The Startup Journal - Indian Startup Stories, Startup News, Startup Resources, Interviews http://www.thestartupjournal.com Thu, 30 Oct 2014 20:00:21 +0000 en-US hourly 1 http://wordpress.org/?v=4.0 How to Find Perfect Technical Co-Founder for Your Startup http://www.thestartupjournal.com/how-to-find-perfect-technical-co-founder-for-your-startup/ http://www.thestartupjournal.com/how-to-find-perfect-technical-co-founder-for-your-startup/#comments Thu, 30 Oct 2014 20:00:21 +0000 http://www.thestartupjournal.com/?p=1385 “I got a great startup idea. Do you know any developer who might be interested to work on it?” If you are an entrepreneur then this question might not be new for you. This is a common question asked by many non-technical founders who have a great idea but lack in technical skills. You might […]

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“I got a great startup idea. Do you know any developer who might be interested to work on it?”

If you are an entrepreneur then this question might not be new for you. This is a common question asked by many non-technical founders who have a great idea but lack in technical skills.

How To Find Perfect Technical Co-Founder For Your Startup

You might have a great technology based startup idea and a great business plan ready to pitch to the investors, but don’t have enough technical skills to make the product. And simply no investor will back a tech startup which lacks in tech talent. This is where a technical co-founder for your startup comes in.

Finding a tech co-founder is not at all an easy task for a non-technical founder. The challenge is to find a qualified and experienced developer who understands every small aspect of the project and must possess high managerial skills.

So what does it take to find the right candidate as the technical co-founder for your startup?

How About Learning to Code Yourself ?

This sounds perfect as it’ll save your time and money that you would pay to the tech co-founder. But this is one of the bad ideas to even think about. It’ll take you months or even years to expertise in any software development language and will restrain you on focusing on the business.

Validate Your Idea First

Idea validation is extremely important when you are looking for a technical co-founder. You are not selling dreams or vision, you are selling traction here. Do a survey to find out how many people are willing to pay you for the product. Money drives everything. Show your tech co-founder how much you both can make after the final product is launched.

Make a MVP

Having a minimum viable product to show to the potential candidate for the co-founder can help a lot. It shows that you are passionate about the project and already on the way to bring the idea into reality.

Attend the Hackathons

Now days there are many hackathons happening everywhere. These events bring the best programmers and developers under one roof. Attend these events to find the best fit for your startup. Also have a visit to the startup events, conference etc. who knows you might get one there.

Do an Extensive Search

There are many website available like CoFounder.in, CoFoundersLab.com that helps you to find the right candidate for your startup. Even you can find many suitable developers in your Linkedin network.

Clear About the compensation

You are bringing a co-founder for the startup, which means you are bringing a partner. You have to be clear about the compensation the candidate should get. Be reasonable as you are utilizing their knowledge to build your empire.

I hope this will help many non-tech founders to make the right choice when looking for a technical co-founder. If you have any idea or suggestion to share, please comment below.

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Jugnoo – A On Demand Platform For Auto http://www.thestartupjournal.com/jugnoo-on-demand-platform-for-auto/ http://www.thestartupjournal.com/jugnoo-on-demand-platform-for-auto/#comments Thu, 30 Oct 2014 11:16:42 +0000 http://www.thestartupjournal.com/?p=1378 In the midst of all the cab services available in India, there are a multitude of people commuting via autos every day and their rides are fret with logistical issues. Tardiness, rude behavior, haggling for fare rates and unavailability are common problems faced by the economical commuter who wants the streamlined process of an Uber […]

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In the midst of all the cab services available in India, there are a multitude of people commuting via autos every day and their rides are fret with logistical issues. Tardiness, rude behavior, haggling for fare rates and unavailability are common problems faced by the economical commuter who wants the streamlined process of an Uber cab but cannot afford it.

Jugnoo On Demand Auto App

Keeping eyes on all these problems faced, Jugnoo was launched with the thought of using on demand technology and bring an app which can be used to call an auto anywhere, anytime with click of a button while ensuring that the rates are cheaper than the comparable rates charged by auto drivers in a locality.

