Why startups are blooming
- Bangalore’s IT boom was aided by infrastructure created for large PSU institutions
- Tech companies in the city have spawned an ecosystem that values, incubates new ideas
- Burgeoning young population, with a sizeable expat crowd, that is not afraid to fail
- Plenty of venture capital money going around to take the road not taken, to create new businesses
The idea was simple, really. To get strangers to share a car ride in a city notorious for its traffic snarls. It struck Vardhan Koshal, 29, one night out of the blue, and he tossed and turned and finally took to hammering out the details with his software-friend Srivatsan Mohan, 27, over endless cups of cappuccino at a neighbourhood CCD (Cafe Coffee Day, for the uninformed). When the idea crystallised into ridingO, Jabalpur-born Koshal went to his bosses at Marketelligent, where he worked as an analyst, and told them he wanted to quit to...