behind getting the customer interface and logistics right and that has been a constant challenge with Flipkart continually exploring new product categories and market segments. Binny believes that with its strong focus on technology and delivery, the Flipkart team will constantly better their services to match customer expectations and compete with the best, globally. Binny is passionate about sports and loves to travel when he has the time! |
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| Kunal Bahl CEO, Snapdeal.com
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Kunal manages the strategic vision, key business relationships, fundraising and growth plans for Snapdeal. An engineer from University of Pennsylvania, with a business degree from The Wharton School and an executive marketing program at Kellogg School of Management, Kunal has a variety of entrepreneurial experiences. Prior experiences also included product management and business development with Microsoft's emerging markets group, and at Deloitte Consulting as a consultant in the company's telecom practice in New York and Pennsylvania. Outside of Snapdeal.com, Kunal has a passion for financial markets, cults and politics. |
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| Adarsh Gupta Head - Music Business, Saregama Ltd
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Adarsh heads the Music Business & is currently orchestrating a strategy to re-position Saregama's catalogue to be able to connect with consumers & customers across age and geographies by making it more contemporary & upbeat. Adarsh who has last working with Times Music had joined them in 2006 & It was under his stewardship, Times Music had launched its Bollywood arm Junglee Music in 2007, to capitalize on the raging popularity of commercial film music. He also spearheaded the Digital Music Initiative and Ace Times Wellness venture which is based on Music Therapy in the field of medicine that uses sound frequencies to cure diseases. Prior to Times, Adarsh has rich international experience in categories like FMCG products, Consumer Electronics & Entertainment (Music) gained in Russia, India, England, Poland & Fiji Islands. He is characterized by his capability of fusing a wide commercial acumen with both a highly refined strategic planning ability and comprehensive 'hands on' practical expertise. |
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| Ranjith Boyanapalli Founder & CEO, BuyThePrice.com
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Ranjith Boyanapalli, is the Founder & CEO of buytheprice.com, the first shopping portal ever to introduce ecommerce 2.0. Launched in March 2010, Buytheprice.com has shown rapid growth and enormous acceptance thanks to its unique concept of distributing value back to the consumer and clear focus on products of leading brands in digital and consumer electronics. In his earlier stint as the Head of eTailing, eYantra, he built a unique b2bc ecommerce model that enables various corporate employees to buy company merchandise and other white goods via intranet portals, which was a huge success.An alumni of CEG, guindy and IIM Indore, He has spent close to 5 years in the ecommerce domain, and is well experienced on merchandising mix, online advertising, consumer acquisition and overall brand building strategies. |
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| Dinesh Agarwal Founder, IndiaMart.com
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Dinesh Agarwal is the founder and CEO of IndiaMART.com, India’s largest online B2B marketplace connecting suppliers with buyers. He is credited with leading IndiaMART.com through a decade and a half with an unblemished record of being profitable from day one – a feat no other online company in India has been able to emulate.
IndiaMART.com is today among the world's top ten B2B marketplaces, corroborated by a host of credible market surveys. Under his visionary leadership, IndiaMART.com is a 3500+ strong workforce with pan-India presence covering over 100 cities. It’s stellar credentials, robust business model and Dinesh’s commitment towards the MSME sector have invited prestigious investors like Intel Capital and BCCL into its fold for further expansion plans.
A vigorous advocate of Indian SMEs, he has spearheaded several path breaking ideas to promote Indian SMEs globally. His contribution to Indian businesses is widely acknowledged by the industry and media.
Prior to pursuing his entrepreneurial instincts, this Computer Engineer from HBTI, Kanpur honed his technical skills working for industry leaders such as HCL Technologies (America), Center for Development of Telematics (C-Dot) and CMC Limited before returning to India. He has an extensive experience spanning over 16 years in the field of Internet, Networking & Systems Development and Consulting.
IndiaMART.com has won numerous awards over the years including Red Herring 100 Asia & Emerging India in 2008. The company offers an extensive range of value added products and services spanning a variety of media (online, print, trade shows etc.) to over 1 million supplier members and over 5 million global buyers across industries and verticals.