It is an on demand solution for auto rickshaws. The consumer app lets you call the auto rickshaws from the network of Jugnoos’ via your smartphone by connecting you with the available auto rickshaws in the vicinity. Its pay as you go mechanism allows you to pay the fair share for the exact distance travelled. Just download the app and register to enjoy its services.

The app was launched by Samar Singla, the CEO and Founder in September, 2014 at BigMobilityConf organised by NextBigWhat.

Jugnoo raised an Angel round investment of INR 7.3 million last month and is the first real product startup starting out of City Beautiful, Chandigarh. The company currently has a 12 member team working on the product, customer care and marketing.

“Our mission is to provide a safe, reliable, convenient and economical mode of auto travel to consumers using On Demand Mobile Service technology via Jugnoo”, says, Samar.

Jugnoo is a common app for both driver and the customer and hence the same map is shared on both sides.

To be a Jugnoo driver, the auto rickshaw drivers should have an iPhone or Android phone to be able to use the app. Every driver goes through an extensive background check as a safety measure for the passengers.

As of now, the app is only available in Chandigarh Tri-city.

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Product Research Site for Gadgets, 91mobiles.com Raises $1 Million Funding http://www.thestartupjournal.com/product-research-site-gadgets-91mobiles-com-raises-1-million-funding/ http://www.thestartupjournal.com/product-research-site-gadgets-91mobiles-com-raises-1-million-funding/#comments Wed, 29 Oct 2014 10:21:10 +0000 http://www.thestartupjournal.com/?p=1367 91mobiles.com (91Digital Web Private Ltd.) has raised close to USD 1 million in a pre-Series A round from a set of investors led by India Quotient. 91mobiles.com is the largest gadget research site in India, with over 7.5 million visitors per month. The website provides information & interactive tools to help users research which mobile […]

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91Mobiles Raised $1 Million Funding

91mobiles.com (91Digital Web Private Ltd.) has raised close to USD 1 million in a pre-Series A round from a set of investors led by India Quotient.

91mobiles.com is the largest gadget research site in India, with over 7.5 million visitors per month. The website provides information & interactive tools to help users research which mobile phone or gadget best suits their needs.

The company was launched in mid-2010, with a small team of 4-5 people, and was able to build reach to 30,000 users per day, in its first year of launch. The user-base has doubled every year since then, to reach over 250,000 users per day in 2014. The company is now 45-people strong, and is head-quartered in Gurgaon, along with another office in Chennai. 91mobiles has an annual (net) revenue run-rate of over USD 1 million, and is aiming for 3-4X growth in the next two years.

The funds raised in this round will be invested in expanding the team, developing better research tools & content for the mobiles & tablets categories, and building a similar research experience for other gadget categories like wearables, laptops, cameras, and accessories. Funds will also be used to upgrade the existing mobile site and launch an Android application, as close to 50% of 91mobiles’ traffic is already coming from mobile devices.

The round of funding had participation from Anand Lunia led India Quotient, and a few other individuals including Umang Kumar, founder & CEO of Gaadi.com, and Krishna Motukuri, ex-CEO of Tradus.com.

91mobiles drives close to USD 100 million of gadget sales to retailers listed on the site, and earns affiliate revenue from online gadget retailers, including Amazon, Flipkart, eBay, etc. In addition, 91mobiles also works with most of the leading gadget& telecom brands, such as Samsung, Micromax, Asus, Dell, Airtel etc. to provide advertising and branding solutions to promote their range of productsto 91mobiles’ gadget enthusiast user-base.

The company was founded by Bharanidharan Viswanathan and Nitin Mathur. Bharani is a graduate from the Indian School of Business, Hyderabad, and was earlier the Co-founder & CTO of Accentium Web, where he was part of the team that built sites like Gaadi.com (later acquired by iBibo Group) andSecondshaadi.com. Nitin is a graduate from the Indian Institute of Management Calcutta, and had earlier founded an online loyalty & reward venture, Privilege Corner, which was acquired by corporate gifting company, eYantra. Nitin started his career in investment banking with ICICI Securities & Lehman Brothers.

