Budding Startups in Kolkata

Budding Startups in Kolkata

November 1, 2013

The words technology and India are now synonymous to the rest of the world. India has proved its mettle time and again when it comes to technology and its application for a better life hood. While we all know this, we are even aware that India still lags behind in this hot market when it comes to establishing successful ventures. With success, India and technology we also associate tags like brain drain and high paying MNC jobs.

People who decided to ditch that lucrative corporate cheques and took the plunge to establish a true Indian technology venture. The economy may be slowing down, but not if you looked at the start-up scene. One Bangalore based outfit, launched in October last year, has raked in Rs 35 crore in revenues in just three months; another in Chennai is snapping up companies abroad; and yet another in Kolkata has found a niche in on-demand network security that is entirely its own.

WEBEL – The ultimate startup guide

The city of Kolkata is the capital of the Indian state of West Bengal. Over the past few years, Kolkata has grown to become a major IT destination in eastern India.

WEBEL (West Bengal Electronics Industry Development Corporation) is a support center for IT investors to ensure the ease of outsourcing operations in Kolkata. Through WEBEL, you can procure office space on rent/lease or even purchase land. Your company can avoid bureaucratic problems by using WEBEL to interact with government bodies and the local municipality in getting power connections or internet connectivity.

The "IT Incubation Center" was set up by WEBEL to make the most of the talented human resources and knowledge competencies in Kolkata. Skilled telecom and software professionals in Kolkata can build their own IT start ups or turn their ideas into business propositions by using WEBEL.

Advantage Kolkata

•    Among other Indian cities, such as Bangalore, Delhi and Mumbai, Kolkata has the lowest attrition rate.
•    The city of Kolkata has 12 universities, numerous educational institutes and several affiliated colleges. Kolkata’s internationally reputed colleges supply IT companies with a large skilled workforce on a yearly basis.
•    You can easily find a vendor in metropolitan Kolkata for any service.
•    The IT sector in Kolkata is growing at a fast rate way above the national average of India.
•    Kolkata’s low cost of living and growing economy have made it one of the global centers of business.
•    Kolkata’s urban infrastructure and low real estate costs have also made the city an ideal location.
•    The city of Kolkata is the abode of the Eastern Region Council of NASSCOM, which is a leading trade body and also the chamber of commerce of IT and BPO industries in India.

The Startup community

Like every other city in the country, Kolkata too has a strong community of the startups running in the city. One such event where these people come together to brainstorm on ideas is Startup Saturday. Startup Saturdays are one of India's oldest and most consistently organized Startup events.

These events are designed to facilitate networking among entrepreneurs and create an environment of inspiration where one comes and listens to stories of successful entrepreneurs from the city and learns new skills month after month. The second intention of the event is to encourage aspiring entrepreneurs to take the plunge. The third intention of the event is to give "Product" startups from the city a platform to showcase and get a closed door feedback on their product. Startup Saturdays happen on the 2nd Saturday of every month.

Some notable products from the city

InSynch Tech-Fin Solutions: InSync is software product company focused at building innovative solutions complementing SMB ERP Product Primarily in the eCommerce Vertical. InSync is successfully addressing the integration gap between SAP Business One and Magento, and has already generated $500k in revenue.

iQeCommerce: A hosted eCommerce platform to help small business owners set up shop online. The owner is trying to compete with BigCommerce, Volusion, etc. on price, but needs to pay attention to vendors like Moonfruit. The company needs differentiation in a highly competitive market.

Ujjeewan Healthcare: A tele-health company focusing on the primary and chronic healthcare issues for people at the bottom of the pyramid by incorporating technologies like tele-medicine, tele-pharmacy and chronic disease management. Having started operations in June 2012, it has one center each in Raniganj and Benachatty towns in West Bengal, India.

tookitaki: Helps marketers discover their audiences via analyzing social graph data. Simply put, a marketer can define criteria to describe an audience and their machine learning algorithm based on contextual search can “locate” a potential audience. The company then provide RTB-based platform to reach out to the discovered audience.

Testkeeda: They specialise in Online Test Preparation and Analysis for Various Entrance Examinations.

7 Boats: Seven Boats is a full-service digital marketing firm dedicated to provide strategy and implementation services for businesses looking to fully leverage the internet.

Web Prachar: WebPrachar is a Kolkata based website design and development company specializing in modern web development technologies. Key people behind WebPrachar has been designing, developing and marketing hundreds of international websites for last 7 years.

Parting Thought

While many of these startups are emerging and have scaled some level of success, it will be very exciting to see how they progress in their chosen spaces.

Do stay tuned as Team M3.tv shares updates about these startups and how they aspire to achieve their targets in the future to come.

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Comments (4)
Anchal Gupta Reply
June 07, 2014
Where this 'Startup Saturday' held? Can anyone give me the venue details?
Ali Reply
November 01, 2013
Like other cities, Kolkata too provides a lot of opportunities to people who want to set up IT companies. Hope many more start-ups flourish in the city.
Abhijit Ghosal Reply
November 01, 2013
Good article on the city start-ups.
Anirban Saha Reply
October 31, 2013
Happy to share this. A day will come when we shall have more innovation labs, entrepreneurship cells across major colleges in Bengal. Happy to see Startup Saturday Kolkata, Headstart making their mark..
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