“We go to MI fans and ask them, if they are interested to open up a shop or wanting to become an entrepreneur and we support them with infrastructure, advertising, laptop and an internet connection.” Manu Kumar Jain, Global VP and MD, Xiaomi India
Developed In India, For the World: How Far Have We Come & the Path Ahead
An unprecedent rise in early-stage deals shows that Indian start-ups have what it takes to make for the world, says Vaibhav Domkundwar, CEO, Better Capital. Ashish Sharma, MD & CEO, Innoven Capital India, confirms the availability of capital. How far have we come, and how much more to traverse, share panelists, Amrit Acharya, CEO & Co-founder, Zetwerk; Nikhil Kamath CoFounder & CIO, Zerodha & True Beacon with Ritu Marya, Editor-in-Chief, Entrepreneur India and APAC.
The way forward for MSMEs; Are they ready for global foray?
Opportunities available here, some are still mulling overseas foray Says Acharya, “So the role that Zetwerk plays is, how can we offer large volumes and the flexibility of a large supplier by working with lots of small suppliers.Our solution helps buyers digitally visit suppliers and select them, inspect their factory, check how good the supply is and help with remote project management.”
“The smaller SMEs on boarded with us, have seen a 20% rise in revenues.”
“We see a lot of new companies explore India for the first time. We see that it is a decade-long trend that is starting today where a lot of new supply-creation will happen. And the suppliers that adopt technology will lead.” Says Kamath, “We've been considering overseas foray for really long. Some of what has happened around the GiftCity, Gujarat has made it slightly simpler for incumbent businesses to sort of cater to a foreign audience. I would not be able to put a certain timeline on it, but the intention is to do that at some point of time.”
If the start-up ecosystem is ready for venture debt Vs equity, or both
Both go hand in hand, equity is needed to raise debt “So unless you have a business which is profitable from day one, chances are, you need to raise equity, to attract debt. It's never, one versus the other, both of them go hand in hand. We are seeing a few cases where companies are taking venture debt as a part of their overall acquisition finance package. Most founders are starting to look at venture debt, in addition to equity, which will remain the primary source of capital,” informs Sharma. Adds Domkundwar, “So I think the stage is set and like Ashish mentioned I think we have more capital. Public markets are at their all-time high and so money is going more easily. So I think this decade could be what we all have been waiting for.”
The prospects for Indian start-ups
Immense potential waiting to be explored Says Sharma, “India can become a powerhouse of software in 10 years.” Adds Acharya, “Manufacturing will move to Indiain a decade and SMEs that grow faster will be the ones adapting technology.” With the right talent and great teams, Indian start-ups are ready for take-off agreed the panellists in unison.
Vaibhav Domkundwar, CEO, Better Capital.
Ashish Sharma, MD & CEO, Innoven Capital India, confirms the availability of capital. How far have we come, and how much more to traverse, share panelists
Amrit Acharya, CEO & Co-founder, Zetwerk
Nikhil Kamath Co-Founder & CIO, Zerodha & True Beacon
Customers First or Revenue First: Let’s Talk Unit Economics
Ensuring profitable store economics and honest pricing Xiaomi, the third-largest smartphone maker in the world, the largest consumer IoT platform and one of the most innovative companies in the world is the only company making not more than 5% profit margin. As for its India business, it is the No.1 company with almost zero spending on marketing.
Manu Kumar Jain, Global VP and MD, Xiaomi India, shares the business strategies of his hugely successful India story with Ritu Marya, Editor-in-Chief, Entrepreneur India and APAC, at the Start-Up Awards 2021.
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Top 3 Cool Products of 2021
The year 2021 has seen several new integrations in terms of people’s lifestyle, the technology used, and much more. While lockdown and isolation have been stressful with the pandemic, we sure have developed a habit of ordering innovative and interesting products online and finding good use in something cool. Some cool products have surfaced in this duration, and you might want to get your hands on them.
What Does the SPAC Buzz Mean for Indian Startups
SPAC or Special Purpose Acquisition Company is fast becoming a preferred route for startups to list on the US bourses, but a tough regulatory landscape pose challenges After a failed attempt at an IPO and losing billions of dollars two years back, WeWork is finally going public again. Has the office-space sharing company’s finances changed for the better this time? Nobody knows. Instead, the company has taken a different route to reach the stock markets: SPACs.
