Silicon Valley based 500startups recently announced its India expansion and here is a quick roundup of the “Big 4” in the 500 Startups Fall 2012 Batch.
Founding Team: Sree Vijaykumar, previously worked at Deloitte, IBM Global Business Service and is an alumnus of Carnegie Mellon University and IIT Mumbai.
About: Founded in the year 2008 the company has less than 50 employees, working on their B2B product providing most comprehensive and relevant report of the day gathered from a numerous sources.
Founding Team: Kevin Rajasekaran (CEO) and Ramakanth Dorai ( CTO )
About: Currently operating in free private beta.
Founding Team: Deobrat Singh, Debayan and Saurab Paruthi
About: UberLabs demoed their product gazeMetrix at Unpluggd this year and made it to the top 10 finalists. Recently they won $25,000 from Microsoft at the Qualcomm organised QPrize. Full review here
Idea: Service that makes buying and selling of digital content like music, ebooks or digital presentation with a simple link sharing.
About: They secured angel funding from Rajan Anandan and Sunil Kalra in July and launched their public their public beta at Unpluggd this year. Full review here.
Earlier investments of 500startups in India include MyGola, Cucumbertown and Teleport.me.
Will 500startups disrupt the angel investment scene in India? Well, they have certainly woken up a lot of angels who are now planning to come down (from the cloud) and close rounds quickly.
Exciting time to do a startup in India!