Download - Deepak Ravindran ( Innoz ) - CII Karnataka
Start up, young man!
DEEPAK RAVINDRAN
“tell me a story” -- every child
Thrissur,Kerala.
At the age of 14, sourced and sold software CDs to my school friends while other kids were busy saving Super Mario’s girlfriend
Made money to buy magazines & computer hardware's. – 100 % Success
First venture :
• Building businesses, since 2002
2002: freelancing/ outsourcing company
2004: e-commerce /deal site - #fail
<2008- Present> Founder & CEO , Innoz
Innoz, therefore I am !
• Why – Explore , Simplicity , Opportunist
• How - Failed fast , Numerous Times, Learnt Lessons
• Edge – Competing against ourselves; no fear of failure.
Abhinav,Hisam,Ashwin and Deepak
How to impress a girl?
Answer engine on SMS
1 Lakh INR
Meet our first investors – Friends and Family
LBS College of Engineering, Kasaragod
Taking risk
Running
Luck
Opportunity
Developing Countries
70% Mobile cellular penetrationBut
Only 21% internet penetration
1.2 Billion People
900 Million Cellphone
120 Million Internet users
Internet
SMS
convert 1/6 to percent
16.6666667 percent
Why is an angry bird angry?
The birds are so angry because a group of green pigs stole their eggs.
The best way to predict the future is to invent it.
That’s the answer to the question of life, universe and everything!
Vision
HOW DO YOU ACCESS INFORMATION ANYTIME ANYWHERE…
GOALS ARE DREAMS WITH DEADLINES
3 YEARS
• 500 million queries over SMS• India, Africa, Middle east• 100 GB of data• 15 mm unique users• 2.5 million+ daily queries• Each query is paid for• $20m topline revenue• Profitable for 1 yr +
“THE INTERNET ON SMS”
Redefining & Simplifying information access towards for anyone.
The world of SMS apps
For more information, please visit http://www.55444.in/apps
Can we try to empower a billion users?
Mahesh sure hopes so!
(Every user a paying user, of course )
<seedfund>
“Let's make a dent in the universe." — Steve Jobs
Pic: Innoz Headquarters - Bangalore
Lessons•Starting up young has enough advantages
•Core strength lies in the team
•Solve a problem
•Mentorship is extremely important
•Entrepreneurs should be good story tellers
•Your clients are your biggest investors
•Partner with the best, partner with big clients
•Entrepreneurship cannot be taught
•End of the day, it’s your dream – your biggest inspiration
Take chances when you're young; Tell stories when you're old !
thepiratefund.vcWhy join the navy if you can be a pirate?
Pirate: Nikhil Velpanur3x entrepreneur and TED fellow - founded a print magazine (Strange Brew), technology company (letshead.to), built inktalks.com, 140verses
Approves.it : Like /Unlike real world objects.
100Rockstars.org
Jery Althaf ;Young India fellowMember of IEEE for past 5 years involved many technical and managerial initiatives and had received the President’s certificate for being the technical lead of the ‘Electrification of a Rural Village’ project and for the revival of IEEE branch at his college.
100 Rockstars.org Sponsorship: “Low cost electrification using solar energy” at the Global Humanitarian Technology Conference at Seattle, USA.