Seedstars World Competitions: Platform For Budding Startups
BANGALORE: Seedstars world, is a global startup competition started by Alisee De Tonnac and Pierre-Alan Masson, which is supported by the venture builder Seedstars. This organization is based in Geneva, with a sole purpose to go around the world and find talents and startup enthusiasts, so that they can be recognized and sponsored to carry out their ventures.
The organization has held the Seedstars startup competitions all around the globe and recently ended the campaign here in Bangalore. The event witnessed the participation of various startup enthusiasts from all over the country, where the winner would be allowed to compete at Geneva with all the winners from the other countries.
In Bangalore, a Pune-based shopping technology startup called Scandid won the regional prize of the Seedstarts world competition. The Scandid team will head to Geneva, early next year for the finale, where they will compete with other winners of various countries. The winner in Geneva, Switzerland will win up to $5000000 (3 crore) in equity investment.
Scandid is a technology that allows shoppers to compare prices by scanning the barcodes off the products. This software also allows customers to find latest online and offline deals. This was cofounded by Sushil Choudhari and Madhur Khandelwal, who were both Microsoft employees two years ago.
The Scandid team also won software products and services worth 36 lakh, from various technologhy companies like Microsoft, commonKey and Crazy Egg.
The second place was bagged by a Bangalore based startup called BuyHatke founded by two graduates from IIT-Kharagpur, Gaurav Dahake and Prashant Singh. The software BuyHatke takes information from various online shopping portals and provides the buyer with the best deal. They along with the third place winners, a startup from Noida called ParallelDots, won software products and services worth 30 lakh.
Seedstars head for 2014, Nellie horn said, “Bangalore has a nickname as the silicon valley of India, it is very true. If Bangalore can get code and design together, it is going to become an unstoppable force even in markets like U.S.