Meet Sidharth Jain who sold his app for $1M, built IT augmentation startup
Sidharth Jain, from Bhadwa, Madhya Pradesh, is the creator of GraffersID, a firm that provides IT staff augmentation services to a wide range of clients. Sidharth Jain tried unsuccessfully to obtain financing for his web app development business GRAFFERSID . GraffersID provided IT services to startups, but he couldn't get investors since he was a first-time entrepreneur from the little village of Bhadwa (near Indore). But Sidharth, who had an ace up his sleeve, says,"While expanding my team at GraffersID and working on client app projects, we also produced an innovative product." We created an image processing software in which you could take a photo of a food and the program would give you its name, calorie value, ingredient list, and recipe." Taking this product to the B2C (business-to-consumer) market, however, was too expensive for the B2B (business-to-business) firm. He explains, ""An investor we spoke with said they didn't want ...