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| Rajan Anandan VP- Sales & Operations, Google India
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Rajan Anandan is the Managing Director of Google India. In this role Rajan is the Vice President responsible for Sales and Operations for Google in India. Prior to Google, Rajan was Managing Director of Microsoft India, responsible for all aspects of Microsoft’s software, OEM and services business in India. Under his leadership, Microsoft India was recognized as the Number 1 subsidiary among the emerging markets worldwide (China, Russia, Brazil, Mexico, Turkey, South Africa and India). Before joining Microsoft, Rajan was the Vice President and Country General Manager of Dell in India where he grew the Dell business from $250 million to over $800 million and also held several leadership roles including being the Executive Assistant to Chairman Michael Dell.
Before Dell, Rajan was a Partner with McKinsey & Company in Chicago. He holds an MSc from Stanford and a BSc from MIT.
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| Vivek Biyani Director, Future Group
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Vivek Biyani joined Future Group in June, 2007 and currently serves in an executive capacity as a Director in key group subsidiaries of Future Group. Since joining the group, Vivek has been involved in the setting up of the group’s home and consumer electronics business that includes, Home Town, a large-format home products and services retailing chain, E Zone, the group’s electronics retailing chain, among other formats. As member of the leadership team in the home business, Vivek leads the operations, category management and logistics for the retail formats. Vivek is also part of the leadership team of the digital commerce business of Future Group that operates India’s most popular shopping portal, futurebazaarcom. Vivek did his graduation studies in Business Administration from the Stephen M. Ross School of Business at the University of Michigan, Ann Arbor. He was a member on the Dean’s list in every semester and has held positions such as Analyst at Michigan Interactive Investments, Associate Chairperson of Business Student Council and Secretary of the Professional Development Committee. Beyond his work environments, Vivek is an avid sports player and follows Tennis, Squash and Formula 1 racing. He also takes a keen interest in geo-political and international affairs. He is married to Tanushri and was born in Mumbai on 1985. |
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| Hitesh Dhingra Founder and CEO , LetsBuy.com
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Hitesh Dhingra founded LetsBuy.com in July 2009 and in a short period of time made it India's leading online retailer of branded Computers, Communication and Consumer Electronics, offering more than 10,000 products from over 175 leading brands. He has had extensive experience in setting up key business ventures spanning diverse verticals in the Internet space. He also co-founded India’s first contextual online advertising network. Hitesh began his career as a Product Manager with a leading IT distributor in Singapore. He also spearheaded ecommerce for a global IT hardware company in multiple countries.
Hitesh holds an MBA degree and lives in New Delhi. He passionately follows key developments in the Internet business. A keen reader, his interests lie in travelling and experiencing adventure sports.
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| Sunjay Guleria Co Founder & CEO, Exclusively.in
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Sunjay Guleria is the brains behind the exciting new venture Exclusively.In. He launched the website in June 2010, in the hopes of creating a convenient portal to all things Indian. In its first five months, the website pulled in 50,000 new members, offering them luxury fashion, lifestyle and travel products from India. Big-name designers have partnered with Exclusively.In— Manish Arora, Rohit Bal, Ranna Gill and Payal Singhal—as well as a list of up-and-coming designers, making this website the hottest place to shop.
Guleria got his feet wet with an undergraduate degree from New York University's Stern School and an MBA from the University of California at Berkeley's Haas School of Business. Guleria started his career with Procter & Gamble, spending six years in Italy as a senior brand manager. He joined the startup company and digital music pioneer Liquid Audio in 1999. Two years later, he co-founded MusiKube, and as the CEO, steered the multi-million dollar business towards new heights of success.
Guleria has also worked as the vice president of marketing for the travel events website Going.com and he helped facilitate the sale of Going.com to AOL in June 2009. |
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| Ishita Swarup Co - Founder & CEO, 99Labels.com
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With a degree in Economics from Delhi University and an MBA from IMT, Ishita began her career with Cadburys. Post working for Cadburys for 3 year, she quit the corporate race and went on create and manage Orion Dialog, a pioneer in the ITES sector in India. In 2006 with around 2000 employees she led and managed a merger of ORION with ESSAR group and led the newly formed Company - Aegis as India COO successfully for a year.
