There is a partially VC funded start–up which has had a pilot going on for 2 years in Delhi which caught the personal attention of Bill Gates when he visited Delhi in Nov 2OO8 leading to partial funding by him to keep the fires burning. Bill Gates has a financial inclusion mission which is dear to his heart and to his Melinda Gates Foundation and saw synergy in this companys innovative mobile banking business idea and possibility of a Melinda-Gates led CSR association.
 There is an absolutely committed co-founding team. They have gone through ups and downs financially till Bill came in as a saviour and gave them funds and also put them in touch with VCs with whom they are working on funding to help them scale beyond the pilot. The company also has two prestigious corporates — Indias largest bank and a telecom provider, who are helping them incubate the mobile banking vertical.
 Till now they have worked with an Open source program based software called MIFOS which acts as the bridge between banks and the extended arm reaching out to the mobile customer ..but MIFOS is not suitable for millions of transactions.
 Hence the need to have another co-founding team member as an Architect. 8-1O yrs experience in Architecture and preferably on financial product related programs would be ideal.
 The Company is entreprenurial and ideal only for an entreprenurial person who would grow with them and have wealth creation opportunities.It is not a regular 9 to 5 company or a blue chip MNC. Each co-founder has invested from Rs 1 crore to Rs 4OOOO each, to become a co-founder. They also have ESOPs. The next person coming in –the Architect — is not expected to invest — but could be given ESOPs. Hence pl do not expect cash compensation increases as the driving force for you to look at this position though wealth creation opportunities through ESOPs will be there.
 Apart from an innovative business initiative which has support of people like Bill Gates or rather his Foundation , they are keen to incubate a culture and DNA in the organisation which is unique and like google. Looking urgently for an Architect who fits the bill and keen to be in Delhi with this exciting venture.
If any of you know someone who would want to be the next founder team member when the company is about to scale up and if Delhi, then do let me know on ranjit.jatar@novaedge.in
Ranjit Jatar
9922888599
- Software Architect - November 22, 2009
- THE EXPERIENCE OF STARTING A NEW E RECRUITING PORTAL - April 23, 2008
Company is EKO?
SG,
If you read my comments –the one sent before you gave your comment — you would note that I had mentioned that the Job post was intended to go into the Job section and not in the Home section–and apologised in advance for this mix up. I need to figure out why this happenned — all I did was to go to the Job section and Log in based on a password I had earlier generated . If the Adminstrator is reading this, pl let me know for future purposes.
Do drop me a line seperately if you are keen to know more about the Product etc. Why should I mention funding as you have mentioned? Let me be frank with you. Most start ups fail because of lack of funding. So if there is a bit of comfort for this mobile banking outfit for the current phase and they need an Architect team member to focus exclusively on developing s/ware which will enable them to handle millions of transactions w/o worrying about his/her paypacket in the medium term, does that make the position less entreprenurial?
Hey guys, I got a response from someone who thought that Nova edge was hiring for itself. Novaedge is a consulting company and hence the hire is not for us. We are recruiters and advisors to the mobile banking company I am talking about and those who are keen to know more should get in touch on the Nova ID mentioned.
Cheers
Ranjit Jatar
You said, “they are keen to incubate a culture and DNA in the organisation which is unique and like google.”
“Like google” doesn’t sounds like “unique”. They are mutually exclusive terms. Moreover every startup today boasts of a google like culture.
I am sure they must be doing great work but I don’t like why you felt that funding from Bill’s foundation and having a “google like” culture should be more attracting to a ‘entrepreneurial’ architect. Is being funded and trying to be like google the best they have to offer?
It might have been better to focus more on what exactly makes them special. What about their product? what about their team? what about their culture?
Not to mention your spammy use of this blog for, presumably, an assignment for your recruiting firm. Thumbs down from me, sorry.
Sorry guys who do not want to see a Job post. Thought this will get uploaded on the Jobs page –since I logged in thru that page. Somehow got onto the Home page.
Ranjit