Goa-based startup only Indian winner at international summit
PANAJI: In 2009, two IIT-Kanpur graduates, with successful stints at DRDO, threw all wisdom out of the window and chose not-so-IT-savvy Goa as the base for their geospatial mapping startup.
Transerve Technologies, on Thursday, became the only Indian startup to win at India’s first-ever international startup summit, held at a South Goa resort, and which had as participants 90 startups from across the world.
The brainchild of Amarsh Chaturvedi and Ashwani Rawat took the third spot at Startup India Rocks 2015, following Spanish-startup, Womenalia (first place) and Finnish-startup, Claned.
The event—organized by Scaale, an international venture resource group that invests and advises startups across the world—attracted over a hundred angel investors, venture capitalists, CXOs and mentors, including Ricardo Luz, Sandeep Aneja, Dewang Neralla, Paulo Andrez, Marta Emerson, David Fogel and Siraj Dhanani.
“Being the only Indian company to win among all the competitors helps validate my business model,” a grinning Chaturvedi told TOI, “It’s an awesome experience and a rare event and moment.”
Transerve is a multi-user, highly integrated platform which can directly be linked to a data analysis business with a very localized approach. What probably worked in its favour was that it provided authorities with a property taxation system that could be implemented in smart cities and thus held a lot of potential in India and the world.
The startup is currently incubated at the Centre for Incubation and Business Acceleration (CIBA) and has a handful of young computer engineers who help update and redesign the company’s product offerings—decision-making tools that use geospatial technology.
It has mapped 70,000 buildings in over six cities and delivered efficient solutions for civic authorities, Chaturvedi pointed out.
In Goa, it has worked with the forest department, PWD, and the Corporation of the City of Panaji (CCP), where it has helped the capital city’s civic body to identify and penalize illegal buildings.
It has also worked with the Defence Research and Development Organization (DRDO), and its international clients include South Korean firm, CBRE Korea Ltd.
The company creates smart web/desktop/mobile maps to help customers manage their assets such as water supply lines, tanks, treatment plants, sewerage lines, manholes, electrical networks, transformers, substations, etc. We also help customers improve the speed and accuracy of their engineering surveys, said Chaturvedi.
Source: The Times of India