Hyderabad Stories
No Result
View All Result
SHARE YOUR STORY
Tuesday, September 26, 2023
  • Home
  • About Us
  • People
    • Pioneers
    • Entrepreneurs
    • Bureaucrats
  • Companies
    • Startups
    • Enterprises
  • Top 10
  • Startup Stories
  • Gallery
    • Photo Gallery
    • Video Gallery
  • Contact Us
Hyderabad Stories
  • Home
  • About Us
  • People
    • Pioneers
    • Entrepreneurs
    • Bureaucrats
  • Companies
    • Startups
    • Enterprises
  • Top 10
  • Startup Stories
  • Gallery
    • Photo Gallery
    • Video Gallery
  • Contact Us
SHARE YOUR STORY
No Result
View All Result
Hyderabad Stories
No Result
View All Result
Home Startups

Hyderabad startup WeSecureApp in global startup programme

Telangana Today by Telangana Today
April 15, 2018
in Startups
Reading Time: 3 mins read
125 10
0
Venu-Rao-

Hyderabad: Hyderabad-based new age cybersecurity company, WeSecure App, which provides security testing, auditing, and consulting services, is among the 50 innovative companies globally, which had been inducted into the 2018 Global Class of Startups Program being held at Redwood City, California in the US. The startup is the only company representing cybersecurity space while a majority of them are into FinTech and HealthTech.

K Venu Rao, CEO, WeSecureApp told Telangana Today in a telephonic interview from the US, “It is the program organized by the Startup Grind powered by Google to empower startups. The program recognizes the top 50 companies selected out of over 6,000 companies from 115 countries around the world.”

Startup Grind is an independent startup community involved in educating, inspiring and connecting 10,00,000 founders in over 400 chapters. It nurtures the startup ecosystem in 115 countries through events and partnerships with organizations such as Google.

The current programme is developed to provide greater recognition and awareness about innovative, rising entrepreneurial stars around the world. The latest class represents an exclusive class of pre-seed and seed-stage companies. Of over 6,000 applications received for the programme, 130 were selected to represent the Startup Grind community across 80 countries. From the pared-down list of 130, the top 50 were inducted into the programme.

Together, these top 50 companies have raised over $40 million. These startups represent countries such as India, Mauritius, Bangladesh, Australia, and Guatemala. Numerous US states are represented in this new class of startups, including those headquartered in New York, Ohio, Wisconsin, Texas, Nevada, and California.

Rao explains, “The startups have access to mentors, investors, and other resources within Startup Grind’s expansive network. They get access to the company’s global audience through media and onsite interaction at the annual Startup Grind Global Event. The event is being held from February 12 through February 14. We are getting an opportunity to pitch in front of investors here.”

Growth plans

WeSecureApp began its operations two years ago with three co-founders Venu Rao, Akhil Renikuntla (hacker) and Srini Dhara. The founders realised that though there is the availability of automation tools, there still exists vulnerability. There is a need for penetration testing. The company today serves over 50 clients that include online platforms such as MakeMyTrip, Goibibo besides organisations such as ICICI Bank, CallHealth and eVaidya in the app security space.

Rao explains, “We have made a beta release and our solution will help to automate manual testing of apps. This will bring down both the cost and time in testing the apps. Usually, the solutions and tools are used by the cybersecurity professionals but our offering helps app developers to use them. This will allow the app release time. We provide a dashboard that will help developers use the bug tracking tool. And the management will be able the get to know and understand the whole cybersecurity health index with the needed insights and analytics.”

The bootstrapped startup is planning to raise $1 million. The funds will be used in developing the product, technology enhancements and market positioning. “We are looking for strategic investors who will also provide us the industry connect and mentorship besides bringing in capital,” he informed.

With a compounded annual growth rate (CAGR) of 30 per cent, the company plans steady growth in the coming years. The company’s revenues have gone up from $97,000 in 2016 to $330,000 in 2017. The domestic business accounted for two-thirds of its revenues while its overseas business accounted for the one-third in 2017 and the company expects to reverse the contribution ratio this year. It is aiming to clock $1 million business in 2018. The company plans to tap Europe and South Asia in the next 1-2 years and is eyeing for $5 million in revenues by 2019.

Indian market space

When asked about the adoption and demand for app security products and solutions in India, Rao explains, “India is not yet matured in this space. The way the insurance sector took time to evolve, cybersecurity is still evolving in the country. The growth is slow compared to other advanced markets. It is still difficult to convince chief financial officers why their companies should invest in cybersecurity.”

As of now, there is adoption seen more in e-commerce and new-age companies. Banking, Financial Services and Insurance (BFSI) remain the largest sector where there is a huge market in India, followed by healthcare and telecom.

“Startups are also a big market for us as the Indian startup ecosystem is evolving. We are targeting funded startups such as Lendingkart,” he added.

Tags: K Venu RaoVenu RaoWeSecureApp
Share62Tweet39Share11
Telangana Today

Telangana Today

Telangana Today is a registered English language newspaper in India. The paper aims to mainly focus on the politics and developments of Telangana state. The newspaper is owned by Telangana Publications Pvt. Ltd.

