Business Description:Location Based Services is a new age concept to derive the location of a user and give him search results on the go. The monetization could happen by involving many local businesses to be part of the network and get a lead generation to their business activity by a user. Since everything is based on location the business would be more profitable with the use of technology resources.
Yulop is in talks to tie up with two major telecom operators and two major local search engines to provide Geo tagged information on a licensing format. Yulop now ventures to 18 cities across Invciedia with nearly 2.3 million Geo tagged contents available.
Yulop also has a consumer facing business where we intend to add about 1,00,000 users of our location based services by Jan 2009.
Industry:IT/ Internet/ Software
Founded in:2007
Source of idea:
Significant Competitors:Google, Yahoo, MSN, BrightKite, Whrrl
Company Details :
Company Name:Yulop WebSenSe
HeadQuarters:Bangalore
Stage of the company:Scaling up
No of Employees (2006):0-5
No of Employees (2007):6-15
Office Locations(2006):0-1
Office Locations(2007):2-5
No of companies promoted:No
Profits (2006):losing money
Profits (2007):losing money
>Partnerships:
Initial Funding:Angel investors
Addl Funding:Angel investors
Institutitional Capital:No
Revneue Model:Yulop has two revenue streams basically B2B and B2C.
B2B Stream : License based Geo tagged information for Telecom Operators and Search Engines, which could either be a revenue sharing platform or a fixed annual fees model.
B2C Stream : business entities pay Yulop for taking them to customer.
Other streams could be Ads and Sponsorships
Awards & honors:
Promoters Details :
Promoters Name(s):Sridhar Gundaiah
Age:25
HomeTown:Bangalore
Education:Masters
No of companies promoted:No
Family Background:First gen entrepreneur
Job:Senior Architect at EDS
Ex-Job Description:Architecture
Favorite Book/Movie:Wings of Fire, Dr. Abdul Kalam