Her role as CEO at 99labels continues her love for challenges and young setups, and here Ishita has taken her imagination further, and has been instrumental in carving out a space which epitomizes all the fun of shopping for great brands in a secure, responsive and completely reliable way.
Ishita is also associated with Sakha Consulting Wings Pvt. Ltd. in an advisory role. Sakha is a unique social enterprise, launched to provide safe transport solutions for women, by women in urban India. Ishita has been part of the team at Sakha and Azad foundation, advising and mentoring in start up, planning, raising funds and operations.
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| Sandeep Aggarwal MD, Internet & Software Analyst ,Caris & Company
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Sandeep is Internet & Software analyst at Caris and Company. He brings 14 years of global experience in investments, strategy, and business operations focusing on Internet and technology. Prior to joining Caris and Company, Sandeep was a sr. research analyst at Collins Stewart and Oppenheimer & Co. covering the Internet sector. Prior to Oppenheimer, Sandeep worked with Institutional Investors ranked equity research team at Citigroup focusing on the Internet sector. Before transitioning to Wall Street, Sandeep worked at Microsoft in Redmond, WA, in a strategy planning role for Windows. During his time at Microsoft, Sandeep worked very closely with senior leadership team on many key strategic issues including launch of Windows Vista, PC market and emerging markets. Prior to Microsoft Sandeep worked in a strategy role at Charles Schwab in San Francisco on online technology infrastructure and data centers for Schwab.com. Prior to moving to US, Sandeep worked for five years in India, primarily in investment banking and strategic consulting including working with JV partner of Goldman Sachs and as a co-founder of a small boutique investment banking firm.
Sandeep regularly appears on CNBC, Bloomberg TV, ABC News, Fox Business and is often quoted by leading media such as Wall Street Journal, Financial Times, Fortune etc. Sandeep has an MBA from Washington University in St. Louis, a master in finance and management from Institute of Management Studies Indore, and Bachelors in Commerce from Kurukshetra University from India. He holds the Series 7, 63, 86 and 87 securities registrations. Sandeep is a chartered member of TiE.
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| Srinivasu M N Co- Founder, BillDesk
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Mr. M N Srinivasu is the Director and Co-Founder of BillDesk, a payment and remittance service providing venture of IndiaIdeas.com Ltd. Established in early 2000, BillDesk delivers and manages electronic payments and remittance solutions for various vertical markets, such as banking, telecom, insurance, utilities and financial services. Prior to founding BillDesk, Vasu worked with Business Consulting unit of Arthur Andersen in India and before that, for over 9 years, with ITC Limited across their various businesses. Vasu completed his MBA from IIM Ahmedabad in 1990 and Bachelors degree in Commerce from Madras University in 1988. |
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| B Muralikrishnan Sr. Director – Marketing & Product, eBay India
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B. Muralikrishnan is the 35 year old vibrant Director – Marketing & Product Management of eBay India. Murali is responsible for managing the Buyer Acquisition & Retention programs including brand building & promotions as well as the overall onsite user experience and enhancements to the Product platform. Murali was formerly managing Category Management at eBay India.
Murali joined eBay in August 2005 as the Head of Product Management. He led large scale development projects that introduced far reaching process changes and successfully implemented a scalable hybrid development model that leveraged a global platform with local web services.
In the course of his career, Murali has worked with Asian Paints managing Sales & Administration in various rural markets. Transitioning into the New Economy in 2000, he then took on the challenging task of starting up India’s largest cybercafé chain (Sify Iways) at Sify Corp. Murali found his calling for Product Management at Sify, which provided him the opportunity to blend and synthesize his understanding of the Consumer and Business with a very strong appreciation for Technology. He was responsible for creating Sify’s in-house Provisioning & Billing systems for the Cybercafé, Broadband and Internet Telephony businesses.
Murali is a Mechanical Engineer from Osmania University, Hyderabad and an MBA from IIM Calcutta. An enthusiastic sports fan especially passionate about Cricket, Football and Formula 1, Murali is also a photography buff spending his spare time behind the Camera capturing nature, landscapes and architecture. |
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| Rajan Mehra Venture Partner, Clearstone Venture
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Rajan is a Venture Partner at our India investment advisory, Clearstone Venture Advisors where he focuses on identifying consumer focused opportunities within the technology, media & entertainment, internet, education & services space.
