Successful Entrepreneurs

Shoot for the moon and if you miss you will still be among the stars. Les Brown

Neha Juneja

Seth Priebatschs

Prepared By Brijesh Agravat (06) Jay Ajwani(17) Kalpesh Patil (20) Manmeetsinh Vaja (25)

Click to edit Master subtitle style

SEMCOM, MEB-II

Neha Juneja

Neha Juneja is 26 year old MBA from FMS, Delhi. she is B.E in production from Delhi college of engineering. She has initiated several projects on adaptation to combat climate changes. Present working : Working as COO at Greenway Grameen. Successful Product : Stove which are eco friendly.

Company Profile

Greenway Grameen aims to co-create BoP products . Low cost and Eco friendly. Mumbai-based Greenway Grameen Infra (GGI) was founded in 2010 by Neha Juneja and Ankit Mathur. Greenway Smart Stove is a result of co-creation efforts with user communities across five Indian states. After 16 months and eight near final designs, the final design was frozen. In the coming year, GGI plans to expand its distribution network to 50 districts across India and also add new products to its portfolio.

Innovation

The Greenway Smart Stove is a single burner high efficiency cook stove designed as a modern replacement for traditional mud chulhas, which pose grave health and environmental hazards. This patent pending design innovation uses no moving parts, delivers fuel savings up to 65 per cent and minimizes harmful emissions of carbon monoxide, carbon dioxide and particulate matter. With a high estimated annual death due to smoke from mud stoves, Greenway Smart Stove brings these emissions levels to well within WHO norms. Manufactured near Delhi, its priced at Rs. 1250. Concentrating in Karnataka and Maharashtra, over 5000 units have been sold since September 2011.

Product

Business Expansion

Conducting sales through institutional channels such as NGOs, corporate CSR initiatives, government institutions etc. Bulk of its sales comes from direct retail via its distributor network that makes the product available in rural retail outlets. Its marketing team of seven moves around in the vicinity of these outlets to demonstrate the product and generate consumer interest Marketing is demonstration based as they try to create awareness about the product and make a sales pitch. Planning to sale more than 50,000 chulas in different part of india.

Interview With Neha Juneja

Q: What prompted you to get into products since your consulting projects in the environment domain were doing well? Ans : Consulting is and was for us a good business to be in but we felt that to grow in revenues and impact we needed scale which could only come from a product or perhaps standardized service based approach.

Q: After finding the idea about the product, what was the process of building it to ensure it had a chance to do good business? Ans : We did not see success in our first product idea which although it worked well technically was not appreciated by customers. Q: You passed out from one of Indias premier B-Schools (FMS, Delhi) and are supposed to work at an MNC. How did you convince your family when you told them that you wanted to start on your own? Ans : Well, my family has been very supportive and did not require

Interview With Neha Juneja

Q: What key things did you learn as an entrepreneur that they didnt teach you at your B-School? Ans :I think the most important lesson has been of perseverance. Q: I know from my own experience that Indian clients never answer Yes or No right away and that can be frustrating. Whats your advice on closing a deal while dealing with customers/distributors? Ans : Well, this is one of the reasons we did not enjoy consulting so much! But now since our end customer is in retail and his/her demand generates pull at the distributors end things are easy for us. Q: Your start-up recently won the first prize at Asias largest B-plan contest Eureka. What tips would you give to entrepreneurs and students for succeeding at B-plan competitions? An s : Good articulation is of utmost importance in competitions and this comes from clarity of purpose. While projections and other forms of analysis are important for properly representing your business how well you understand your purpose and vision always take precedence.

Learning Lesson

In her speech she told that to do something which makes other happy is most wonderful job and way of earning. As her product has brought new facilities and environmental solutions that makes her happy and keeps her motivated

23 year old successful entrepreneur. For another, his formal title is Chief Ninja. A Drop out from college of math's and computer Science

General Information
Type Headquarters Private Cambridge, Massachusetts,United States Worldwide Seth Priebatsch 60 scvngr.com Social Gaming Required English
Active

Areaserved Founder(s) Employees Website Type of site Registration Available in

Current status

Business Idea
SCVNGR uses cell phones to send out clues and receive responses viaSMSfor digital scavenger hunts. The scavenger hunts would invite visitors and locals to spend time seeking out and winning prizes in major tourist destinations, such as New York City or Boston. To enter a scavenger hunt, team members would sign up online or text SCVNGRto a shortcode. Preibatsch is majoring in operations research and financial engineering, which in this interviewhe rightly calls a program for entrepreneurs.

What is SCVNGR?

SCVNGR is a game Go at different Place Do Challenges Earn Points Available on Android and AppStore

Making of Master Mind

Priebatsch's dad started reading serious books and classic literature to him when he was just three years old. If that wasn't strange enough, Priebatsch Senior would read to him with the books turned upside down. Now, Priebatsch can read any text upside down; he's found this hidden talent a helpful skill that enables him to read potential investors' private notes from across the table

History

Priebatsch was a 19-year-old freshman at Princeton studying math and computer science when he dropped out to start Scvngr, a Boston company that developed a game like application for mobile phones; it let people check in to stores and restaurants and do somethinglike taking a picture of their foodin exchange for discounts or loyalty points. After an initial burst of interest in the phone app, Scvngr changed its focus and is now concentrating on a payment system called Level Up, which lets merchants accept payments from customers cell phones and expanded to eight cities this month. The company has taken in $20 million in venture capital, most recently a January 2011 round of $15 million that valued it at $100 million.

Personality

He doesnt have a car, Comes on Bicycle. He doesnt own a apartment, sleeps in office. Carries his lucky bag-pack. Wears shorts and orange T shirt and Ski-glasses.

Current Workings

After an initial burst of interest in the phone app, Scvngr changed its focus and is now concentrating on a payment system called Level Up, which lets merchants accept payments from customers cell phones and expanded to eight cities this month.

The company has taken in $20 million in venture capital, most recently a January 2011 round of $15 million that valued it at $100 million.

Bibliography

Google. Apple Appstore Android : Google Play Store.

Thank You.