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Accidental Entrepreneurs: Kwench Library Solutions

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  • Mathukutty M. Monippally

    (Indian Institute of Management Ahmedabad, India)

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.

Suggested Citation

  • Mathukutty M. Monippally, 2014. "Accidental Entrepreneurs: Kwench Library Solutions," Asian Case Research Journal (ACRJ), World Scientific Publishing Co. Pte. Ltd., vol. 18(02), pages 317-338.
    • Handle: RePEc:wsi:acrjxx:v:18:y:2014:i:02:n:s0218927514500126
    DOI: 10.1142/S0218927514500126
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