Business Description:We are developing an ecommerce web portal for the benefit of rural people. Our project is supported by a few national / international organizations including Microsoft. Presently the project is bilingual (English and Tamil) and soon it will be multilingual. Each rural producer can add their products to our website and and can earn revenue based on sale (after shipment of products). Similarly, they can buy the products they require as well. Our software has been integrated with some national and international agencies for shipment / payment methods. Several more tie-ups are in the offing. We are implementing initially in Tamil Nadu and plan to expand to other states
Industry:IT/ Internet/ Software
Founded in:2007
Source of idea:
Significant Competitors:Partly other ecom web portals like alibaba, etc
Company Details :
Company Name:Aruntec
HeadQuarters:Chennai
Stage of the company:Have prototype
No of Employees (2006):Did not exist
No of Employees (2007):0-5
Office Locations(2006):Did not exist
Office Locations(2007):0-1
No of companies promoted:Yes (2)
Profits (2006):Did not exist
Profits (2007):losing money
>Partnerships:Too many to list here including direct and indirect. It is nearly 50 as on date and may exceed 100 by the end of the financial year. Partnership / Tie-up includes Microsoft, Intel, CDAC Award associates as well.
Initial Funding:Personal savings
Addl Funding:Bank loans & mortgages
Institutitional Capital:No
Revneue Model:Membership Fees, Commission on sales, Advertisement
Awards & honors:Rural Innovation Award by Mission 2007 comprising of Microsoft, IDRC, Swiss Agency and hosted by M S Swaminathan Research Foundation
Promoters Details :
Promoters Name(s):Ram Kumar
Age:45
HomeTown:Chennai
Education:Bachelors M.I.T. and Loyola
No of companies promoted:Yes (2)
Family Background:First gen entrepreneur
Job:Chief Operating Officer at SVRDS
Ex-Job Description:Fund raising Rs 20 Cr. and Implementation
Favorite Book/Movie:Arunachala Mahathmiyam
