Browsing: Sonpreet Bhatia

In our virtual world anyone can become an instant expert on any city – thanks to MyCityWay, an innovative mobile app designed by the team of Archana Patchirajan, Puneet Mehta and Sonpreet Bhatia, three immigrants from India who’ve made New York home and achieved the American Dream.

MyCityWay just raised $ 5 million in financing from BMW i Ventures, FirstMark Capital and IA Ventures and you may see this app in BMW cars in the future. This little app, which can be downloaded free on your mobile and offers you a comprehensive grid of the city, is currently available in 40 cities and the plan is to bring it to 40 more.

Archana Patchirajan, Puneet Mehta and Sonpreet Bhatia, the three entrepreneurs behind MyCityWay really seem to be on a roll – they’ve just managed to raise $ 5 million in financing from BMW i Ventures, First Mark Capital and IA Ventures. Yes, you may be seeing the innovative MyCityWay app in BMW cars in New York in the future!

Mobile services are very much on auto-makers minds and the BMW Group has founded BMW i Ventures — a New York-based venture capital to provide early- and mid-stage investments in the area of Mobility Services, and MyCityWay is the beneficiary.

Thousands tread the crowded pavements of Times Square, surrounded by the glittering, psychedelic signage which includes the world-famous NASDAQ billboard.

New York City is certainly the place where wild dreams can come true. As Archana Patchirajan, a fairly new transplant from India, recalls, “Exactly 5 months back the three of us were walking in Times Square and said to each other, ‘We will be on the NASDAQ billboard one day!’ – and here we are!” And this dream did come true.

Goodbye, Wall Street. Hello, Start-Up! The world is a-changing, the economic landscape is re-aligning. No doubt about it. In the days of the economic downturn, Wall Street had been handing out pink slips to workers – now you have three workers who have given Wall Street the pink slip!

Puneet Mehta was a SVP with Citi Capital Markets, Archana Patchirajan was a senior consultant with the same company; and Sonpreet Bhatia was a vice president at Merrill Lynch/Bank of America.

Now why would people throw up hard-to-get, prestigious jobs in the financial sector and go off into the unknown? They’ve heard the siren song of ‘entrepreneurship’ and their grand dream is being funded by venture capital and endorsed by none less than Mayor Bloomberg!

Want to know where you can get WiFi connection in Manhattan? Confused by the labyrinth of subway connections? Or just hungry for a great meal? Now, thanks to a team of Indian IT professionals, you can have all that information at your finger tips on your iPhone – and it’s free.

NYC Way is the name of this neat application and it’s got Mayor Bloomberg’s seal of approval. It got an honorable mention for the App of the Year but also won the Public Choice Grand Prize and the Investors’ Choice Award in the NYC Big Apps competition