After retiring from Infosys in 2014, S.D Shibulal, ex-CEO and Managing Director, Infosys, started Axilor Ventures, VC seed fund that helps young entrepreneurs on funding and scaling their business, with Kris Gopalakrishnan. Axilor is focussed on deeptech companies, some of which seek to bridge the demand-supply gap for advanced health treatments. In an online conversation with Ritu Marya, Editor in-Chief, Entrepreneur, APAC, Shibulal talks about the changing business environment, the scope of technology and the values and legacy an entrepreneur should create.
R: In this age of digitisation and transformation, what is your advice to young future entrepreneurs?
S: I think there are a wide set of opportunities available today. One of my passionate areas is healthcare. Healthcare in India and the world over is a terrible problem. In India, it is unaffordable, inaccessible; 70% of the doctors are in the urban areas and 70% people live in rural areas. So affordability and accessibility is a huge problem. Another area of opportunity is education. Because, education has not been very tech-savvy and implementation of technology has been poor. However, with Covid-19, that resistance has subsided. Adoption, the acceptance of technology in education has tremendously leapfrogged in the last six months. Another space is agriculture in India. The use of technology in agriculture is poor, whether it is increasing productivity, reducing cost of delivery, aggregating various areas of agriculture, I see huge scope. Also, I think if we look into agriculture products, a huge area of interest would be traceability. End-to-end technologies required to create traceability of food materials. A lot of innovation is happening in the SMB space, there is not a place where lot of technology and digitalisation has happened over the years. Logistics is another area of transformation, the operations of which are still not truly digital.
R: If you were to start one business in technology, what would it be and why?
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