Accidental Entrepreneurs: Kwench Library Solutions

Mathukutty M. Monippally ()
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Mathukutty M. Monippally: Indian Institute of Management Ahmedabad, India

Asian Case Research Journal (ACRJ), 2014, vol. 18, issue 02, 317-338

Abstract: Kwench Library Solutions (Kwench), a Mumbai-based startup that offered library services to corporate clients (B2B2C model), looked anxiously for angel funding to establish itself and expand to other parts of India. The time — the first few months of the 2008–09 global recession — was bad. The angel investors who offered to provide INR 10 million valued the start-up at one-third of what the promoters had confidently expected. The valuation was unacceptable, but spurning the offer was fraught with additional risks. The promoters, who had given up high-paying corporate jobs and invested heavily in the start-up, had to find a way out.

Date: 2014
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DOI: 10.1142/S0218927514500126

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