Founded in year 2000, One97 is a delhi based mobile internet services company offering its services for consumers in India and delivers mobile content, advertising and commerce services to mobile consumers. One97 is the largest private independent provider of telecom managed value added services in India. Earlier the company has also got fundings from others investors ranging from Intel Capital, SAIF Partners and Silicon Valley Bank.

The founder of One97, Vijay Shekhar Sharma is an engineer, who belongs to town Aligarh, he has started first business venture XS Corps, a web solutions firm while he was in third year off his engineering. The start-up was later sold to US based technology firm Lotus Interworks in 1999. Afterwards he also worked togather with Bhari Airel as VAS (value added service) partner. In 2004-2005, his revenue was Rs 7 crore per year and than in 2005-06, he earned Rs 11 crore and in 2006-07, he acquired Positive Consol, a data services company in Noida, India. One97 is now a INR 250 crore company i.e. around USD$ 2.5 billion dollar revenue per year.

SAP ventures has also invested in JustDial, iYogi, Connectiva and Newgen among which are among SAP’s Indian portfolio companies. SAP venture is more keen on companies based in US, Europe, India, Brazil and China.

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In the event plus realty show those who are on verge of building any potential start-ups and having one or more business plans with themselves than after selection phase they will have to pitch their ideas to a panel of investors including top VCs in 15 minutes and if they like the idea than participants might get an on-spot express funding.

ET Now would be airing all three strategic events on a segmented basis on their show starting up in January next year.

Vultures nest is a three phase event. The first phase is an online submission of the presentation starting 10 Dec.’09 to 4th Jan.’10. The second phase will be between 16 Jan.- 17 Jan. 2010 which is a preliminary elimination round which is going to be held in 3 cities – Delhi, Mumbai and Bangalore. The Final round will have 10 Finalist to pitch in front of VCs.

The format of show make it the first of its kind in India, however the similar format were being aired on western countries including an event in Seattle, US called Startup Junkies and similar one in New Zealand .

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Canaan is an early-stage US venture capital firm with a focus towards Indian early start-ups. The company has also invested in Bharatmatrimony.com and TechTribe.com.

Accel Partners, a leading venture capital firm operating in Silicon Valley, Europe, Israel and China has formed Accel India Venture Fund in July this year with a strategy to strongly focus on early-stage venture investing in India.

ChakPak.com’s growing user base has persuaded the above venture fundings, this entertainment network has an Orkut app along with recently launched mobile website to add up more users in its bag. The website has given an strong emphasis on user generated content unlike to other B-grade networking portals in India.

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IndianWeb2.com: Indian Web 2.0, Technology Startups, News and Reviews

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