BANGALORE--Local startup Nanobi Analytics has beaten 100 of its compatriots to take out the Microsoft BizSpark India Startup Challenge.
The financial analytics app developer won the grand final pitching event at Microsoft's Bangalore offices on Friday. It beat the other contestants of the month-long competition, where only 10 winners progressed from the elimination rounds held in 10 Indian cities.
Founder Mahesh Ramakrishnan took out the first prize of US$4,000 cash, a Dell Latitude 10 tablet, Xbox 360, and a branding package.
Ramakrishnan said the prizes and mentor network would allow it to expand its business globally. "It will help us leverage the business for our go-to-market strategies, addressing the analytical needs of small and medium businesses in India for the next six months," he said.
Coming in second was New Delhi's IntelloCut, a material planning software company that aims to cut wastate in the textile industry. Mumbai's Trutech Webs, specializing in fluid motion sensors took third spot.