Starting up at the age of 50, this entrepreneur is defying all myths around any age bar to start a startup
For Khushru Farrokh, founder of Taasha, delivering IT solutions is akin to an artist creating a new painting. It is always a unique and stimulating experience.
Khushru was on the road to getting a PhD in Chemistry before the technology bug bit him in the ‘90s. Since then, he has been a technology person. He says, ” Since childhood, I was a fiercely independent person. My father was a trade union leader in a bank. That gave me lessons in public speaking and leadership from a very young age. Running a business wasn’t easy for me, but I learnt on the job.”
The groundwork began in September 2016 when he quit his job, but Taasha was launched in the middle of November 2016.
His experience while starting his own company at the age of 50
Khushru says, “Age is but a number. Many people told me that it was a bad age to take a risk and do something on my own. But with my background, I thought that it was the best age to do business. I had cultivated a great network. I had experience of working in all the areas of an IT services organisation. I am a regular guest faculty at some of the best colleges in India. I have also been delivering lectures at IIM-A.”
Khushru has been in the field of IT for more than 20 years. Over time, he realised that the IT industry was creating an aura around itself, an overly complex, superior air. A lot of jargon got created, and the end user was made to feel that the issue was a lot more complex than it actually was. So one of his reasons behind starting Taasha was to simplify such things.
He further adds, ” The name of the company was suggested by my wife, who is a language consultant. Taasha is a corrupted form of Nataasha, and it means birth.”
The services offered by Tasha include the following:
- Software development and testing outsourcing.
- Software process consulting.
- Helping companies set up offshore development centres.
- Startup mentoring.
Khushru thinks that outsourcing and process consulting are large markets globally, each more than a few hundred billion dollars. For software outsourcing, India is a prime location.
The company plans to enter functional verticals like media and entertainment, healthcare, education, and machine learning and data analytics. It is also planning to work in technologies like open-source.
Taasha is a six-member team today and is currently bootstrapping. Once it bags some good projects, the company would consider that the ideal time to go out looking for external funds.
Introducing TiE SoCal Labs
We are pleased to launch a new program called TiE SoCal Labs on 9th March. This virtual incubator program is designed for “Hungry SoCal Entrepreneurs” who are eager to receive help from the TiE Global network. Nitin Rai from TiE Global Angels Alliance (TGAA) will be launching this amazing program. Mangesh Mahajan, Partner at WaterMark Venture Capital, will be the chair of this program. Well-known VCs, Angels and seasoned Entrepreneurs will be available to mentor these startup founders. An exclusive group of founders and their startups will be selected in the first year.
Our bold vision is to help aspiring entrepreneurs with the entire lifecycle of their company – from cradle to successful exit: ideation process (above), making a realistic business plan, finding co-founders, building proof-of-concept, finding beta customers, commercializing the products, creating go-to-market strategy, expanding sales and distribution channels, and above all, exploring various fund-raising options. We are going to put key people, processes and systems in place to make you successful!
TiE SoCal is going through a selection process for the first batch of startup companies to be admitted to this amazing incubator. We have already received a dozen or so applications, and our committee has decided to keep the invite open for a few more. Are you interested in applying for the TiE SoCal Labs? This is your chance to get in on the ground-floor!
Please Apply here
We are anticipating a Huge Turnout for the TiE SoCal Labs launch event (we’re hearing that this launch may include live pitches from the final round of applicants, live audience participation and selection (aka The Voice), and a few surprises… but we can’t give it all away).
Place: Real Office Centers at the Vine OC
5151 California Ave. Suite 100
Irvine, CA 92617
When: March 9 from 6 pm onward
What: Indian dinner will be served
Indians are some of the biggest, greatest and best entrepreneurs in the world. Their business acumen and passion for success has been recognized and lauded the world over. They have inspired millions to think big and doggedly pursue their dreams of making it big. Today, doing business across any vertical is wrought with stiff competition. We are seeing a whole new generation of entrepreneurs who are doing things differently through some innovation and identifying new business opportunities.
These New-age Entrepreneurs and visionaries are redefining the way business has been traditionally done. Through every new opportunity, we see individuals who are not only young but are also not averse to taking risks.
Continuing with Network18’s endeavor of promoting ‘entrepreneurship’ and ‘start-ups’ in India, ‘The Venture’, a joint initiative with DS Group, hunts for next big entrepreneurial idea that is yet to be conceived.
Raise up to a maximum of INR 1 crore for 10% equity
Opportunity to pitch to a highly renowned group of Jury members
Service providers & experts to facilitate deal closure & documentation
Extensive mentoring by top industry leaders