The Power of Speech

Two young entrepreneurs create a tool that breaks language barriers and closes the digital divide.

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Two young entrepreneurs create a tool that breaks language barriers and closes the digital divide.

Umesh Sachdev was dejected and more than a little angry. This was 2007: He and his friend Ravi Saraogi had just presented an idea for their innovation, a tool that tracked mobile phones, to Dr Ashok Jhunjhunwala, a professor of electrical engineering at IIT Madras and head of the Rural Technology and Business Incubator (RTBI). Instead of an excellent review, what they got were ruthless remarks-their venture was not going anywhere, he had told them bluntly. What was most frustrating was he had broken it down, step-by-step. And his logic was irrefutable.

Today, Sachdev, 31, and Saraogi, 34, run Uniphore-meaning universe-a company built around speech recognition and its analysis, with over 70 enterprise customers and products that have touched the lives of over four million end users. Last year, Time magazine named Sachdev as one of the Next Generation Leaders who are changing the world.

Their beginning, as we know, was unremarkable. The two friends-graduate engineers  from Delhi's Jaypee Institute of Information Technology-returned to base after their ruinous meeting with Jhunjhunwala. "We were disheartened at first: We've been working on this idea for two years, you've met us for the first time and so briefly, and all you do is reject the idea outright!" Over the next few weeks, they stewed over that first meeting, admitting, with great reluctance, that Jhunjhunwala was right after all. Sachdev and Saraogi contacted him once again, this time to dig deeper and seek mentoring. They were not going to give up on the idea of entrepreneurship so easily.

It helped too that the two did not have to look beyond their homes for role models-Saraogi came from a family of entrepreneurs. Sachdev's father and sister were corporate professionals. "Our families were encouraging and that helped us follow our dream. We wanted to do something unique and build something big," recalls Sachdev.

They went back and forth over the next few months, bounci...

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