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Snapdeal To Raise $627 Million From Softbank Corp http://www.thestartupjournal.com/snapdeal-raise-627-million-softbank-corp/ http://www.thestartupjournal.com/snapdeal-raise-627-million-softbank-corp/#comments Tue, 28 Oct 2014 16:12:30 +0000 http://www.thestartupjournal.com/?p=1361 On Tuesday, Snapdeal announced that the Japanese telecom giant SoftBank Corp will invest $627 million (approx.. INR. 3,762 crore) in the company. This investment is considered as the latest investment ever by any investor in Indian e-commerce industry. Snapdeal will use the investments in expanding its chain of fulfillment centres and make acquisitions in the […]

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Snapdeal raises $627 million from Softbank

On Tuesday, Snapdeal announced that the Japanese telecom giant SoftBank Corp will invest $627 million (approx.. INR. 3,762 crore) in the company. This investment is considered as the latest investment ever by any investor in Indian e-commerce industry.

Snapdeal will use the investments in expanding its chain of fulfillment centres and make acquisitions in the coming few months, specifically in the area of mobile technology as the mobile e-commerce is gaining pace in India.

The company also plans to set up an incubation centre to hone and harness start-up businesses in the mobile technology space within next few months.

With this $627 million investment, Snapdeal has raised around $1 billion this calendar year.

The Delhi-headquartered online retailer which was founded by Wharton graduate Kunal Bahl and IIT Delhi alumnus Rohit Bansal in 2010, received $133.7 million in February from investors led by Chinese e-commerce company eBay and $105 million in May from a group of investors, including IT billionaire Azim Premji’s family office Premji Invest.

Through this strategic investment and partnership with Snapdeal, the SoftBank Group aims to further strengthen its presence in India and leverage synergies with its network of Internet companies around the world, Snapdeal said in a statement.

Consequent to the strategic investment by SoftBank, its vice-chairman Nikesh Arora will join the board of Snapdeal.

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How Much Does It Cost To Run a Startup? http://www.thestartupjournal.com/how-much-does-it-cost-to-run-a-startup/ http://www.thestartupjournal.com/how-much-does-it-cost-to-run-a-startup/#comments Sun, 26 Oct 2014 14:50:09 +0000 http://www.thestartupjournal.com/?p=1347 As a startup, the first and foremost problem is to estimate the exact investment it requires to run the whole business. The below info-graphic shows how much does it cost for a startup to set a small office and hire 2 developers and 1 designer. The info-graphics was shared by John Larase of Staff.com with The Startup Journal.

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As a startup, the first and foremost problem is to estimate the exact investment it requires to run the whole business. The below info-graphic shows how much does it cost for a startup to set a small office and hire 2 developers and 1 designer.

The info-graphics was shared by John Larase of Staff.com with The Startup Journal.

What does it costs to run a startup

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The Purple Turtles – Innovative Lighting Startup With Google and Facebook As Clients http://www.thestartupjournal.com/the-purple-turtles-innovative-lighting-startup/ http://www.thestartupjournal.com/the-purple-turtles-innovative-lighting-startup/#comments Sun, 26 Oct 2014 10:36:39 +0000 http://www.thestartupjournal.com/?p=1342 Bangalore has always been known to be a hub that has inspired entrepreneurs to follow their dreams. We have seen companies like Infosys be examples of the above. Today, The Purple Turtles can also be considered as another shining instance of the entrepreneurial mindset of Bangaloreans.  The lifestyle boutique, which was launched in 2009, has […]

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Bangalore has always been known to be a hub that has inspired entrepreneurs to follow their dreams. We have seen companies like Infosys be examples of the above. Today, The Purple Turtles can also be considered as another shining instance of the entrepreneurial mindset of Bangaloreans.  The lifestyle boutique, which was launched in 2009, has now become synonymous with high end designer lighting and quirky eye catching furniture.

The Purple Turtles

From the creative mind of Radeesh Shetty, founder-owner, The Purple Turtles was conceived to address the need for an out-of-the-common decorative lighting destination in the city. TPT, like so many companies, started from humble beginnings. It was an idea that stemmed from home makeovers Radeesh used to help his friends with. Once a marketing professional, Radeesh noticed that home stores in Bangalore do have a collection of international designs on display, but provide no real platform for Indian Lighting Designers, or even for those interested in getting into the field.

