Tie-Canaan Challenge Picks

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

Proto.in unveils its showcase startups next week (July 18-19) and I hope to catch a few interesting companies. Meanwhile, the TiE-Canaan Entrepreneurial Challenge 2008 finalists have been in the public domain for for some time. They will pick three winners out of the eight finalists soon. Meanwhile, here’s a quick look at some of them:

The last on the list, Equitas Micro Finance India, is the only pure non-technology venture on feature. This is a regular micro-finance company and operates out of Chennai, serving Tamil Nadu. Seems 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). I’m a little intrigued by the profile description for COO S Bhaskar. It says he “started in Pricewater House…” Doesn’t quite sound like the PwC we are familiar with. I picked this company because it kind of sticks out in the line-up. Micro-finance is still a niche business but a fairly established business model, in India and globally. Does Equitas really need to contest its business plan in this sort of an entrepreneurial challenge?

You need to login to view the rest of the content. Please . Not a Member? Join Us


Comments are closed.