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Events & Programs, Startup Ecosystem
50K Ventures has come a long way and this April, it has completed 3 years. The journey so far is marked by several milestones and stories that contribute momentously to India’s growth story. In 2014, we started with the sole purpose of providing resources to early-stage startups and help them be the game changers in their respective industries. With over 15 diverse startups in our portfolio, we’re glad that we are on the right path, although there are more miles to go. In these 3 years, we were successful in establishing our brand across the country. At our very core, we work alongside startups and investors to foster the ecosystem for bringing in a radical revolution and disrupt how the industry usually works. Our network is bubbling with 80+ investors and our presence is in 4 cities. However, we are approachable by every startup in the country and that’s what keeps us moving forward – the sheer diversity and the ability to work with myriad brands. On April 7th, we hosted an exclusive Anniversary celebration for all our stakeholders at Hyderabad Golf Club. It was an amazing gathering of our investors, startups, growth enablers, and ecosystem partners. The guests have arrived from different cities such as Delhi, Raipur, Bangalore, and Kolkatta, making the celebration even more memorable for us. Our guest of honour for the day, Mr. Jayesh Ranjan, IT Secretary, Telangana, addressed the gathering and talked about the Telangana Government initiatives for Startups. The Government has always been particularly encouraging to enrich the startup ecosystem. We would also like to take this opportunity to thank all our stakeholders for believing in 50K Ventures and we hope you’ll keep contributing in our journey ahead.
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Events & Programs
50K Ventures was always known for the amazing innovation it basks in! This time, it was no different. On the 3rd of September, 50K had a session with Amit Mathur, Head of International Business, Micromax as its guest speaker. With an experience of over 28 years, it didn’t come as a surprise to us that he was full of interesting and intriguing stories to tell. His journey was engaging and he walked the audience through it by talking about brand building, positioning in the market, supply chain and manufacturing. He discussed how he created an international presence for Micromax from the scratch starting from the Russian market.   He emphasized the importance of a passionate team and why it should be committed to growth to grow a global company. For entrepreneurs who are interesting in scaling their business, he gave out some wonderful advice. The three things he said that stood out were: 1. Stick to the basics 2. Provide a great product 3. Keep an eye on the competition The session was rather conversational and the participants were deeply interested in finding out more. It was a great learning experience for us, particularly because we all are connected with technology and mobile phones to a great extent. And how often do we get to know what drives mobile companies from the person who’s driving one?
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Events & Programs, Startups, The Garage Stories
We were back with yet another amazing edition of The Garage Stories on the 17th of July. Ajay Kolla, founder, Wisdom Jobs and Prabhu Ram, Paynear Solutions were the speakers of the session who sprinkled our inspirational Sunday with tidbits of fun stories from their life experiences. 13699960_10153560676850426_7076190711335558425_n Who would have imagined a Google group of 40 would grow into an organization of 30 million job seekers? To help job seekers find job openings, Ajay Kolla started a Google group. He had a full-time job then, but the group itself grew to a stage where he had to pursue it by quitting his safe 9-5 job. Like all successful entrepreneurs, Ajay too endured and overcame a lot of challenges for living his dream. He discussed how nothing can stop a person from making an entry into the field of their choice even if there are existing players in the field. Now, Wisdom Jobs is the third biggest portal in India when it comes to job seeker enrollments. 13708420_10153560677965426_631172292855129559_o Prabhu Ram began his talk with the fact that he didn’t even graduate from school. Known to be curious since childhood, we could say that curiosity got the best out of Prabhu Ram. As a teenager, Prabhu explored different fields and in the process of trying many interesting things, the idea of EBS payments was born. When Prabhu talked about his immersive journey, he narrated it with so many funny events. We were in splits! He has always loved taking risks and it was his courage and strong belief that led him to create Paynear Solutions, India’s first omnichannel payment transaction portal. After the very interesting talks, the audience interacted with the speakers and got to learn a great deal more about their personal experiences. Yet another engaging edition of The Garage Stories might have come to an end, but we’ll bring your way more powerful stories the next month. The videos for the session would be out soon. To watch the videos, you can follow us here. Keep watching this space for the next session of The Garage Stories.
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Events & Programs, The Garage Stories
The fourth edition of The Garage Stories took place on the 19th of June. What an absolute power-packed session! Abhay Deshpande, founder of MartJack did not just make our Sunday better, he also taught us plenty of things. With the vision to build a world-class eCommerce SaaS product from India for global markets, Abhay founded MartJack in 2007. There was no looking back after that. However, there is more to it, and something that most of us do not know. In 1998, Abhay founded Malamall.com, the first ever e-commerce venture in India. Abhay was always way ahead of time and at that point of time, India was not really ready for an e-commerce product. Amazingly enough, though, a lot of brilliant lessons were learned in this process. From building a product to witnessing it going downhill, Abhay has learned everything that an MBA degree couldn’t probably teach. 13417431_10153501431955426_8751551348084662806_n We were really excited to have him at The Garage Stories, particularly because his journey and school of thought are so inspirational for everyone to go build what they always dreamed of. Abhay discussed his journey and what went into Malamall.com; he talked at length about all the incidents that he has experienced till 2012. Always ahead of time and building products that were truly novel, MartJack was a game changer in India’s e-commerce arena. We had a very interesting Sunday, and we hope we bring your way more powerful stories that matter. The videos for the session would be out soon. To watch the video, you can follow us here. And do not forget to keep watching this space for the next session of The Garage Stories.
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