Related Posts

Hyderabad E-Mobility Week: KTR formally announces launch of start-up challenge
Information Technology

Hyderabad E-Mobility Week: KTR formally announces launch of start-up challenge

December 2, 2022
Hyderabad based startup develops voice-based smart mapping system
Startups

Hyderabad based startup develops voice-based smart mapping system

September 2, 2022
T-Hub, Hyderabad Angels join hands to support startups
Startups

T-Hub, Hyderabad Angels join hands to support startups

August 24, 2022
Event to connect venture capitalists, startups on August 18,19
Startups

Event to connect venture capitalists, startups on August 18,19

August 17, 2022
Telangana launches first of its kind insurance scheme for weavers
Business

Telangana launches first of its kind insurance scheme for weavers

August 8, 2022
Women Entrepreneurs Hub in Hyderabad: Nursing the dreams of tomorrow
Startups

Women Entrepreneurs Hub in Hyderabad: Nursing the dreams of tomorrow

April 6, 2021
Jayesh Ranjan Jayesh Ranjan
  • Trending
  • Comments
  • Latest
Jayesh Ranjan

Unveiling the Story behind Jayesh Ranjan

December 10, 2020
Abhinav-Ram-Reddy

Abhinav Ram Reddy – A Man on a Mission with laser-like Focus

December 9, 2020
“Exploring the Vibrant World of Hyderabad’s Numaish: An Insight into the All India Industrial Exhibition”

“Exploring the Vibrant World of Hyderabad’s Numaish: An Insight into the All India Industrial Exhibition”

February 9, 2023
Bristol Myers Squibb is planning to set up a facility in Hyderabad.

Bristol Myers Squibb is planning to set up a facility in Hyderabad.

February 23, 2023
Warner Bros. Discovery’s Hyderabad Capability Centre inaugurated

Warner Bros. Discovery’s Hyderabad Capability Centre inaugurated

September 22, 2023
Eurofins BioPharma Services campus opens in Hyderabad’s Genome Valley

Eurofins BioPharma Services campus opens in Hyderabad’s Genome Valley

September 22, 2023
CapitaLand launches International Tech Park in Hyderabad

CapitaLand launches International Tech Park in Hyderabad

September 22, 2023
Hyderabad: City top cop launches 1,000 manpacks worth Rs 10 cr

Hyderabad: City top cop launches 1,000 manpacks worth Rs 10 cr

September 16, 2023

Recent News

Warner Bros. Discovery’s Hyderabad Capability Centre inaugurated

Warner Bros. Discovery’s Hyderabad Capability Centre inaugurated

September 22, 2023
Eurofins BioPharma Services campus opens in Hyderabad’s Genome Valley

Eurofins BioPharma Services campus opens in Hyderabad’s Genome Valley

September 22, 2023
CapitaLand launches International Tech Park in Hyderabad

CapitaLand launches International Tech Park in Hyderabad

September 22, 2023
Hyderabad: City top cop launches 1,000 manpacks worth Rs 10 cr

Hyderabad: City top cop launches 1,000 manpacks worth Rs 10 cr

September 16, 2023
IIT – Hyderabad develops drone-based assessement system for buildings

IIT – Hyderabad develops drone-based assessement system for buildings

September 16, 2023

Categories

  • (CII) Telangana State Annual Meeting 2022-23
  • Aerospace
  • Agriculture
  • architectural
  • Art
  • Art & Culture
  • Artificial Intelligence
  • Asian Games
  • Astronomy
  • Automobile
  • Aviation
  • Awards
  • BioAsia
  • BioAsia 2023
  • Business
  • Collection
  • COVID-19
  • Cyber Security
  • Defence
  • Development
  • Diamonds of Hyderabad
  • Digital
  • Digital marketing
  • Diversity Inclusion
  • Economy
  • Education
  • Energy
  • Entertainment
  • entrepreneur
  • Events
  • Exclusives
  • Fashion
  • Festival
  • Finance
  • First drive-in theatre in Hyderabad
  • Food and Beverage
  • GHMC
  • Government
  • Healthcare
  • Heritage
  • Historian
  • Hospitality
  • Hyderabad
  • Hyderabad Black Hawks
  • Hyderabad Public School
  • India
  • India Industrial Exhibition
  • Information Technology
  • Infrastructure
  • IPLT20
  • IT Principal Secretary
  • Manufacturing
  • Markets
  • Music
  • News
  • Nizam
  • Numaish
  • Pharma
  • Poetry
  • police
  • Pre-Summer
  • Professor
  • Real Estate
  • Research
  • Sania Mirza
  • Science
  • Shilpakala Vedika
  • Social
  • Space
  • Sports
  • Startup Stories
  • Startups
  • SunRisers
  • Sustainable living
  • T-Hub
  • T-Works
  • Tank Bund
  • Tech
  • Top 10 in Hyderabad
  • Tourism
  • Transport
  • TSRTC
  • Uncategorized
  • Updates
  • Urban Forest Parks
  • Waste Management
  • Wells Fargo
  • World

Site Navigation

  • Home
  • Go Local
  • Contact Us
  • Privacy & Policy
  • About Us
Hyderabad Stories

Hyderabad Stories

We LOVE Hyderabad. We unveil untold stories, unsung pioneers, and unrecognized heroes of Hyderabad. Consume the best of the best and experience Hyderabad in its truest form.

Share your Story. Create an Impact. Join the Digital Revolution!

© 2023 Hyderabad Stories
Digital Partner - Infinity Reach
Ouroboros Digital Private Limited

No Result
View All Result
  • Home
  • About Us
  • People
    • Pioneers
    • Entrepreneurs
    • Bureaucrats
  • Companies
    • Startups
    • Enterprises
  • Top 10
  • Startup Stories
  • Gallery
    • Photo Gallery
    • Video Gallery
  • Contact Us

© 2023 Hyderabad Stories
Digital Partner - Infinity Reach
Ouroboros Digital Private Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist