Indian startups to scale faster in coming years- panelists at India Global Week

Private equity industry expert panelists at the India Global Week 2020 talk about the startup ecosystem and its rise to the top in the coming years.

The startup ecosystem in our country has expanded at a rapid pace since the startup wave that started back in 2014. According to private equity industry executives, the coming years might see a rise in scaling up of such startups with more unicorns emerging from the Indian ecosystem. 

It was reported that Rajan Anandan, Managing Director at Sequoia Capital India, remarked that the startup ecosystem had witnessed a large growth in terms of both the no. of startups emerging, as well as the rise in investment and emerging unicorns.  

Anandan, while speaking at the India Global Week 2020 (1), stated that many such factors has led to an extremely vibrant early-stage venture ecosystem. He added that five years from now, they expected to go from 30 to 100 unicorns, and by 2030, the entire startup ecosystem would witness ten times growth. 

Startups need more ‘surgical approach’

Advisor at Venture Highway and a former Google executive, Shailesh Rao, noted that Indian startups would need to think about scaling their venture as India is already considered a ‘natural leader of emerging markets’ would serve as a great opportunity for them. 

Rao added that startups would need more ‘surgical approach’ or in-depth research-oriented approach to markets.

The India Global Week2020 is a three-day virtual conference organized by India Inc in London, UK that whose inaugural session was addressed by Prime Minister Narendra Modi. This year the theme of India Global Week was ‘Be The Revival: India and a Better New World’, and the main objective for the conference served as a chance to explore business, strategic and cultural opportunities. It also aims to understand the challenges and make informed decisions as the world looks ahead to a better & brighter future beyond Covid-19.

The panel was asked about the industry or area that was expected to grow faster, the response leaned towards startups that focused on areas like enterprise software and health-tech. 

 Nikhil Srivastava, PAG Asia Capital Managing Director & Head of India Private Equity, said that multiple factors would continue to position our country India as a magnetic destination for foreign investors.  

Srivastava added, “Investors are focused on political stability, the current government has pushed through important economic reforms and continues to do so. Secondly, India is the third-largest economy in the world in terms of purchasing power parity, so it’s a pretty large addressable, and the third point is young demographics with a large middle class and spending power.”

+ posts

A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

Disclaimer: The views, thoughts, and opinions expressed in the article have been curated for our audience and does not warrant a 100% accuracy. All the information mentioned in the article is subject to change according to the changing viewpoints. Feel free to reach us at [email protected] for any change or copyright issues.

Note: If you buy something via a link on this page, we might earn a small commission on it.

Saumya Uniyal
Saumya Uniyal
A passionate writer with bachelor’s in the field of English & Journalism. Other than being a bibliophile, some of her hobbies are travelling, photography and poetry.

Leave A Reply

Please enter your comment!
Please enter your name here

related stories

Most recently, WhitehatJr has been receiving flak for unethical practices and is now under the scanner against its competitors.

WhiteHat Jr codes Censorship more than Learning?

Is Coding tough? How has Coding changed the world, and why? Kids at the mere age of eight are exposed to the harsh world...

Flipkart Bags 7.8% Stake in Aditya Birla Fashion for 203M USD

On Friday, Aditya Birla Fashion and Retail Limited, or ABFRL, announced that it had scooped 1,500 Crore INR or approximately 203 million USD from...

Shuttl Tests for International Market, to Launch in Thailand

Mobility businesses across the world received severe impact due to the ongoing COVID-19 pandemic. Shuttl (1), a Gurugram-based startup for office commute and Ola,...

Cashfree in Talks to Bag 25M USD in a Fresh Funding Round

The payment gateway startup, Cashfree (1), talks with new and existing investors to secure 20 to 25 million USD. If successful, it would be...
Pocket FM

Pocket FM Secues 41 Crore INR in Series A Fundraise

Pocket FM (1), vernacular audiobooks, and podcast marketplace received 23.41 crore INR from Tencent Cloud BV in its recent fundraise. Moreover, it also secured...
Ever since the initial launch of the popular game PUBG was introduced in India, the game has garnered over a million players in the last 5 years.

The return of the prodigal son: PUBG

PlayerUnknown’s Battleground (1) or commonly referred to as PUBG is a multiplayer/single-player online game that was introduced to the world on December 20, 2017....

EzeRx Secures 1.75 Crore in Seed Funding Round

EzeRx (1), a Medtech startup based in Kolkata, recently announced that it had secured a seed funding round of 1.75 crore INR. KIIT-TBI, an...

Dream11 Bags Another Fantasy Sports Startup

Dream Sports, the parent entity of fantasy sports platform and the title sponsor of IPL 2020, Dream11 (1) has acquired AI-based fantasy sports startup...
Enable Notifications    Ok No thanks