You have what I would classify as "minimal requirements" for your target schools, but standing out may be a challenge. You're coming in on the minimum in both work experience and GMAT and will be below the average in both categories compared to your applicant pool. You need to be thinking about how to position yourself to be memorable to the adcoms. The best way to do this is to tell your personal story. the more personal the story the less likely it will sound like the next guy. Certainly your UG institution as a top 10 will help you stand out but this is not as powerful as it is for US applicants. In other words, the adcoms will give you a nod for having gone to a good school, but this will only get you so far. Did you have success with the startups? Quantifying this success will help substantiate your candidacy since many folks have started companies, but few have actually succeeded. I think your strategy to pick a few reach schools and a few more which are out of the limelight will help boost your results. Of course re-taking the GMAT to achieve a higher verbal score would help. Schools will not like to hear that you did not have time to take it more than once. This might communicate to them that you are not managing your time well--a death knell for b-school.
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