Glossary
MVP
Minimum Viable Product — the simplest version of a product that delivers enough value to attract early customers and generate learning.
By Amit Tyagi, Fitoor Capital · AletheiaAI Glossary
Definition
An MVP (Minimum Viable Product) is the simplest version of a product that delivers the core value proposition and generates real learning from actual users. The purpose is to test the riskiest assumptions about the business with minimum time and capital investment.
The MVP is misunderstood constantly. It's not a prototype, a beta, or a product with all non-essential features removed. It's a product that delivers the specific value that will attract paying customers or active users — stripped of everything that doesn't contribute to that value.
MVP success is measured not by what it does, but by what it proves. Did users pay? Did they come back? Did they tell others? These answers determine whether you've found the right problem-solution fit to justify building more.
India Context
India's development talent density and relatively lower engineering costs make MVP development cheaper than in most markets. A functional Indian B2B SaaS MVP can be built in 4–8 weeks for ₹3–10 lakh. This speed advantage means Indian founders should validate faster and iterate harder than founders in higher-cost markets.
Common Indian MVP mistake: over-building. Indian engineer-founders (IIT/NIT backgrounds) often spend 3–6 months building a polished product before talking to customers. The lean startup principle — validate before you build — is still underapplied in India's technical founder community.
Example
A legal SaaS founder wants to automate contract review. Instead of building AI infrastructure, they launch an MVP: a Google Form where lawyers submit contracts + a 24-hour turnaround with manual expert review. 30 customers pay ₹2,000 per contract. The founder proves willingness to pay, learns which contract types are most valuable, and identifies the automation opportunity — before writing a line of AI code.
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