Till recently, Rajan was Country Manager at eBay India and a member of the eBay Asia Pacific Leadership Team. While at eBay, Rajan ensured continued market leadership for eBay in India. He was also responsible for incubating the eBay India Motors Marketplace, India's first b2b marketplace for used vehicles and for setting-up the new "PaisaPay", eBay India's proprietary safe payment service. Prior to eBay, Rajan spent a number of years in various operating roles and was a member of the management team of Baazee.com, a start-up that was acquired by eBay.
Rajan has been actively involved in industry forums such as the IAMAI (Internet & Mobile Association of India) where he was a member of the Governing Council and was chair of FICCI's eBusiness Committee in 2007. He sits on the Board of Directors of Quikr.com, an online local classifieds start-up.
Rajan graduated with a Bachelors degree from the Sydenham College, Mumbai, and has an MBA from the Darden School at the University of Virginia. |
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| Pawan Bakhshi Head - Airtel Money, Bharti Airtel
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Dr. Pawan Bakhshi has about 20 years of experience out of which the last 10 have been with Bharti Airtel in various roles. He has been credited with several firsts in the mobile industry, including introduction of Knowledge Management, e-learning, eCommerce, Mobile Commerce, etc. He is currently Business Head – Airtel Money, Airtel's mCommerce venture.
He has been focusing his attention on mobile commerce for the last several years, besides pioneering mCommerce in Airtel, he has done extensive work in South Asia as the co-lead for mCommerce for SingTel’s International Group covering 7 developing countries in Asia.
Dr. Bakhshi has a PhD in Management from Dr. B.R. Ambedkar university, Agra and a Post Graduate Diploma in Management from IMI, New Delhi. His undergraduate degree is in Economics from Delhi University. |
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| Ashish Kashyap CEO, ibibo Web (P) Ltd
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Ashish Kashyap is the CEO of ibibo Web (p) Ltd that owns India’s leading social gaming platform, ibibo.com and fast growing e-commerce properties such as Goibibo (Travel) and Tradus.in (Shopping).
Ashish, founded and launched ibibo Web (p) Ltd in 2007. The brand is now a leading social gaming business on the internet and mobile in India. Business Week named ibibo.com as world’s top 50 technology start ups.
Prior to launching ibibo web, Ashish was the Country Head of Google India, wherein he set up the domestic business operations from ground up.
Before joining Google India, Ashish was the Head of E-Commerce at Indiatimes.com, wherein he built and architect-ed a host of innovative application for the portal ranging from ‘Online auctions’, travel & shopping.
With an experience spanning various digital businesses, Ashish has focused on innovation and consumer value in the internet and mobile space.
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| Vimal Srivastava VP, Robinsons Air services
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Vimal Srivastava is the Vice President of Robinsons Cargo & Logistics Pvt. Ltd. which is the leader in air, sea , customs clearance and logistics services since 1954. At Robinsons he spearheads Contract Logistics, warehousing and entire gamut of 3Pl. Vimal has about 20 years of experience in SCM, Logistics, Operations, Customer Services as well in Sales & Training. Prior to Robinsons he was the Area Head at AFL Pvt. Ltd. (2007 -2009) and Head Distribution and logistics for various companies. He has a diploma in Business Management from Narsee Monjee IMS Mumbai and CEP in SCM From IIT Delhi. |
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| Mukesh Bansal CEO, Myntra.com
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Mukesh founded Myntra in July 2006 with the vision of creating a marketplace where people can design and find unique, innovative gifts and products and where creative people can showcase their designs in order to monetize them. Mukesh has more than 10 years of experience in multiple early stage start-ups in Silicon Valley [NexTag, eWanted, Centrata, newScale] in various product management and development positions. Mukesh holds a B.Tech. degree in Computer Science from the Indian Institute of Technology, Kanpur.
