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Frictionless Ventures, a new incubator in the cloud computing sector

Ravi Gururaj, recently launched a new platform Frictionless Ventures, as reported by Economic times. The venture is launched with a view to invest seed money and nurture aspiring entrepreneurs with innovative and viable ideas. The first idea being incubated is a mobile contacts management app, SyncUsUp, which was a finalist in the New Venture Contest, held at Harvard Business school, Boston.

Ravi Gururaj will be leaving his position as Vice President at Citrix Systems, a leading cloud computing solutions provider to start this venture. Previously, he owns a startup VMLogix which was acquired by Citrix in 2010.

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Talking about his new initiative, Ravi says it to be ‘for profit’ commercial venture and will serve as a launch platform from which he can freely innovate, idea, incubate, and invest in disruptive new technology ideas. The venture will initially be investing in range of INR 27 lakh – 1.3 crore in verticals such as cloud computing, mobility and big data.

According to the IAMAI, the attractiveness of cloud-based applications across sectors, from hospitality to healthcare, is driven by ease of use and lower cost. This has led to India becoming a hub for young cloud computing companies such as OrangeScape and Datagres.

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Also, this sector has gain hype due to some of the biggest exits for the investors in this segment. In the past 18 months, Mumbai-based Netmagic sold a majority stake to Japan’s NTT Communications for Rs 900 crore while Citrix Systems paid over Rs 1,000 crore to acquire Gluster, a cloud computing startup, was bought by Red Hat for about Rs 667 crore.

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