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Mr. Rajat Singhania
Mr. Rajat Singhania

Achiever's Success Story

Mr. Rajat Singhania,Founder, HyLyt by SocioRAC

Rajat Singhania has been in business for 30 years with experience in different verticals. With in – depth experience in the tech space for 35 years,Rajat aims to solve the biggest problem all of us experience today – of saving, organizing, and managing information, the problem of data overload in today’s digital age.

 

While attending a meeting some information popped up on his mobile screen and he swiped it, thinking it’ll come back later. Once he reached the office, he tried to find it but couldn’t find it which got lost in all the information. In hindsight, the thought triggered and the door it opened was –there has to be a better way to manage the information which will work for people in this&other similar situations.  This is how the idea of HyLyt came in his entrepreneur journey in the year 2017. This startup journey has been a mixed bag of challenges& successes.

The biggest challenge has been to inform people & enterprises that they are facing this problem and his team actually have the solution to solve it. Creating awareness about this problem has been an arduous task.  It was difficult to make consumers believe in this tech product and how it can solve their problems. Once they converted into users, it’s a cakewalk but till then it is a huge challenge. Secondly, getting finance is also a challenge. Even though he has been in business for 30 years, but this problem is huge for a start – up like his.  As a result, currently, they are a bootstrapped start – up. Some recognitions received – Tie 50 SV finalist 2017 and 2018, Echelon Top 100 2017, Vibrant Gujarat Startup summit – best ICT initiative 2018.

This year, the road is quickly taking them towards their destination of huge growth and user acquisition. In five years,they hope to become a known name for Information Management.

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