Mukesh believes that there is no end to the number of products that can be custom made one at a time at affordable cost for end consumers. His vision is to continuously innovate and expand the product offerings that customers can tailor to their individual tastes. Mukesh aims to build Myntra as the leading brand in the personalized products space through a combination of the widest product range, great quality and awesome buying experience. |
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| Satyen V Kothari India Head – Strategy & Innovation, First Data Corp.
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Satyen leads FDC’s new market initiatives and overall product strategy for India. The role entails engaging with merchants in India to understand their payment needs and challenges, working with global FDC teams to customize offerings from the global portfolio for the Indian market, creating localized offerings that are “exportable” to other markets, and creating new business lines for FDC in India.
Before FDC, Satyen has worked and consulted with several companies in India and Silicon Valley in the areas of innovation, user experience, and business strategy. Engagements have included Apple, Intuit, Cisco, Yahoo!, and several start-ups in the ecommerce and social networking space. He has a Master’s degree from Stanford University in technology entrepreneurship and HCI. |
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| Neeru Sharma Co-founder and VP, Infibeam.com
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Neeru heads Corporate and Business Development at Infibeam.com, one of India's most leading ecommerce portals carrying over 100 lakh SKUs. Before this venture, she worked with Amazon, US in Corporate Development and Media retail. She was responsible for conducting market research and financial due diligence for acquisition and investment activities, playing a key role in several stategic deals including the $850M Zappos acquisition. As part of retail, she carried out budgetary analysis for the DVD and music lines. She holds an MBA from Carnegie Mellon University and an Engineering degree in Computer Science. Pre-MBA, she spent 5 years working in the technology sector, most recently working as Product Manager, Alcatel India where she led R&D related projects in the Intelligent Network services domain for major telecom partners in India, Australia and France, including the televoting platform for the Indian Idol show. |
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Norwest Venture Partners (NVP) is a global, multi-stage investment firm that manages more than $3.7 billion in capital and has funded more than 500 companies since inception. NVP India is an advisor to NVP's Mauritius subsidiary. NVP is focused on growth equity investments in India-centric businesses across a wide range of sectors such as technology, financial services, infrastructure, consumer, industrials, manufacturing, media, telecommunications, retail and healthcare. NVP also makes early to mid-stage venture capital investments in India that are focused on sectors such as consumer, internet, telecommunications, financial services and education. With NVP's India offices - in Mumbai and Bengaluru - NVP India's dedicated professionals possess significant growth equity and venture expertise, deep local knowledge and relevant operational experience. |
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Sequoia Capital India currently manages funds capitalized at close to US $1.8 billion and invests across venture, growth and late stage opportunities. It takes a long term view on investments and plays the role of an active, value added partner to entrepreneurs, business families and management teams. Over the last 10 years, Sequoia Capital India has invested in more than 55 Indian companies including Applabs, Café Coffee Day, Comviva (Bharti Telesoft), Dr Lal Pathlabs, Edelweiss, Firstsource, GVK Biosciences, Idea Cellular, Just Dial, Shaadi.com and SKS Microfinance. Sequoia Capital India operates out of offices in Bangalore, Mumbai and New Delhi.
Globally, Sequoia Capital has an unparalleled track record of partnering with entrepreneurs to create global market leaders. Sequoia Capital has been an early investor in companies such as Google, Cisco, Yahoo, YouTube, Oracle and Apple Computers. Sequoia Capital maintains dedicated teams in the US, China, India and Israel.
To learn more about Sequoia Capital India visit: www.sequoiacap.com/india |
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IDG Ventures India is a US$150 Million early-stage venture capital fund investing in technology-related product and services companies. The fund is part of IDG Ventures, a global network of technology venture funds with over $3.7 billion under management, over 220 investee companies and 10 offices across Asia and North America. IDG Ventures makes investments on behalf of its Limited Partners, including its principal investor and sponsor, International Data Group (IDG), the world's largest IT media company. By combining the IDG platform - an unparalleled combination of global publishing, market research (IDC), and conferences and exhibition resources - with years of hands-on experience in early-stage company building, IDG Ventures helps its investee companies understand their markets better and penetrate them faster than their competition.
