BWI: Intuit India Mentors Startups at TiE SmashUp!

Press release from Business Wire India
Source: Intuit Inc.
Wednesday, February 06, 2013 12:00 PM IST (06:30 AM GMT)
Editors: General: Entertainment, People; Business: Accounting & management consultancy services, Banking & financial services, Business services, Financial Analyst, Information technology; Technology
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Intuit India Mentors Startups at TiE SmashUp!
A brilliant platform for the startup community to bond in an informal, open, interactive culture

New Delhi, Delhi, India, Wednesday, February 06, 2013 -- (Business Wire India) -- With the recent surge of startups entering the business arena, Intuit India, a leading provider of business and financial management solutions for small and mid-sized businesses in India further accelerated its vision to support the startup community in India by sponsoring the TiE SmashUp! event in New Delhi. It is an initiative of the TiE, a global organization that provides a platform for mentoring, networking & education, to entrepreneurs and professionals. The event enables entrepreneurs to interact and share their innovative ideas with different stakeholders of the startup ecosystem.

The SmashUp! had an array of informative and interactive mentoring sessions, investor meetings and startup showcases for the entrepreneur community. As a member of the Mentoring Session, Nikhil Arora, Vice President and Managing Director, Intuit India mentored RS Barcoders, an IT Solutions company providing end-to-end solutions in the fields of file tracking, attendance, library automation, capital assets management etc. In the second session Nikhil gave advice to Padao Padahao.com a portal for home tutors.

Reiterating the vision Nikhil Arora said, "Intuit's vision is to be a small business champion and we aim to support the small business community and the startup ecosystem, by being part of TiE SmashUp! We have witnessed some significant innovations from the participants and it is a profound achievement for the startup community in India." He further added, "An initiative like SmashUp! gives a fillip for the startup community to get to the forefront and gives them an opportunity to network with possible stakeholders which in turn is a plus point for both parties."

TiE SmashUp! brought together delegates from various backgrounds- mentors, advisors, renowned angel investors, venture capitalists, veteran entrepreneurs and service providers for a panel discussion on 'Founder's dilemma'.

Addressing uncertainty startups face Nikhil Arora "Startup is a physical entity that works under extreme conditions of uncertainty. To reduce uncertainties always start with the key problem you are solving for your customers, if you get the problem right then you can always tweak the solutions. That is the key thing for a startup to build a good business model."

Emphasizing on real customer experimentation, the key to get the business model right, Nikhil advised budding entrepreneurs and said "The best thing to get the right business model is to step out of the office and test the model with real customers. Start with the ideal product or service and test it out to improve. Test it in real situation but fast, since there is limited cash and bandwidth."

The session had over 150 entrepreneurs and the panel had a chance to address the audience and also answer their questions.

About Intuit India

Intuit is a leading provider of business and financial management solutions for small businesses across the globe. Intuit India, the company's first venture in Asia Pacific, began operations in 2005 and has more than 700 employees working in Bangalore, Mumbai and New Delhi. With a legacy of customer-driven innovation, Intuit works to improve the financial lives of its customers in India with products that include QuickBooks Online, Fasal, txtWeb and Money Manager. Intuit India is recognized among India's best workplaces with honors that include: second-best company for Rewards and Recognition; sixth Best Employer in India; Top 10 Best Places to Work for in India; and Great Place to Innovate. It is also among the Top 25 Best Employers in Asia. For more information, please visit 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 offering innovative online and mobile banking solutions that make it easier for consumers and businesses to manage their money. Founded in 1983, Intuit had annual revenue of $4.15 billion in its fiscal year 2012. The company has approximately 8,500 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 Inc., +91 (80) 41769200, samantha_unnikrishnan@intuit.com
Pravin D S, The PRactice, +91 9379429248, pravinds@the-practice.net

KEYWORDS
ENTERTAINMENT, PEOPLE, CONSULTANCY SERVICES, BANKING, BUSINESS SERVICES, Financial Analyst, IT, TECHNOLOGY

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