On
28th June, 2016, students of GITAM Institute of Management had the
benefit of listening to Mr. Anand Govindaluri, MD & CEO, GOVIN CAPITAL,
Singapore. He is also a representative of Singapore Institute of Management
(GE).
Prof
P. Sheela, Principal, GITAM Institute of Management welcomed the gathering. Mr.
Ananad Govindaluri explained in depth about the five start-up commandments
which are: invest in people, clear business model, focus on building value and
valuations will follow, cash is king, begin with the end in mind. He
highlighted the value of friendship and said that friends are the true mentors
in life after our parents. He spoke about the evolution of Singapore. He told
that the investors look for, People: strong management team, Market:
sustainable business models and good exit strategy, Technology. He also spoke
about the key success factors for technical start-ups and said that having a
vibrant ecosystem is very crucial. He also shared many of his life experiences
with the students. He quoted one of the famous quotes of Leonardo Da Vinci,
“Simplicity is the ultimate sophistication”.
Mr.
Akula Mallikarjun, MD, Manuh Global Technologies and Mr. S. N Roy, ED, Manuh
Global Technologies also addressed the gathering regarding the start-up ideas.
Prof P. Sheela, Principal, GITAM Institute of Management proposed the vote of
thanks. The session was very interactive. Large number of faculty and students
of GITAM Institute of Management actively participated in the session.
Vizag
Retail is Start-up that aims to cater to
grocery needs of Vizag’s households and it was initiated by our BBM 2013
batch alumnus J.K. Pratap Varma. Vizag
Retail is Vizag’s first online grocery delivery portal and it has been started to meet the growing
needs of Vizagites in the grocery online sales segment. Though there are many
big players in this area he is confident that he would be able to survive and
take his business forward and achieve the targeted goals.
Vizaghousing
is a Start-up initiated by Tangala Venkateswarlu of BBM 1993 batch. It focuses
on real estate online sales based in Visakhapatnam and caters to housing needs
of Visakhapatnam. Services rendered by this portal enable any individual to get
himself registered freely and post his requirements if he wants to buy, sell or
rent a property which is located in Visakhapatnam. It also has a space for PG
hostels and shopping lists related to housing like Shops selling Furniture,
Furnishings etc. Recently there was an article published about Vizaghousing in
Yourstory Media. The start-up is in the initial stage and has received
proposals from NRIs that they would be investing in it to the tune of Rs.50 to
Rs.60 lakhs as initial funding to take it forward.