Posts Tagged ‘TechSparks 2011 Grand Finale At Bangalore
Murugavel Janakiraman, Founder and CEO,Bharat Matrimony
He was the first one to go to high school in his family. Starting with his education in which he was forced to take up statistics in undergrad rather than his preferred chemistry as his marks were low, he took up the advice to join MCA as was good in logical thinking. As a normal middle class family employee in software, he traveled to Singapore and the US for his job assignments.
Site for Tamil Community
His life took a turn in the US. He was experimenting with application-based forums on the Internet for the Tamil community in the US such as calendars to read various auspicious timings, later added matrimony to his service. The traffic to matrimony was highest and there was an instance adoption by the visitors to that page. The recession then led to his lay-off from job and he came to India to start his own business
A modest beginning
It all started at a 300 sq. ft. facility at T. Nagar and was lucky to hire a University of Madras gold medallist as his first employee. The rest is history. Now Bharat Matrimony has over 10 million members.
“Don’t be rigid about your idea.”
“Keep experimenting till you find your business and as a startup sell your vision to your prospective employee.” Says Murugavel. He encouraged entrepreneurs to adapt to customer demands. At every instance, diversification is possible in the core category. When recession hit in 2008, it proved to be a boon as investors wanted his company to cut costs. They reduced expenses by Rs. 2 crores in 4 to 5 months.
Bharat Matrimony took various initiatives to scale by introducing Community matrimony such as Christian matrimony and even a 40+ matrimony (caste no bar after 40!).There is evenPakistanmatrimony andSri Lankamatrimony now. And with deeper insights, they are moving to gifts for friends on their wedding and gifts for anniversaries.
He went on to say that entrepreneurs should remain humble and should not be carried away by their success. Entrepreneurs need energy to overcome daily challenges in business and so being wedded to a higher purpose through your business is fulfilling.
“The nation needs good citizens and for that you need good parents. To become good parents, you should marry and for marriage there is Bharat Matrimony,”
Grand Finale of TechSparks 2011 will happen at IIM Bangalore on 19th Aug 2011
The Grand Finale of TechSparks™ 2011 is the culmination of the nation-wide hunt to find the best product tech companies of India. Scheduled to happen on Friday, 19th of August 2011 at IIM Bangalore, the TechSparks™ Grand Finale will be a gala event with top technology corporates, leading investors (VCs & angels), national media and delegates from US,Europe andChina expected to be in attendance.
The Delhi, Pune, Hyderabad and Chennai round tables of Techsparks 2011 were huge success, with participation from thousands of tech enthusiasts and hundreds of entrepreneurs.
In addition to the showcase of the top 20 product tech companies and the top 10 apps (App4India), the TechSparks™ Grand Finale will also feature the unveiling of the “Tech30” report, India’s first benchmarking document bringing to the spotlight the 30 product technology startups that India needs to watch out for, with the stamp of approval from VCs and technology giants. Copies of the Tech30 report will be distributed to all the delegates attending the TechSparks™ Grand Finale and will also be shared with the decision-makers across the technology industry & the investment community.
Simply put, if you’re interested in startups, technology, innovation, investments, business networking, hiring and local & global trends, the TechSparks™ Grand Finale is the event of the year.
Witness the pitches by the 20 most innovative technology companies being built out of India, all vying to be the top 5 TechSparks™ for 2011.
Don’t miss the unveiling of YourStory.in’s “Tech30” Report, India’s first benchmarking document showcasing the 30 tech startups of the year, selected from over 400 registrants with the stamp of approval from leading VCs, angel investors and technology giants.
Also, discover the 10 apps from India to watch out for and applaud the winner of the Rs.50000/- “App4India” prize.
Be a part of a select group of entrepreneurs from across the country, VCs, angel investors, technology leaders, media and delegates from USA, Europe & China.
Having reached out to over 1000 entrepreneurs across India through the regional rounds, TechSparks™ 2011, a YourStory.in initiative, is being presented by Intel and is supported by Sequoia Capital, Google, IBM, Amazon Web Services, and National Instruments. Come and celebrate entrepreneurship along with the finest minds in the industry this August, at TechSparks™ 2011!
Date : Friday, 19th August 2011
Time : 10:30 AM – 5:30 PM
Venue : IIM Bangalore
Check out the event schedule here