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Rajesh <keyword id="6918" type="PERSON" weightage="20" keywordseo="Sawhney">Sawhney</keyword> has been an expert at building up businesses since the time he helped build Times Internet in 1999.<br />The famous angel investor is currently at the helm of <keyword id="797243" type="UNKNOWN" weightage="20" keywordseo="GSF">GSF</keyword> accelerator who he has been running while starting up on his own with a food start-up called <keyword id="2797965" type="UNKNOWN" weightage="20" keywordseo="Innerchef">Innerchef</keyword>.<br />

    

    

    

    

    

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<strong>Quitting the man<br /></strong><br />Passionate about the internet space, Sawhney started GSF accelerator in 2012 after exiting from <keyword id="96306" type="CITY" weightage="20" keywordseo="Reliance-Entertainment">Reliance Entertainment</keyword> as President.<br />“It started with a forum where angel investors were invited to discuss the rise of the internet companies. The forum was christened as Global Super angels Forum and I started curating that while I was still at <keyword id="10926" type="CITY" weightage="20" keywordseo="Reliance">Reliance</keyword> and investing in my own capacity,” Sawhney told Business Insider.<br /><br />In the past five years, Sawhney has learnt that Internet space is the fastest-growing and that’s where he wants to be, “In 2012, I knew that Internet will change the face of the country and improve infrastructure; technology changes, broadband growth and smartphones have fueled the growth of the economy and this trend will only accelerate further.”

    

    

    

    

    

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Sawhney believes that a well-established company doesn’t have the face-value of disruptive technology companies which are rapidly changing the world, in all sectors. “I knew I had to get out of the corporate life and get into this space which is exciting. Five years back, there were no unicorns, e-commerce was associated with swindling and funding for disruptive companies was scarce. A lot of people now claim to be an angel investor which is a sign of the ecosystem maturing,” says Sawhney who thinks that VCs are open to more risky ventures now.<br /><br />Rajesh says that there was never a better time to be an entrepreneur as the infrastructure can support these companies, there is massive customer adoption and ability to pay online through smartphones has made the world into a well-connected market which only spells good news.<br />

    

    

    

    

    

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<strong>Innerchef at heart<br /></strong><br />Sawhney, who says that he couldn't wait to do something of his own as an entrepreneur has forayed into the food tech sector which is deemed risky by analysts. “In the world’s youngest democracy, food is difficult to execute but not impossible. With Innerchef, we want to target the people who are looking to eat better, eat different kinds of cuisines and want their food fast and at a reasonable cost. If we manage to stir the pot with people depending on us for their palette, we’d think we’ve succeeded,”says Rajesh, who’s food company is surviving despite many companies shutting shop in the recent years. In the past 24 months, Innerchef has pivoted into many models, but the food sector is tried and tested arena, just like entrepreneurship.<br />

Exclusive: Global Superangel Forum’s (GSF) founder Rajesh Sawhney is an Innerchef at heart

