In business, it’s the early bird that rakes in the moolah. Taking cue from the age-old proverb, two MBA students have turned entrepreneurs even before graduating.
H.R. Sampreet and Saurav Dhiman, second-year students of the Vinod Gupta School of Management at the Indian Institute of Technology, Kharagpur, have launched their own company, Enfount Business Solutions. Their maiden venture is Bulkdeals.co.in, a Bangalore-based online retail window specialising in institutional and organisational buying of laptops, desktops and other electronic items.
“Across campuses, students form groups to buy computers so retailers give them a discount,” said Sampreet. “But this happens locally and in an unorganised manner,” he explained.
The duo saw a business opportunity in this campus trend and created an online platform that is a one-stop-shop for bulk deals of laptops and desktops of all brands.
“Here, students can register and get great deals directly from the brands,” Sampreet said. “We estimate this to be a Rs 200-400 crore market. The brands, too, were looking for a single window to reach out to the student community. We had the business model and wanted to hit the market early, so we started even before graduating,” he added.
The company is partnering with almost all top brands such as Dell, LG, Hewlett Packard, Lenovo and HCL.
The website had over 1,000 visitors in the first three days of its launch and already has more than 300 members and over 20 registered colleges, including all the IITs.
When asked how they plan to balance studies with running a business, Saurav said: “It is all about time management. Our business requires just two or three hours a day, which we can easily put in.”
More : telegraphindia.com
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MANIPAL: Rohit Prasad Sharma and Abhishek Sinha , second year students of T A Pai Management Institute (TAPMI), Manipal, have won the Second Prize in Debate at Acumen 2006, the National B-School Challenge organized by Business Today in association with Aditya Birla Group, held at the Indian Institute of Management, Bangalore (IIMB).
Out of the 39 teams that took part in the debate, four institutes-TAPMI, IIM-Bangalore, IIM-Kozhikode and Christ College qualified for the semi- finals. TAPMI beat IIM-Kozhikode to reach the finals. The other finalist was IIM-Bangalore and the topic for the debate was Big corporations are not agile and adaptive.’
The panel of judges consisted of CEO of Aditya Birla Group, Chairman (Publishing) of Business Today Group, Vice-President of Lenovo India, and a few other dignitaries from the industry.
Tags: acumen, aditya birla group, b school, christ college, dignitaries, group chairman, group vice president, iim bangalore, iim kozhikode, indian institute of management, indian institute of management bangalore, lenovo, management institute, pai management, panel of judges, rohit, school challenge, semi finals, tapmi manipal
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