Bangalore's Nanobi Analytics wins Microsoft BizSpark India challenge

A local financial analytics app developer has won Microsoft's startup pitching competition, beating over 100 competitors across the country.

BANGALORE--Local startup Nanobi Analytics has beaten 100 of its compatriots to take out the Microsoft BizSpark India Startup Challenge.

Nanobi Analytics founder and CEO Mahesh Ramakrishnan. (credit: Nanobi)

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.