<br /> It seems <keyword id="6355103" type="ORGANIZATION" weightage="100" keywordseo="social">social</keyword> networking giants cannot keep their eyes off Indian innovators. Professional networking site <keyword id="28120" type="CITY" weightage="80" keywordseo="Linkedin">LinkedIn</keyword> has been acquiring Indian-origin companies for a couple of years now. And now <keyword id="2006517" type="UNKNOWN" weightage="100" keywordseo="social-media-leader">social media leader</keyword> <keyword id="6354576" type="CITY" weightage="100" keywordseo="Facebook">Facebook</keyword> has scooped up Bangalore-based tech start-up <keyword id="1959708" type="COMPANY" weightage="100" keywordseo="Little-Eye-Labs">Little Eye Labs</keyword> for an undisclosed amount. It is the first Indian company acquired by Facebook. But the takeover has not come as a surprise as media reports were rife about the proposed acquisition for over a month now. Although the financials have not been disclosed, a <em>TechCrunch</em> report earlier pegged it at $10-15 million.<br />
<br /> So what does this Indian company do in the first place? Founded in 2012 by five tech professionals – <keyword id="2006528" type="UNKNOWN" weightage="100" keywordseo="Giridhar-Murthy">Giridhar Murthy</keyword>, <keyword id="1960854" type="UNKNOWN" weightage="100" keywordseo="Kumar-Rangarajan">Kumar Rangarajan</keyword> (also the CEO of the company), <keyword id="2006529" type="UNKNOWN" weightage="100" keywordseo="Satyam-Kandula">Satyam Kandula</keyword>, <keyword id="2006530" type="UNKNOWN" weightage="100" keywordseo="Lakshman-Kakkirala">Lakshman Kakkirala</keyword> and <keyword id="1182160" type="UNKNOWN" weightage="100" keywordseo="Aditya-Kulkarni">Aditya Kulkarni</keyword> – Little Eye Labs develops performance analysis and monitoring tools for <keyword id="6355645" type="COMPANY" weightage="100" keywordseo="android">Android</keyword> apps (2.3 or later versions). The company had released the first official version of the tool in April 2013. The tool not only provides critical insight into an <keyword id="2006532" type="UNKNOWN" weightage="100" keywordseo="Apps-key-performance">app’s key performance</keyword> (such as power usage, data usage, memory consumption, etc.), but also helps developers <keyword id="70866" type="UNKNOWN" weightage="100" keywordseo="analyse">analyse</keyword> those issues contextually – so that quick-fix and hassle-free solutions could be worked out.<br />
<br /> Prior to starting up Little Eye Labs, Murthy worked with Apple; Rangarajan was at <keyword id="10875" type="CITY" weightage="60" keywordseo="IBM">IBM</keyword> and <keyword id="6367983" type="CITY" weightage="60" keywordseo="HP">HP</keyword> while Kakkirala worked with IBM and <keyword id="6363100" type="CITY" weightage="60" keywordseo="Yahoo">Yahoo</keyword>.<br />
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The seven-member-strong Indian tech firm has confirmed the acquisition in a <a href="http://www.littleeye.co/transition.php">statement</a> posted on the site and says that the entire team will now move to Facebook’s headquarters in <keyword id="266145" type="CITY" weightage="100" keywordseo="MENLO-PARK">Menlo Park</keyword>, <keyword id="2379" type="CITY" weightage="100" keywordseo="California">California</keyword> from where they can “leverage Facebook’s world-class infrastructure and help improve performance of their already awesome apps. For us, this is an opportunity to make an impact on the more than 1 billion people who use Facebook.”<br />
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The company has, however, assured its current customers that they won’t be left in the lurch and there will be further information on plans to offer a free version of Little Eye until June 30, 2014.<br />
<br /> The start-up has already secured seed capital from <keyword id="1642294" type="UNKNOWN" weightage="100" keywordseo="GSF-Superangels">GSF Superangels</keyword> and also from <keyword id="1910025" type="UNKNOWN" weightage="100" keywordseo="Ventureeast-Tenet-Fund">VentureEast Tenet Fund</keyword>. According to an earlier report by <em>Business Standard</em>, the firm raised an investment between $100,000 and $200,000 from GSF.<br />
<br /> Interestingly, professional networking site LinkedIn is also getting aggressive about Indian-origin companies and acquired <keyword id="1037643" type="COMPANY" weightage="80" keywordseo="SlideShare">SlideShare</keyword> in 2012 for $119 million. SlideShare is a presentation-sharing site founded by India-born <keyword id="791652" type="PERSON" weightage="80" keywordseo="Rashmi-Sinha">Rashmi Sinha</keyword>. Last year, too, LinkedIn acquired <keyword id="72069" type="COMPANY" weightage="100" keywordseo="pulse">Pulse</keyword>, the popular newsreader for Web and <keyword id="6354485" type="CITY" weightage="100" keywordseo="mobile">mobile</keyword>. The transaction was valued at $90 million in stock and cash. Interestingly, Pulse was founded in 2010 by <keyword id="323918" type="PERSON" weightage="80" keywordseo="Akshay-Kothari">Akshay Kothari</keyword> and <keyword id="276931" type="PERSON" weightage="80" keywordseo="Ankit-Gupta">Ankit Gupta</keyword> while they were still students at <keyword id="101399" type="ORGANIZATION" weightage="60" keywordseo="Stanford-University">Stanford University</keyword>. The service started out as an <keyword id="600351" type="UNKNOWN" weightage="80" keywordseo="iPad-app">iPad app</keyword>, but quickly expanded to other platforms, including the Web. Just before the acquisition, it also started to dip its toes into social by adding a number of social features to its apps.<br />
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Although Facebook has acquired a purely tech company, let’s not forget that it is all about evaluating the performance of Android apps. So it may not be wrong to assume that FB is eyeing a more enhanced mobile experience at every level – a similar thing LinkedIn is trying to achieve through its Pulse app. This time, the writing is definitely on the wall – the future is going to be social and mobile.

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