- Networking often gets difficult for start-ups for huge mandate consultancy fees
- Entie’s network mechanism creates a healthy and economical start-up ecosystem with simplified networks based on automated data
- Entie eliminates pocket barriers for start-ups while fetching/pitching to investors.
The Indian market has evolved from the conventional family ownerships of businesses to creative and independent start-ups. And over time what has made its way into the list of factors to run and develop a business, is networking. People who have resources are searching for takers and the one with ideas is looking out for providers. But what creates a healthy debate is the involvement of consultancies which act as a bridge to create a channel of communication. But to what an extent the services and the monetary compulsion benefit the investors and the start-ups have raised reasonable questions. With huge mandate consultancy fees, start-ups often find it difficult to develop networks without spending lakhs of money. And the beam tends to bend towards monetary benefits for the consultants rather than mutual results.
Given a start-up is not initially capable of investing huge funds into network building, an initiative like Entie comes into the picture, a company dedicated to building strategically networked business platforms to find start-ups, investment opportunities, investors, and real knowledge from the horse’s mouth. They tend to create a start-up ecosystem wherein businesses are meant for people, run by people, and where networking creates immense possibilities for mutual growth. The CEO and founder of Entie, Yogesh Thite, in discussion with the Machine Maker talked about creating a system wherein people benefit from the basic assistance and matchmaking mechanism of Entie and how they eliminate unnecessary costs that go into fetching the investors.
Foundation of Entie
It’s been years of practice for Yogesh into business planning projects in his college days, which gives him an upper hand when it comes to consulting and framing business guidance. His active performance in competitions and on-field experience in manufacturing companies to develop various plants has made him observe what the industry needs the most. He used to get enquires wherein people would like to develop new products without setting up their own plant entirely but by creating a network and delegating the production job.
It was in the year 2011-12 when the Indian economy saw the growing influence of global start-ups and young minds investing their careers in them. That is when Mr. Thite thought of establishing a start-up community wherein the hurdles of capacity building and utilization will be eliminated.
He concluded that people work with an underutilized capacity whereas the other half tends to develop but lack the extra potential, and he ideated upon capitalizing this by creating a connection between the two.The entire analogy provided the foundation rock for him to come up with Entie, with a proficient team having a start-up advisor Mr. Nikhil Thite, a co-founder undertaking marketing operations, a passionate entrepreneur Mr. Paresh Patil as a co-founder for operations, a tech expert, Mr. Sumit Patil a co-founder, monitoring the technology and at the periphery of an energetic start-up and business management consultant, the founder and CEO Mr. Yogesh Thite. “We are just trying to step ahead with the information, and trying to match the people,” says Yogesh.
The matchmaking mechanism
They call themselves as a dating platform for start-ups, investors, wannabe co-founders, and manufacturing houses. They have crafted, automated networking where just a few clicks can create a lifelong connection to run businesses. The entire mechanism is based on preferences where an individual can mention his area of requirement and within the circle, relevant providers and collaborators can be at disposal. They offer basic services to help create a pitch and confront mega investors from the industry.
At our service, you have the option to mention that you are looking for increasing the capacity or you have extra capacity to enter into other ventures.
The entire system works on a single vision of connecting business across the globe and help leverage the power of strategic business connect. He plans to create mutual benefits by engaging in vendor solidarity, where a particular vendor could be the only vendor in their network on the condition he provides his merchandise at a discounted price for his start-up clients. This idea creates a healthy business where benefits can be weighed along with equal scales. They provide a subscription accessible service, where an economical amount of Rs 1500 can give the stratus and other potential developers their perfect match.
Why is it different?
Mr. Thite explained how consultancies have been charging high mandate fees for creating networks and helping develop pitches for start-ups, but what makes Entie different from any other consultancy is that it is an open, economical platform, where individual entrepreneurs get chance to explore their network and increase their potential. He informed that they are trying to replace the unnecessary networking loops, to simplify the process and make it an anytime-anywhere accessible data, unlike consultancies. “People often ask me how you will make money if this service is like a charity. I tell them I am simply making it easy for the people to grow,” said Yogesh. He said that there a lot of consultancies are turning up these days, but how difficult it is to find investor database. It’s about mere Google searches, therefore the service should be mutual and not for the benefit of the mediator. The entire mission stands on eliminating and replacing expensive consultation for the start-ups who are restricted by financial limitations.
For more details visit, http://entie.co