Business Description:Sagacious Operates in the domain of Intellectual Property research and provides custom research support (similar to other KPOs). Sagacious is planning to launch its innovative products related to IP in January next year.
Their Pain Areas, Current Remedies, Our Solutions: The pain areas of the customers in the SMEs/ tech companies category include lack of expertise in IP domain leading them to either getting in to unsolicited competition or law suits involving IP. The lack of IP knowledge, also leads them to waste money on re-inventing the wheel by indulging in research in areas where research has already been done.
Until recently they either left it to luck or spent too much money on hiring internal professionals. We at Sagacious provide them with very handy resources in two ways
1. Custom Research - to solve any of their very specific problem
2. Syndicated Research pertaining to their domain, helping them take informed decisions looking at our subscriptions based/ one time pay products.
The pain areas for Indian and Foreign Law firms is their limited bandwidth and domains of operation. They currently solve their problem by internally hiring associates. But this involves lots of money in training, hiring, and managing employees and at the same time also increases their corporate responsibility towards people they hire. We provide them a ready to use team for increasing their bandwidth without them getting in to all the hiring and training stuff.
The pain areas for VCs and investors is the lack of sources to judge the worth of an investment either in a technology and/ or company. We help them take informed decisions and help them look in to the future by providing them with some read- to-use analyses resources giving them a sneak peek into the technologies of interest in the future.
Our products are unique and are >100% cheaper and faster than the classical custom research model. Our custom research is again >20% cheaper and faster than the competitors based on our domain expertise.
Currently we have ~5 customers across the globe availing our custom research services. However, the number will shoot up very fast once we are ready with our products by January. We have carried out market research and should be having more than 20 interested customers in each tech domain we operate in.
We plan to scale up only in revenue and not much in numbers. We plan to become a $15 Million company within next 5 years while keeping the number of employees to 20-30 globally. We believe in working efficiently rather than having too many employees.
Industry:Professional Research
Founded in:2008
Source of idea:Replicated or modified an idea encountered through previous employment
Significant Competitors:A mix of KPO and Consultancy
Company Details :
Company Name:Sagacious Research
HeadQuarters:New Delhi
Stage of the company:Several customers or locations
No of Employees (2006):0-5
No of Employees (2007):0-5
Office Locations(2006):0-1
Office Locations(2007):2-5
No of companies promoted:No
Profits (2006):preprofit
Profits (2007):6 to 15 lacs
>Partnerships:None as of Yet but quite a few in progress in US/ Europe and India
Initial Funding:Personal savings
Addl Funding:
Institutitional Capital:No
Revneue Model:We are currently making money by providing Intellectual Property related services to clients located around the globe. We plan to make money in future by selling the pipeline products as monthly/ yearly subscriptions. Our clients pay us as per following three models: Project based flat fee; Product price/ license fee; Monthly/ yearly Subscription. Our customers are mainly SMEs and other tech companies operating in India and abroad, Law Firms, VCs and the like.
Awards & honors:N.A.
Promoters Details :
Promoters Name(s):Tarun Bansal
Age:23
HomeTown:Bulandshahr (U.P.)
Education:Masters
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Manager at Evalueserve
Ex-Job Description:Intellectual Property
Favorite Book/Movie:Kitne Pakistan by Kamleshwar
