Centhrix and Verifer Wins Best Startup Award at Startup City Mumbai


Bangalore: Integrated HR platform provider, Centhrix and ERP provider for schools, Verifer added one more feather to their cap by winning the best startups at StartupCity 2012 in Mumbai. Jay Prakash Sinha, the founder of Centhrix and Jaydeep Sardesai, the man behind Verifer received this award on behalf of their companies at the event which was attended by more than 400 participants.

A jury which included renowned VCs and Angel Investors like Sanjay Nath and Sajid Fazalbhoy from Blume Ventures, Tarun Davda from Matrix Partners, Parag Dhanuka from Nexus Venture Partners, Rehan Yar Khan from IAN, Tarana Lalwani from Seedfund and Anirudh Singh from Norwest Venture Partners judged the winners based on the following criteria: the company overview, market opportunity, the team, solution value proposition, competitive positioning, growth plans, go-to-market plan, current status and investment opportunity.

Other startups in race for the award were Appectual, High5Store, Hunka Technologies, Software Web Solution, PayWise, RightDeal.com and Investor School.

“Sure, passion is critical but not the only ingredient needed for building a successful startup. You require knowledge and teachings of experts who have gone through the exciting path of entrepreneurship. And SiliconIndia has been able to successfully provide this in the form of Startup City”, said Jai Prakash Sinha. Advising other entrepreneurs he added, “Apart from having a big and clear goal, startups should have a good execution strategy and the ability to change the business plan as the situation demands.”

Expressing gratitude towards SiliconIndia, Jaydeep Sardesai, the founder of Verifer said, “Startup City Mumbai taught me about the different aspects of a startup company and what qualities an investor looks for while funding a startup.” As a word of advice to young companies to reach such level and earn such recognition he uttered three simple yet powerful words “Do Your Homework”.

Verifer is the only ERP with i-18-n feature and works in all prominent Indian and international languages. This solution helps in reducing IT burden from schools.

Centhrix, founded by Jay Prakash Sinha is an integrated HR platform delivered as Software-as-a-Service (SaaS). The platform allows the third party service providers to interact with the HR manager seamlessly thus reducing lead-time and provides dashboard of information.