TiE-Canaan Entrepreneurial Challenge

Update: TiE-Canaan announced the winners of its entrepreneurial challenge on Saturday — Equitas, Druvaa and iKen. More details here.

The TiE-Canaan Entrepreneurial Challenge 2008 finalists have been in the public domain for some time. Three winners will be chosen out of the eight finalists. Here’s a quick look at some of them:

Equitas Micro Finance India is a Chennai-based micro-finance company and serves the Tamil Nadu market. It appears to be a one-year old company and is targeting 1,80,000 members in its first year of operation. The founders come from NBFC backgrounds. Promoter and managing director PN Vasudevan was with Cholamandalam Investment & Finance.

11rupees is an online personal finance management company. Founder Anuj Gupta writes on his blog, “This started when my father gave me his list of stocks and accounts for me to put together in a spreadsheet for him to track his expenses. I was looking to find an easy way for him to track his finances and not update spreadsheets everytime. When I didn’t find anything, I decided to start this website.”

iKen Solutions is an IIT Bombay research spin-off in the area of intelligent business systems, according to the website.

HealthcareMagic is an online, one-stop shop to address all your healthcare needs — you can chat with or call a doctor, compare hospitals and products (medicines) and so on.