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2013-09-11

Amit Patni and Arihant Patni to fund Data Driven Start-ups

The Hive India, an organisation founded by Amit Patni and Arihant Patni announced the launch of its operations that will be based out of Mumbai and Bangalore.

The Hive India, an organisation founded by Amit Patni and Arihant Patni announced the launch of its operations that will be based out of Mumbai and Bangalore.

 

The organization will fund and launch data-driven businesses that cater to the global market. The Hive India is affiliated with The Hive in Silicon Valley, California, and aims to substantially leverage the expertise and network from the Bay Area.

 

A joint study by NASSCOM and CRISIL Global Research & Analytics estimates that the Indian Big Data industry will grow from USD 200 million in 2012 to USD 1 billion in 2015 at a CAGR in excess of 83 per cent.

 

The Hive India is interested in functional areas as well as verticals that lend themselves to innovative approaches and disruption by Big Data. Examples of functional areas of interest are Multi-Channel Marketing, CRM, Security, IT Management etc. Examples of vertical markets of interest are eCommerce and Retail, Media and Advertising, Financial Services and Insurance, Telecommunications, Healthcare etc.

 

The platform will provide capital in the range of USD 200,000 to USD 2,000,000 and will actively work with founders to help shape the management team, formulate product and market strategy and build/execute a viable business plan. 

 

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