Leading technology companies that IDG Ventures has invested in include BabyCenter, F5 Networks, Netscape, Service Metrics and VA Linux in North America and Baidu, Ctrip, Sohu, Tencent and VinaGame in Asia.
Our India portfolio consists of 3D Solid Compression, Apalya, Aujas Networks, ConnectM, iCreate, iViZ, Kreeda, Manthan Systems, Myntra, Ozone Media and Perfint.
For more information, please visit www.idgvcindia.com
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Myntra.com is India’s largest on-demand personalization platform for products and gifts. Myntra was started by a group of IIT/IIM graduates in early 2007 and is headquartered in Bangalore. The company is funded by top tier Venture Capital Funds like IndoUS Ventures, IDG Ventures & Accel Partners. In the past 3 years, Myntra has become the most popular destination for personalized products and has gained 50% share in the organized market. Building on the success of personalization, Myntra is expanding into broader Lifestyle/Fashion retailing. The company has a vision of being India’s largest online lifestyle products retailer. It revolves around giving the consumer the power and the easiest way of purchasing lifestyle products online. The key differentiators will be – Large catalog, great usability, customer support and favorable return policies for consumers. With Sports Lifestyle as the current focus, Myntra has tied up with top sports and lifestyle brands in the country to offer a wide range in branded sports lifestyle. Myntra is also the first brand to pioneer into personalization of sports jerseys of cricket and soccer teams, such as IPL, Team India, EPL, and more recently FIFA. Myntra is now Nike's preferred online partner to offer personalized jerseys on Myntra.com. Awarded “Pride of India 2009-2010” award for Exceptional Business Growth by IDG Ventures and is a Red Herring Global 100 Award winner for 2010. |
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Naukri.com, India’s No. 1 job site and the flagship brand of Info Edge revolutionized the concept of recruitment in India. Since its inception in 1997, Naukri.com has seen continued growth. Info Edge completed a successful IPO in November 2006 and remains one of the first listed Internet Company in India.
Naukri.com is a recruitment platform that provides hiring-related services to corporate / recruiters, placement agencies and to job seekers in India and overseas. It offers multiple products like Resume Database Access, and Response Management tools and its services include Job Postings, and branding solutions on the site. With 2,00,000 jobs live at any point, Naukri.com serviced over 34000 corporate clients in 2009-2010.
The company has over 1400 people operating through 54 offices in 37 cities in India and overseas offices in Dubai, Riyadh and Bahrain. |
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In the last ten years of existence TiE Delhi has become an excellent & vibrant platform for entrepreneurs, professionals, industry leaders, investors to interact with one another & forge long lasting relationships. The focus of TiE is Entrepreneurship which is across sector, scale, stage & is open to one & all. TiE New Delhi conducts over 30 events every year covering aspects of entrepreneurship like funding & finance, marketing and sales, expanding into new geographies and business & organization management. TiE New Delhi's members represent a diverse set of industries, including high technology software, hardware, health care, biotech, media, telecom, IT enabled services, consulting organizations, financial and legal institutions. Today TiE is recognized as a major force in Delhi. The public and the government have responded favourably towards TiE and the chapter has seen senior bureaucrats, ministers endorsing TiE's philosophical framework through their active participation in the Chapter's activities. This has led to other industry organizations initiating relationships with the Chapter specifically for the Small and Medium Enterprise segment. It has excellent links with other Industry Chambers such as NASSCOM, STPI, MAIT, Retailers Association of India (RAI), Indian Angel Network etc. Its charter members include the who's who from fields such as IT, Telecom, Media, Consultancy Financial and Legal institutions and the older, more established industries. |
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authorSTREAM is a free platform for sharing PowerPoint presentations on the Internet. authorSTREAM makes it easy for users to share their PowerPoint slideshows through blogs, websites, on YouTube, iPod and even iPad. Once a user signs up, they can just upload a presentation and begin sharing. Once uploaded, each presentation is assigned a unique URL and a code to embed the presentation in a blog or site. authorSTREAM retains graphics as created, keeping animations, sound and video intact. With more than 5 million+ monthly visits, business and technology specialists, educators, entrepreneurs and students exchange and share ideas through presentations every day.
For more details about authorSTREAM features, please visit http://www.authorstream.com/
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