TECH- LEADERSHIP SEARCH MAGICIAN
2021 is a year full of hopes for start-ups as they look to increase the revenue generation and try to keep their venture on an upward growth trajectory. 2020 was a year full of ups and downs. The lockdown proved to be an obstacle in the growth of these start-ups as the economy slumped and almost everything came to a standstill. After the upliftment of the restrictions and the lockdown itself, things started picking up pace again and there was rapid development for the start-ups not to forget, many new start-ups came to the fore. The start-ups got fresh funding and with those funding one of their main targets was to broaden the employee base and hire in key technology and leadership roles. Edtech, E-commerce, software-as-a-service (SaaS) and Fintech have gained significant scale and are on the lookout for talent who can initiate an even more aggressive growth model.
Think Like a Disruptor
If you want to shake things up, you must have a mindset that’s different from everyone else’s. Here are three ways to reshape your thinking.
WILL YOU WALK TO WORK?
With the outbreak of Covid-19, the ensuing security risks and administrative challenges of a largely remote working office culture have proven to be daunting to employees and organizations alike. Providing a solution to ease this, using coworking spaces and workspaces which allow users to book a place to work from near their homes is expected to see a rise. The Government norms around occupancy for private offices are not expected to become lenient any soon. However, industries such as Banking, Financial Services, Insurance and many more carry huge data security risks which cannot be secured by employees at their homes. This month at Entrepreneur, we analyze how well prepared are coworking spaces to provide COVID-safe and security-enabled spaces near homes, thereby providing the same atmosphere, amenities and cyber security that an entity would have given at its own facility. Will this be the new future of work?
A ‘SHOT IN THE ARM’ FOR INDIAN COMPANIES AND START-UPS
BETHENNY FRANKEL IS A TIME-MANAGEMENT MACHINE
She builds multimillion-dollar brands, stars in TV shows, and vigorously defends every moment of her day. The secret? It starts with deciding what matters (and what doesn’t).
THESE STARTUPS ARE PREVENTING INDIA'S RICH HANDICRAFT CULTURE FROM FADING AWAY
Startup community realised artisans typically are unaware of marketplaces and heavily rely on middlemen
From SMS Era to Internet Age, This Unicorn Helps Enterprises Build Strong Customer Relation
According to the founder Beerud Sheth, Gupshup at present serves more than 100,000 businesses and developers globally
How 1 Ex-Cognizantand 3 former ZOHO Employees Went On To Create A Unicorn
In April 2021, Chargebee raised $125 million in Series G round, almost tripling its valuation to $1.4 billion
Sometimes, an idea needs time to incubate until it’s ready to grow. That was the case with Sujata Massey’s series about Perveen Mistry, a woman attorney practicing in India during the 1920s.
THIRTEEN FASCINATING 4X4S from the2020 Fall 4-Wheel Jamboree Nationals
Recap of the 39th Annual O’Reilly Auto Parts Fall 4-Wheel Jamboree Nationals
Klara Landrat & Her Journey with Endometriosis
Klara Landrat is an American-Israeli actress of Polish origin, producer, a writer known for her talent worldwide. She is starring in the Irish TV series – “Gods & Fighting Men” due for release in 2021.
HER MAJESTY PEDDLING HOMEMADE HOOCH!
QUEEN ELIZABETH looks like a dowdy, straitlaced granny, but she’s turned into a heck of a bartender — serving up her own brands of homemade hooch!
The Winter of Discontent
Even though america is preparing for a summer reopening, the Coronavirus will still be around to dog us when the temperatures fall.
India thought it had the virus beat. The virus had other ideas
Governments around the world keep repeating the same mistakes. In a country of 1.4 billion, the consequences are on a whole new scale
Reincarnation And Realpolitik
China, India, and the U.S. are vying to influence the selection of the next Dalai Lama
An Exclusive Interview With Nandakumar Narasimhan
The Little Red Train
A Room for Dad
Before Mom passed, I made a promise to her