A presentation by Srini Raju iLabs Capital

2nd Global Forum on Business Incubation Empowering Economies through ICT-Enabled Innovation & Taj Krishna, November 6-10, 2006 iLabsiLabs FundFund

• Driven by people with experience of building global companies • Significant capital contribution from the Principals • One of the few home-grown teams • Fund size over $ 350 m (iLabs Fund I + II)

2 Professionals-turned-EntrepreneursProfessionals-turned-Entrepreneurs

XIUS GV Kumar

TV9 Ravi Prakash

DQ Tapaas Chakravorthy

eSolutions Suresh Ramani

3 iLabsiLabs PortfolioPortfolio CompaniesCompanies

Sify Limited (“Sify”) is ’s pioneer and leading player in internet communications and e-commerce and offers integrated end-to-end Intelligroup Inc. (“Intelligroup”) is one of the leading enterprise resource solutions with a comprehensive range of products and services, for both the planning implementers in the U.S. and provides a wide range of information business to consumer and business to business segments that cover the technology solutions and services, including the development, integration, four critical cornerstones of the internet: connectivity, content, commerce implementation, hosting and full lifecycle support of e-commerce and and community. enterprise applications to companies of all sizes.

DQ is a Multimedia & Animation Company, specialized in high quality 3D St. Minver Limited (“St. Minver,” formerly St. Enodoc) is a key participant in Modeling & Animation, 2D Traditional Animation, Flash Animation for TV, the rapidly growing global online gaming industry. Licensed in Gibraltar, St. Feature Films & Direct to Home Video. DQ is powered with over 1500 Minver is a white-label MSP provisioning and operating online games like Animation Professionals out of its several facilities in India & Phillipines. poker, casino and bingo. St. Minver provides the opportunity for its customers to monetize customer relationships in the online world through gaming channels.

Cibernet Corp. (“Cibernet”) is a leading clearinghouse for wireless telecom companies, providing financial settlement of voice, data, and m-commerce transactions. Cibernet provides clients with inter-company billing protocols, Megasoft Limited (“Megasoft”) is a broad-based software technology service roaming administration tools and financial settlement programs. provider. A wholly owned subsidiary, Xius Ltd. (“Xius”) provides telecom technology solutions for telecom operators around the world. It has developed unique solutions for providing pre-paid roaming and optimal routing. Together, the two companies take to market a vertically integrated technology services offering to the telecom industry. MetLife India is MetLife Insurance’s foray into the Indian insurance markets. MetLife India will be bringing their international expertise and solutions to cater to the emerging Indian middle class and the Indian corporate sector.

4 iLabsiLabs PortfolioPortfolio CompaniesCompanies

IANS India Pvt. Limited (“IANS”) is New Delhi-headquartered Associated Broadcasting Corporation Pvt. Limited (“ABC”) is a holding multilingual news agency that reports on South Asia and events of company for iLabs’ ventures in the domain of media distribution. TV9, interest to this region and the Indian Diaspora around the world. It is a brand of ABC, is the first 24-hour regional news channel operating in the largest independent news agency in India. The news service is Telugu, one of India’s major regional languages. Its speed, quality and made available in four languages -- English, Hindi, Gujarati and dynamic presentation of the content makes it unique and popular in its Arabic. Newspapers, magazines and websites in five continents region. subscribe to IANS.

iLabs Hyderabad Technology Center Private Limited (iHTC) is Unifi Wealth Limited (“Unifi”) is a financial services focused on the infrastructure “play” in India, specifically on being the venture primarily focused on providing wealth management solutions platform for off-shoring/out sourcing companies in India. iHTC will to its highly discerning clientele in India and to the Indian Diaspora provide world class facilities and space for global companies. overseas. It also offers financial corporate advisory services in its chosen geographies. Unifi is a fully licensed brokerage in all the key exchanges in India and capitalizes on the rapid economic and capital market growth in India.

eSolutions Pvt. Limited (“eSolutions”) is engaged in the Small Business Enterprise Software product space and is targeting this A strategic partner of Getty Images, Visage Media Services Pvt. through the dual strategy of: (1) offering a differentiated proposition to Limited seeks to define, create and edit localized stock images and users currently relying on transaction automation (such as those footage in addition to building a robust distribution pipeline. It intends provided by accounting software) and (2) by creating a platform that is to become the dominant player, supplying imagery to the creative “localized” to developing markets across the globe. eSolutions offers industry, with a focus on the South Asian markets. It will also venture an integrated business operating software for small- and medium- into other related stock media services. sized organizations specializing in retailing, distribution and services.

5 CaseCase :: XiusXius

Xius is a leading telecom technology solutions provider for telecom operators around the world addressing new growth markets.

• First Multi-NG Convergent IN for MNSPs • World’s 1st Full-function pre-paid roaming service • World’s first Multi-NG Hosted Roaming Interoperability Services • First GSM optimal routing platform for roamers

Challenges

• No track record • Will you be there tomorrow ?

Lessons learnt

• Partner with established players who would add credibility and delivery capability around the world

6 CaseCase :: CibernetCibernet

Cibernet Plc (“Cibernet”) is a leading clearinghouse for wireless telecom companies, providing financial settlement of voice, data, and m-commerce transactions. Cibernet provides clients with inter-company billing protocols, roaming administration tools and financial settlement programs.

Lessons learnt

• Partner with one of the leading players who has credibility and reach but requires innovative solutions

7 CaseCase :: eSolutionseSolutions

eSolutions offers an integrated business operating software for small- and medium-sized organizations specializing in retailing, distribution and services by creating a platform that is “localized” to developing markets across the globe.

Challenges

• Too many competing players • Fragmented market

Lessons learnt

• Even after partnering with SAP and Microsoft difficult to sell to SMEs

8 CaseCase :: DQDQ EntertainmentEntertainment

DQ today is India’s largest Multimedia & Animation Company, specialized in high quality 3D Modeling & Animation, 2D Traditional Animation for Hollywood and European Production Houses.

DQ is powered with over 3500 Animation Professionals out of its several facilities in India, Philippines, and China.

Challenges

• Acceptable quality issues during formative years • Finding creative talent

9 CaseCase :: ingenovisingenovis

Focused in developing tools for the bio-informatics and genomics

Lessons learnt

• Industry did not grow as anticipated • Business opportunities were small sized, with long sales cycles • Technology could not speed up the drug discovery process as anticipated

10 Thank You

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