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Looking back with pride
CoCubes has set up a good base in just a year from its inception in 2007, and is currently a part of an incubator at Ansal Institute of Technology (AIT), Gurgaon. Goyal recapitulates the journey so far: "We have seen both sides of the coin, from asking friends and family for capital, to being funded by a reputed set of investors. It is always difficult to start a venture." He adds: "The support from our respective families was a big push. But what has kept us going is the internal steady belief in the idea and our vision. This has helped us cross our lows to getting our round of capital closed.
"To our great delight, the director/dean at AIT liked our concept and showed faith in our idea. Within the first two meetings itself, the team offered us an incubation space. I believe tech-incubators are playing a very important role in sustaining the entrepreneurship wave we see in India."
The firm has formed a sound base, but Grover affirms that the biggest challenge for the team to date is to stimulate a much-required change in mindset among colleges--to accept that going online is a better way of increasing their placement rates.
For fellow entrepreneurs-to-be and enthusiasts, Grover and Goyal have a simple message: "Try looking for solutions to problems that you would encounter in day-to-day life, start with a reliable partner and somebody you would love to work with, and always follow your passion. After all, you have only 'one life to live'."
|Benchmarks achieved so far
- CoCubes has on board more than 12,000 authenticated users (students) across colleges and states. The list of premier clients includes IILM and Thapar University. The company has also signed a couple of big MNC clients (Evalueserve), each of which is going to use CoCubes to recruit talent from more than 100 colleges.
- The most remarkable thing is that all this has been accomplished by a small team of seven people. That said, the firm has raised capital and is looking to scale up its team size.