Clearstone Venture Advisors : Portfolio : View By Market

DigiBee Microsystems

DigiBee Microsystems (DGB), a privately held Indian company founded in March 2004, is in the business of designing, building and launching world-class mobile handset solutions. The Company was founded by repeat entrepreneur Suresh Dholakia and has built a good management team from various elements of the mobile value chain. DGB is headquartered in Bangalore, India with operations in Chennai, India and Shenzen, China. There are presently 120 people working in the company, primarily in technology development.

The Indian Market for mobile devices is one of the largest and fastest growing markets in the world. Current estimates put the number of mobile subscribers in India at 130 million and it is growing at five to six million new subscribers every month. This phenomenal growth rate has made India a focal point for many of the major device manufacturers in the world, with Nokia being the recognized leader.

Unlike China, which is the other rapid growth market in the world today for mobile devices, there are no local mobile handset reference design companies in the Indian market. The Indian market is unique and requires features and functions at a price point that is palatable to a local audience. We believe that there is an opportunity to create a world-class mobile device firm targeting the Indian market first and then using that platform to aggressively enter new markets.

To realize its vision, DGB is developing its own Mobile Platform Solutions (MPS), which includes its SOC (system on a chip) and handset software framework for its 2G and 3G products. The MPS is indigenously designed and developed providing DGB with the vital strategic edge for customizing the end products for target markets.

Elbee Express

Elbee Express is one of the fastest growing express delivery companies in India. The Company has an integrated express service network that covers most geographical areas within India. Elbee Express also covers 220 countries through its international associates. Elbee Express offers swift and definite transportation and distribution of its customers' shipments which include documents, packages and commercial goods. With the Company's state-of-the-art web-based tracking system, eTABS, Elbee Express offers its customers real-time tracking information from point of pickup to point of delivery. The Company has a premier customer base which includes GE SBI, ICICI Bank, Deutsche Bank, JPMorganChase, Tata AIG, Sodexho to name a few. As of April 2008, the Company had 142 branches, a team strength of 1,800 and operated a fleet of approximately 1,500 package cars, vans and motorcycles. The Company is headquartered in Mumbai, India.

Indiaideas d/b/a Billdesk.com

BillDesk, a property of IndiaIdeas.com Ltd. was conceived in early 2000 to solve the frustrations of most of us when it comes to paying bills. We have created BillDesk to help consumers like us leverage on the potential of electronic medium to better organise and manage our payments, while escaping some of the pitfalls of traditional bill payment services.

At IndiaIdeas we believe that the Internet is a powerful medium that will very soon graduate from being an engaging pastime to an indispensable and ubiquitous home tool, bringing with it, for consumers like us enormous benefits and convenience. Take, for example, the monthly chore of paying bills - starting right from receiving them, sorting them, remembering to pay them on time, writing out the cheques, standing in queues and paying them, storing the receipts and finally toting up the amounts to figure just how much of our salary has been spent. And well, do we know if all your bills have been received and paid? Or are we running up late payment charges, penalties, or possible discontinuation of facilities?

BillDesk was created with a vision of simplifying this very process. With a vision of creating a one-stop destination through which we could make all our payments, at one time, from one location - or better still anytime from any location. A one single destination that keeps track of our bills, informs us of due dates, eliminates the hassle of writing out cheques and standing in queues and gives us the freedom and the ability to pay with just one instruction to our bank. At BillDesk we are committed to this vision of implementing innovative solutions for simplifying payments and collections and translating the opportunities offered by the Internet into actual customer delight through efficient payment and collection services.

We do recognise that for bill payment to become a convenient online experience, customers must be motivated to make the transition to an online relationship on the strength of an inspiring experience. To this end, BillDesk is focused on providing a compelling value-add service that will simplify bill payment and management for the advantage of customers, deliver on reliability, efficiency and performance and most importantly provide a secure zone where customers like us can transact with the confidence that that our transactions are being managed by people who care; by people who understand and respect our privacy; by people who are constantly delivering on quality and excellence.

Games2Win

Games2Win is a pioneering online games company based in Mumbai, India. The Game2Win web portal hosts unique and highly differentiated flash games that are enjoyed by millions of visitors from all over the world. The games are typically produced by the company's own studios and are targeted at tween and teen audiences. The website of Games2Win and its game assets offer unique advertising, e-commerce and lead generation platforms for global brands. Games2Win also operates a massive multiplayer online games business in India and has partnered with SEGA and Hyundai. Games2Win's MMOG games are deployed in over 500 game cafes in India and the company also operates its own game currency for micro payments by consumers.