From then on The Purple Turtles has come to be the only store that throws the spotlight on a whole range of Indian designers and their versatile repertoire.

Along with a prolific team of in-house designers, who create limited edition innovative lights for its patrons .The Purple Turtles works primarily with architects and interior designers, providing personalized and customized lighting solutions for homes, offices, resorts, spas, restaurants and theme-based interiors. The client list comprises the world-renowned Google, TCS, Microsoft, Amazon, Wells Fargo, Oracle, CISCO, LinkedIn, Facebook, Ericsson and many more.

The Purple Turtles is today more than just a store; it’s an “art gallery” which gives domestic designers a platform to be recognized for their talent.

Moreover, the team also provides lighting consultancy, offering highly specialized and need-specific lighting advice to its customers.

The combination of unique materials and diverse inspiration from round the world is exceptional and liberating from the stereotyped furniture. To add to this, the range is refurbished every fortnight, giving its customers something new to choose from every time.  So, the next time you look to pick up an ‘out-of-the ordinary’ lighting solution, or a piece of “conversation-starting” furniture, or a quirky accessory, or just a unique gift, at a reasonable price, head over to The Purple Turtles at #128, 1st Main Road, Domlur 2nd Stage, off 100 ft. rd., Indiranagar, Bangalore – 08. You’ll be pleasantly surprised.

Soon, you will also find The Purple Turtles in your city, as plans to open more stores across the country are underway.

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Paintcollar – Helping Artists To Connect With Customers Through Trendy Merchandise http://www.thestartupjournal.com/paint-collar-connecting-artists-with-customers/ http://www.thestartupjournal.com/paint-collar-connecting-artists-with-customers/#comments Sun, 26 Oct 2014 09:45:31 +0000 http://www.thestartupjournal.com/?p=1336 Paintcollar is a one month old startup which aims to change the way people shop for apparel and merchandise online by connecting them with designers and artists. It connects art with lifestyle. On paintcollar.com, artists and designers can create merchandise with their art on it, set their own profit margins and sell it online. When […]

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Paint Collar - Connecting Art With Lifestyle

Paintcollar is a one month old startup which aims to change the way people shop for apparel and merchandise online by connecting them with designers and artists. It connects art with lifestyle.

On paintcollar.com, artists and designers can create merchandise with their art on it, set their own profit margins and sell it online. When a customer buys the product, the company manufactures it and delivers across India while the artist gets paid the profit margin he had set. The startup has started off with four products – poster prints, canvas prints, laptop skins and T-shirts and are working on adding new products like mobile cases very soon.

“Our objective is to solve all the problems with current e-commerce merchandise companies by creating an open marketplace for artists to share their creativity and earn while offering customers refreshing new designs on a variety of products. What’s great is that we are working on introducing a social experience in the marketplace.”, said Amogh Vaishampayan, CEO, Paintcollar.

“This means that users can follow each other, see a feed of their favourite artists’ work on their profiles and get notifications whenever someone buys or appreciates one of their designs. We’re also going to introduce analytics soon so that artists can keep a track of user data associated with their profile and improve their sales strategy.”, he added.

Paintcollar was officially launched on 12th September 2014 at Bangalore Comic Con. It sold merchandise designed by some of their early adopter artists and received an amazing response. They also gave a live demo of the website on the Comic Con main stage.

The founding team consists of five engineers who graduated in 2013. Three of us are from NIT Trichy while two are from VNIT Nagpur. The rest of the Paintcollar team consists of a creative head, a front end engineer and software engineering interns. The company is based in Mumbai.

