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After he sold Hotmail to Microsoft for $400 million, Bhatia went on to start out two other consumer-facing companies but never remotely enjoyed the type of success that he had within his first outing. The a couple of companies, which he is still related to, are Arzoo. com and Jaxtr. Arzoo, in its second avatar now after it succumbed towards 2001 dotcom bust, is a travel portal. Jaxtr is into global calling and texting. So, the attempt at a non-consumer market through AMP is a first of its kind regarding Bhatia.
“The biggest leap was actually visiting clients as well as Neel (Neel Naicker, AMP Technologies’ cofounder and CEO) to recognise what their needs were. We built something for which eventually they would likely pay money, ” said Bhatia.
“In the individual space, you try to solve problems for yourself. ” He wasn’t looking for a non-consumer space consciously. He and Naicker were looking for properties to buy the united states after the financial crash regarding 2008. Despite looking at a great deal of properties across many cities, they couldn’t decide because information wasn’t readily obtainable. “So, we decided to build software that could educate buying decisions, ” states that Bhatia.
“We started collecting data like operating income, leases and expenses. We spoke to a large amount of property management firms to get inputs from their store. ” The process took four years. The broad idea behind AMP is that it pulls information from existing systems— via accounting systems to leasing operations systems—to create an easy-to-use platform to extract business intelligence.
“We give you a real-time indication on what’s going on with the real estate which you manage. ” Bhatia thinks of it as “a Dropbox for the true estate world where people can store files and collaborate” having an interface that’s more like of which of “Facebook, where you may chat”. There’s also a services team, which helps users adapt to the system. The immediate target for AMP would be the US market, where realty is really a $16-trillion industry.
AMP, where Bhatia could be the only investor, currently has 12 “large clients” (“they manage portfolios in tens of vast amounts of dollars each”). In the subsequent 2-3 years, it wants to possess 1, 000 people on their rolls, from just 100 at this point.
With Arzoo and Jaxtr, Bhatia continues to be excited. Arzoo is looking at resorts branding while Jaxtr has merely introduced a pre-paid SIM card for travellers getting into the US, which Bhatia calls a novelty in those areas. Yet, Bhatia knows that however still be only associated together with Hotmail unless he creates something bigger. “I am still psychologically attached with Hotmail. I still have a very Hotmail account, which I use forever, ” he says.
The revamp by Microsoft — the modern Outlook interface — is some thing he loves.
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