It
started with a mail from my professor. At 7AM I received a mail along with others how
did we want to structure the Entrepreneurship course . I started thinking on
how to structure the course best, and finally decided on the way to go ahead
with this would be to start our own enterprises and build a product and sell it
across in a term of 10 weeks. We got down to it and started planning but nothing
really materialized till the end of January , it was already 3 weeks gone. Then
I came across Rohit Tripathy , one of our senior alums, who graduated around 12
years back and then started his own company . It was an informal chat with him
that gave birth to another idea, instead of 7 people trying to run 7 different enterprises
we could focus in creating one of whom the 7 would be a part.
We
quickly decided on the business idea and he agreed to invest into it and we
students were supposed to work on the idea and give it shape and at the end of
10 weeks could go for a profit sharing. The idea looked brilliant on paper and
would be one of its kind program in India wherein students without having to
take any risk would be able to get a first hand experience of entrepreneurship and
at the end of 3 months course would not only be enriched by the experience of
creating one but also adding some money to their pockets.
We
came to a conclusion to start into the highly niche and fragmented industry of
electronic components and try and formalise it by bringing together a e
commerce platform for the same. The idea was to have a single platform where
any person can come and buy anything related to electronics (resistors and
capacitors etc) , related to robotics . This segment is filled with some small
players who are operating physical hardware stores and have a simple online
presence but they are not able to sell in nos because it is not there core area
of expertise. The platform would act as a kind of aggregator and bring all such
smaller shops on a single platform and we would provide the technology and
logistics backend, our core area of expertise. We registered the idea and the domain with the
site www.componentika.com .
Now
we had a idea in place and investor in place and a brilliant team to work on
it. So how did things progress from there, will continue in second post.