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KartRocket Raises $2 Million In Series A Funding From Nirvana Venture Advisors and Others http://www.thestartupjournal.com/kartrocket-raises-2-million-in-series-a-funding/ http://www.thestartupjournal.com/kartrocket-raises-2-million-in-series-a-funding/#comments Thu, 23 Oct 2014 06:49:41 +0000 http://www.thestartupjournal.com/?p=1325 BigFoot Retail Solutions Pvt. Ltd, which owns KartRocket, a do-it-yourself (DIY) e-commerce platform for Indian retailers, announced on Wednesday that it has raised around $2 million (Approx. INR 12 cr.) in its first round of funding. The Series A round was led by Nirvana Venture Advisors, 500 Startups and Japan-based Beenos (NetPrice). The E-commerce enabler […]

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KartRocket Series A Funding

BigFoot Retail Solutions Pvt. Ltd, which owns KartRocket, a do-it-yourself (DIY) e-commerce platform for Indian retailers, announced on Wednesday that it has raised around $2 million (Approx. INR 12 cr.) in its first round of funding.

The Series A round was led by Nirvana Venture Advisors, 500 Startups and Japan-based Beenos (NetPrice).

The E-commerce enabler platform was founded Saahil Goel, Gautam Kapoor and Vishesh Khurana in 2012 and had raised an undisclosed amount of funds from 5ideas, 500 Startups and angel investor Jatin Aneja last year.

“We’ve already done a lot of heavy lifting in the past year helping design software, integrations and processes to solve pain points in building a website, a mobile site, integrating a payment gateway and most importantly powering automated and cost-effective shipping for Indian SMEs,” said Saahil Goel, CEO and co-founder of KartRocket.

“With the funds, we want to solve the next set of problems around cataloging, mobile, traffic generation and discovery. We’re also planning to expand our presence pan-India including a heavy focus on Tier- II and Tier-III cities,” he added.

The company helps small and medium businesses to launch their web and mobile e-commerce stores with web and mobile site designs, built-in shipping, payment and multi-channel sales integration. KartRocket has partnered with many big players, such as eBay, Amazon and Snapdeal to allow multi-channel sales.

KartRocket has grown from 100 clients to 1900 clients within a short span of one year which includes, Da Milano, Uni Style Image, Valyoo Technologies, TantraTshirts, Gaurav Gupta, Gyans, Divani, Karol Bagh Saree House and Latin Quarters.

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What It’s Really Like to Work At a Startup Company http://www.thestartupjournal.com/how-it-is-to-work-at-a-startup-company/ http://www.thestartupjournal.com/how-it-is-to-work-at-a-startup-company/#comments Wed, 22 Oct 2014 18:23:12 +0000 http://www.thestartupjournal.com/?p=1317 It’s a (wo)man’s world out there. Sweat, Long Hours, High Pressure, not the right keywords for a 20 Something straight out of the college circus, looking for a bright career opportunity. Definitely not for those trying to fit in. We need people who think on their feet, people who look beyond defeats. We need people […]

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It’s a (wo)man’s world out there. Sweat, Long Hours, High Pressure, not the right keywords for a 20 Something straight out of the college circus, looking for a bright career opportunity. Definitely not for those trying to fit in.

We need people who think on their feet, people who look beyond defeats. We need people who are bursting with energy, quivering with excitement to cross the next hurdle. We cherish people for whom nothing tastes sweeter than a post victory cup of cutting chai.

We look for talent and intent, degrees are worth dime a dozen here.

I work for a start up, intelloCut, working in the field of industrial automation in the Sewn Product industry. I handle Business Development for the organisation, I sometimes help make tea. Paid for the former, graciously thanked for the latter. One minute I am shaking hands with leaders of my industry, next minute I am taking food orders from everyone. You just can’t use your Oh So Fancy Title to get out of it.There’s never a clear cut job description, it overlaps with multiple fields, you just have to clench up and do your best. After all, we can’t hire a thousand people for all the mundane tasks.

Anas Shakil - intelloCut

(Anas Shakil – intelloCut)

No red tape to tread carefully by, no bureaucracy involved when I come up with a new idea.  We simply don’t have time for that. The seniors stand back quietly, letting me set my own boundaries, eagerly willing to help when I give a shout out. In fact, that’s how we function, like a family, each watching the other’s back. From the outside we are a well tiered, highly functional professional team. Insider’s tip: We are a strongly bonded family, goofing around, lot of back slapping, lot of teasing, pranks and all night barbecue parties. But when it gets serious, we put our backs to it, as a highly functional vehicle, each employee an important part of this well oiled machine.

