Chalk one up for startups (against the MNC bunch) – MulazamatTV is announcing that their little startup that they launched just some months ago was just acquired by a foreign firm. This team has had a good month, where this acquisition comes just after their other venture, DevNext was acquired by Nuvica a little while ago.
I dont have the exact figure but I hear that the exit valuation was well above Rs.2 million. This is a pretty good valuation for a few months of hard work, and a particularly good exit I assume for two guys out of FAST with a dream.
This example certainly does show that ultimately good ideas win – I’m sure if you compare the Mulazamat guys with all of their friends and peers from FAST who drove over each other to join MNCs, the startup route is beginning to look pretty good.
And think about this for a second – now they have SEED money to work on even bolder and better ideas next without giving away any part of their next company to investors. Hmm… maybe this should be some sort of best-practice model for serial entrepreneurs.
Congratulations guys – I’m very happy for your success.