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Entrepreneurship – Beginning To Hatch

veblog — Fri, 30 Jan 2009 13:03:00 +0000

“Tech start-ups are warmed up in incubation centres. Society for Innovation and Entrepreneurship (SINE) in IIT Mumbai defies all indications of a global economic downturn as young people armed with engineering, math and enthusiasm work on start-up ventures.” Vegayan is also one of them mentioned in the article by Businessworld magazine.

For detailed article visit : Entrepreneurship Beginning To Hatch By Venkatesh Ganesh (Businessworld Issue 20-26 Jan 2009)

Vegayan @ IEEE ANTS 2008

veblog — Mon, 22 Dec 2008 13:02:26 +0000

The 2nd IEEE International Symposium on Advanced Networks and Telecommunication Systems (ANTS) is back at IIT Bombay. Vegayan had the opportunity to exhibit its products and solutions at the conference. Many stalwarts from telecom world- industry as well as academia- who were participants/speakers at the conference visited our booth.

Vegayan’s CEO Dr. Girish Saraph also played a prominent role in ANTS 2008 conference by moderating Service Provider Panel. The theme of the panel discussion was on current as well as future trends on technologies and services. The panelists were key people driving growth in the Indian telecom industry represented carriers/service providers.

From R to L: J. Gopal- Executive Director at MTNL, Arvind Mathur- Chief Solution Architect at Sify India, Sumit Chowdhury- CIO at Reliance Communications and Dr. Girish Saraph- CEO Vegayan Systems moderating the panel

Our Point of View

veblog — Wed, 05 Dec 2007 14:27:37 +0000

Vegayan has received decent stream of press coverage since inception. We have benefited and are thankful for it. We want to add few comments to bring our perspective to the recent articles.

SINE’s start-ups going global – Indian Express Nov 10th 2007

Our Take: For Vegayan the immediate and foremost goal is to have a good footing in the Indian Market first. Going global is the next logical step.

Indian start-ups find angel funding elusive – Mint Dec 4th, 2007

Our take: We certainly sympathize with the grand scheme of raising awareness about the startup plight in India as brought out by this article. However, we do not consider ourselves among the struggling bunch who are hitting the wall. Just to clarify few points in the article:

1) We started in late Nov 2005 and not 2003. Where as, in 2003 Dr. Saraph filed for US Patent on our routing technology and received patent grant in June, 2007.

2) We are well past angel rounds of $50-$75k (Rs. 20-30 lacs) . We won the TiE-DFJ India Venture Challenge in Feb, 2006 and received $75k in seed funding as award. We also won TiE-Canaan Entrepreneurship Challenge in Dec, 2006. Recently, we raised a significant chunk from our angel round (from Rakesh Mathur). The next stop is only going to be bigger and better.

3) Currently, our priority is on the customer front and do well in the on-going trials. That should open many promising options for us.

IITB

veblog — Sun, 07 Oct 2007 17:58:21 +0000

The best part about my job is the IITB Campus. Reasons

Regular stream of Who’s Who visits. I have spotted Ex. President of India Abdul Kalam, Ray Ozzie
Lush green with vihar and powai lake. Once you get into the campus it feels like hogwarts if you ask me,
It’s becoming the center of activities that interest me barcamp, opencoffeclubmumbai, seminars etc.

Simply put IITB Campus is Hip and Happening.