Competing against conglomerates and multi-national corporates, it’s a knife fight out in the dark alleys, standing back to back with the founders. Yep, that’s where you will find them, the company founders, standing right next to you. We score several touch downs, taste victory cause of the grit and determination that keeps us going.

But it’s not all hunky dory in the start-up world. It’s the competition of the fittest, leanest, meanest team hungry for innovation; some make it, many don’t.

Today, in India, start-ups attract a lot of young fledglings and corporate employees, wanting to try something new and refreshing. People come looking for glory and a quick buck. Long hours and low pay sends many of them scurrying back.

Only a few stay, for some it’s the challenge, for others the quirky style of working, and then for some it’s the opportunity to innovate. For me it was the thrill of the challenge, a small driven team out to make its mark on the world. It’s not the promise of glory which keeps me hooked on, despite many pit stops, it’s not the promise of making it big in the long run either, despite the many times I stumble.

It’s the freedom to keep going, to push the boundaries of possibilities further on.

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HelloIntern.com – Connecting Interns With Their Future http://www.thestartupjournal.com/hellointern-com-connecting-interns-future/ http://www.thestartupjournal.com/hellointern-com-connecting-interns-future/#comments Mon, 20 Oct 2014 15:48:49 +0000 http://www.thestartupjournal.com/?p=1309 The one daunting thought that final year students’ fret about, apart from the pressure of preparing for their final set of exams, is the inevitable hunt for a job. Joyful graduation ceremonies are then followed by laborious sessions of scouring the internet and classified ads hoping that something worthwhile would pop up and end this […]

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The one daunting thought that final year students’ fret about, apart from the pressure of preparing for their final set of exams, is the inevitable hunt for a job. Joyful graduation ceremonies are then followed by laborious sessions of scouring the internet and classified ads hoping that something worthwhile would pop up and end this process. However, today’s job market is dominated by the fierce combination of experience and luck. This is where the concept of placements and internships begin to make sense.

“An internship is not only a nice addition to your resume; it is also a ticket to a successful career.”

HelloIntern.com

While there might be plenty of options to choose from, the same cannot be said for the opportunities one gets. Selecting a company, a field and an internship that is the best possible choice for a student as per their qualifications and preferences is quite a gruelling task. Their rate of success tomorrow will also depend on the choices they make today.

This is where HelloIntern website steps in.

HelloIntern is one such portal that guides students in taking their career forward in the right direction, as internships help them identify their strengths and prepares them to face the corporate world.

The birth of this internship portal can be traced back to four college freshmen from IIT Mumbai. Down on their luck and facing a dead-end on the internship front, the lack of opportunities motivated them to initiate India’s very first internship portal – HelloIntern. Slowly yet steadily, following their launch in 2006, HelloIntern experienced tremendous growth over the past few years when it came to bridging the gap between the student and company fraternity.

Having acquired a strong presence in the local market HelloIntern made the wise decision to go global. Having realised this portal’s potential the Angaros Group acquired HelloIntern in 2012 and helped them manoeuvre their way into the global market widening their reach and opportunity.

Eight years since its inception HelloIntern has now donned the hat of The Global Intern Expert as they receive over hundreds of internship requirements every month. Letting the statistics speak for themselves, the portal has around 36,145 students and 3,697 companies registered with it today.

A significant fact HelloIntern has succeeded in realising, is that an intern can prove to be an extremely valuable asset for a company. An intern, be it a student fresh off the college boat or an individual dabbling in different fields, always enters the industry with a fresh set of ideas, striving to deliver the best and thereby increasing the productivity of the organisation.

Practice makes perfect; this saying can be most aptly applied to internships as they help students identify their strengths and interests. Apart from educating students about the ways the corporate world works in, internships also help inculcate qualities like practise, patience and perseverance.

Organizations on the lookout for fresh talent teeming with a variety of ideas need not look any further. This portal’s constant rise in the number of skilled and enthusiastic individuals seeking to prove themselves is exactly what every enterprise needs.

As for every ambitious student out there embarking on this precarious journey of discovering their perfect career, HelloIntern guarantees a diverse range of opportunities and experiences that shall help them zero in on the best option.

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