BWI: Intuit Asks: Who is the Next Indian “Super Startup?”

Press release from Business Wire India
Source: Intuit Inc.
Wednesday, April 04, 2012 12:00 PM IST (06:30 AM GMT)
Editors: General: Consumer interest, Economy, People; Business: Accounting & management consultancy services, Banking & financial services, Business services, Financial Analyst, Major diversified industrial groups
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Intuit Asks: Who is the Next Indian "Super Startup?"
Super Angels Initiative with ET NOW Provides up to 2.5 Crores for Outstanding Entrepreneurs

Bangalore, Karnataka, India, Wednesday, April 04, 2012 -- (Business Wire India) -- Some of India's most outstanding startup businesses will receive mega funding between Rs. 80 lakhs to 2.5 crores through a Super Angels initiative sponsored by Intuit Inc. (Nasdaq: INTU) on ET NOW.

Intuit a leading provider of business and financial management solutions for small and mid-sized businesses is proud to sponsor Super Angels and promote entrepreneurship in India. The program identifies and funds the best startups in India and the winning startups will receive their funding in a grand finale episode to be broadcast on ET NOW on Saturday, April 7 from 6 to 6.30 p.m. and 6.30 to 7 p.m. The broadcast will air again on Sunday, April 8 from 5 to 5.30 p.m. and 5.30 to 6 pm.

The show will feature five of the country's most innovative startups and five prolific super angels, including Mahesh Murthy, managing partner of Seed Fund; Vishal Gondal, founder of Indiagames; Vijay Shekhar Sharma, chairman and managing director, One97 Communications; Karthik Reddy, cofounder of Angel Fund; and Sanjay Parthasarthy, an entrepreneur and angel investor. These investors have signed on to award the best startups with funding worth crores.

"Entrepreneurs, startups and small businesses are the true hotbed of innovation, and they play a vital role in contributing to India's economy," said Nikhil Arora, Vice President and Managing Director of Intuit India. "Intuit works closely with the small business community by addressing their problems and creating end-to-end solutions that give them the competitive edge.

"Super Angels is a fantastic platform that recognizes and celebrates the true spirit of innovation and entrepreneurship and provides a great opportunity for us to promote and develop engagements with the startup community in India," Arora said.

The Super Angels grand finale features India´s leading technologists, entrepreneurs, venture capitalists and angel investors against the backdrop of the Bombay Stock Exchange. It also includes the keynote address of Lakshman Gugulothu, chief executive officer of the newly launched BSE-SME Exchange. Find out more about Intuit presents Super Angels on Intuit India or at Facebook, Twitter or Linkedin.

Intuit in India

The company's first venture in Asia Pacific, Intuit has been in India since 2005, currently employing more than 550 employees across offices in Bangalore and Mumbai.

The company has been recognized as an employer of choice in India: as the 6th Best Employer in India, among the Top 25 Best Employers in Asia and among the Top 50 Great Places to Work in India. More information can be found at www.intuit.in

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.

Founded in 1983, Intuit had annual revenue of $3.9 billion in its fiscal year 2011. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations. More information can be found at www.intuit.com



CONTACT DETAILS
Samantha Unnikrishnan, Intuit India| Global Business Division, +91 80 41769750, Samantha_Unnikrishnan@intuit.com
Prasad Karat, The PRactice Strategic Communications, +91 9379915373, prasad@the-practice.net

KEYWORDS
CONSUMER, ECONOMY, PEOPLE, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, Financial Analyst, GROUPS

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