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Indian American wins Wharton School award
Friday April 26, 2013 02:44:24 PM,
IANS
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New York: ZenKars, a
venture of an Indian American and his friend, won the 2013 Perlman
Prize at the 2013 Wharton Business Plan Competition.
Awarded by the Wharton School of the University of Pennsylvania,
the award also carries a cash prize of $30,000, according to a
statement issued out of Philadelphia.
Founded by the student team of Indian American Venkat Jonnala and
Jean-Mathieu Chabas, ZenKars is an online model connecting used
cars from corporate directly to consumers targeting a $600-billion
market.
"Their 'peaceful buying experience' for the buyer offers
competitive prices, detailed vehicle information, convenience and
warrantees," the statement said.
Jonnala and Chabas, both second year MBA students, met via
Facebook while looking for roommates in Philadelphia and soon
started floating entrepreneurial ideas and hit on ZenKars.
Their idea was accepted by DreamIt Ventures, which then gave them
additional seed-funding.
ZenKars also won the Committee's Choice Award.
The Venture Finals is the final event of the year-long Wharton
Business Plan Competition.
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