NASSCOM Emerge 50 2014 Awards are result of a year-long search for India’s Most Innovative top 50 emerging software product-centric companies. The awards are characterized by a mixture of burgeoning success stories and promising start-ups that are coming up with exciting new solutions. These are startups and emerging companies to watch out for! Emerge 50 2014 awards are screened from about 450 nominations by Zinnov Management Consulting and further evaluation by eminent Jury.
RK Patil, Vayavya Labs, headquarters- Belgaum
WHAT IT DOES: Develops tools, and sells embedded software solutions for streaming media applications.
BRIEF HISTORY: Founded in 2006 by RK Patil, 45, Venugopal Kolathur, 56, Uma Bondada,47 Parag Naik, 44.
FUNDING: Rs 1.65 crore of personal investment. Government of India’s Technology Development Board and Indian Angel Network also invested.
USP: First in the industry to commoditise embedded software automation
Speaking to AAB, RK Patil said, “it feels good to be recognised and getting in the top 10 list. Its our hard work that seems to be paying off, we are happy.”