Vishy Kuruganti

Cofounder

Entrepreneurship: when appetite for risk reaches escape velocity

1. 4 month sabbatical (2006)

2. Co-founded Graspr.com (2007-08)

3. Moved to India in 2008

Search for a meaningful enterprise

• Au Revoir Adobe and “hello social enterprises”

• One year sabbatical

– TechSangam.com

• Two recurring themes

– Massive clusters of unorganized workers

– Really hard to ‘escape poverty’

The search continues…

• 12 months came to an end…

– 2 half-baked ideas

• But… but… but…

– Extended sabbatical (whew)

• Hit pay dirt in Aug 2012

– Solomon Prakash pitched mGaadi

Why I got hooked

1. 5+ million highly disorganized drivers

2. Highly sub-par experience for commuters

3. Location-based tech to the rescue

Freedom from Angst

Fundraising Status

Oct 2013 Angel (CCD)

Jul 2014

Mar/Apr 2015

Lucky Series A investor(s)

Current State…

1. 12,000 drivers in Bangalore

2. “Ride Now” and “Book for Later”

3. What next?

– 2 more Tier 1 cities by April

– Cashless

Questions?