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The year gone was among the tougher ones for the Indian startup ecosystem in general. Many of the planned developments got delayed and the headlines were a mix of cost-cutting, restructuring and layoffs. Despite the prolonged funding winter, the wave of mass layoffs, Initial Public Offer call-offs, and major banks collapsing in global markets, many entrepreneurs in India stood strong. Not only have they survived, but these startups have taken great strides in making a large-scale impact and generating revenue.
BW Businessworld and BW Disrupt took a closer look at some of these young companies, which proved their ideas and business models, and took the right initiatives indicating that the road ahead will most likely see them becoming established large enterprises of tomorrow.
India’s Time Is Now
India’s startup ecosystem has seen consistent growth even in challenging times. According to a report by Statista, in the year 2022, around 19,000 startups were recognised by Department for Promotion of Industry and Internal Trade (DPIIT). India’s startups have been growing since 2016, with their numbers swelling to more than 92,000 as of March 2023.
Given the size of India’s consumer base, young entrepreneurs have been able to spot the whitespaces even in India’s best-regarded sectors, such as financial services, automotive, and more. The rise of technology-led solutions has assisted them in adding value not only to people’s lives but also to other sectors. BW Disrupt’s Young Entrepreneur and Enterprise Awards is an initiative to recognise and acknowledge the disruption done by startups in respective sectors.
هذه القصة مأخوذة من طبعة 20 May 2023 من Business World India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة 20 May 2023 من Business World India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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Powerful, Peculiar Perquisites
MOST COMPANIES recognise that people are key to their success. Competition is all about the war for talent. Higher compensations can, in many cases, attract that brilliant leader or the tech genius, but a competitor may well offer even more. This race is financially draining and not really a great strategy.
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Shaping The Future Of India's Infrastructure
RUPEN PATEL on the achievements of the engineering and construction major including the iconic projects rendered by it, nation building, focus on sustainable practices and much more
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WHY DON'T WE SUE BRITAIN?
I WAS WORKING ON my next column for BW – on one of my favourite themes like ‘Sustainability’, ‘Inclusivity’, ‘India Shining’ etc.
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LIFE AND TIMES OF A MEDIA TITAN
DD Purkayastha's autobiography captures his 42-year tryst with the ABP Group, delving into various aspects of his professional and personal experiences, as well as insights into the factors that have shaped his character and career trajectory
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THE SONET STRIKES BACK
The sub-4-metre SUV segment in India has been a battlefield for automakers, each vying for supremacy with their unique propositions. With the launch of 2024 Kia Sonet, the South Korean automaker is sharpening its edges in this competitive market
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SLEEK, SUBTLE, COMPACT AND EASY TO CARRY
The HP Omen Transcend 14 targets a niche market that is growing day by day. Statistically, never in history, was there a better time to launch a gaming laptop, says Deep Majumdar
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Geopolitical Resilience for Indian Companies
It's in crisis that inventiveness is born, as well as discoveries made and great strategies arise. He who overcomes crisis, overcomes himself, without getting overcome. - Albert Einstein
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The Sourav Ganguly Era
Lessons in Leadership from Indian Cricket - 2
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Leadership Challenges Were Not This Long, Before
LEADING IN TODAY’S dynamic environment presents unprecedented challenges. The list of challenges is never-ending. They include navigating complex decisions, staying resilient, inspiring teams, staying innovative, and continually adapting to the constantly changing ecosystem.
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The Supreme Court Emerges as a Net Zero Polestar
'Dharma exists for the welfare of all beings. Hence, that by which the welfare of all living beings is sustained, that for sure is dharma,' - Mahabharata (Shanti Parva 109.10)