2012 a heady year for tech start-ups
Bharat Kumar Mohan, a former Google Finance employee, is one such entrepreneur who is riding this wave. Mohan’s venture Pugmarks, which was started only late last year, helps users identify articles based on their interests, websites they follow on social networks, or their own browsing history. The trick, for him, was to convince funds that the start-up was catering to a global audience. He feels that his primary market is the US since more people access the net there. “The product was developed with a problem in mind,” says Mohan, whose company is funded by a seed fund, Blume Ventures. Early stage funding is generally less than $20 million.
Rajan Anandan, vice-president and managing director of Google India, an angel investor for more than 20 start-ups in the country, including Capillary Technologies and WebEngage, feels that increasing number of incubators and accelerators across the country are striving to get business ideas to an investment-ready stage. “Now we have a dozen private incubators
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