StartupTalky

Tag: National Startup Day

  • National Startup Day 2025: Insights from Founders on How AI is Shaping the Future of India’s Startup Ecosystem

    National Startup Day, celebrated on January 16th in India, is a day to honour the growth and success of the country’s startup ecosystem. Since the launch of ‘Startup India’ in 2016, the number of DPIIT-recognised startups has grown from around 500 to over 1,59,157 as of January 2025. This makes India the third-largest startup hub in the world. The theme for this year, “Let’s shape the future together—one innovative idea at a time,” reflects the spirit of collaboration driving the country’s entrepreneurs. 

    In the spirit of this occasion, StartupTalky connected with various founders and industry experts to gather their views on one of the hottest topics these days—AI. AI has been a major conversation point in industries across the globe. We asked founders about its growing impact and how their businesses are adapting to it. Many shared how AI will reshape their sectors in the next few years. They also spoke about how their startups are embracing AI and driving innovation.

    Let’s see what they have to say.

    AI Revolutionising Healthcare Financing and Patient Care

    Vikrant Agrawal, Co-Founder of Care.fi, highlighted how AI is set to revolutionize healthcare financing over the next three years by automating complex processes, enhancing decision-making, and improving resource efficiency. Key advancements will likely include predictive analytics for financial risk management, real-time revenue insights, and fully integrated systems for patient care.

    Care.fi is already at the forefront of this transformation. Our AI-powered RCM platform, RevNow, exemplifies how automation can streamline insurance claims processes, reduce claim rejections, and ensure real-time cash flow reconciliation. By automating tedious tasks, hospitals can focus more on patient care and less on administrative burdens.

    Sahil Lakshmanan, Chief Business Officer of CarePal Money, emphasised that AI is redefining healthcare financing by simplifying application processes, enhancing decision-making, and fostering financial inclusion. It enables one-click loan applications, real-time document verification through digital integration (e.g., Aadhaar and PAN via India Stack), and instant approvals powered by data-driven algorithms. Patients benefit from tailored solutions as AI adapts credit scoring to non-traditional factors like medical emergencies and irregular income streams.

    CarePal Money leads this transformation by leveraging AI for custom risk profiling, smart recommendations, and 24/7 real-time assistance through virtual assistants. AI-driven multilingual interfaces and region-specific options ensure accessibility for underserved communities. By aligning financing options with patient needs and streamlining hospital interactions, we create a more inclusive and efficient healthcare ecosystem powered by AI.

    Karan Arora, Co-Founder of One Health Assist, pointed out that AI will run two parallel tracks at One Health Assist—helping doctors understand patient history in detail and providing consumers with AI-driven care solutions that improve risk detection and focus on prevention. He said, “We aim to offer personalized care solutions that respond to users’ health changes, promoting lasting wellness. As AI develops, we plan to keep up by including new technologies that improve participation and results, making preventive healthcare easier to access and more accurate for all.”

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    AI Reshaping Anti-Counterfeiting Technologies

    Padmakumar Nair, CEO and Founder of Ennoventure Inc., highlighted that AI is set to restructure anti-counterfeiting. In the next 3 years, we anticipate AI enhancing our encryption algorithms, making them even more robust and secure against sophisticated counterfeiters. Advanced machine learning techniques will play a crucial role in identifying subtle patterns and anomalies associated with counterfeit products. Ennoventure’s focus lies in leveraging AI to improve the accuracy and speed of authentication, enhance data analytics and predict potential counterfeiting threats proactively.

    Transforming HRMS with AI

    Sayeed Anjum, Co-Founder and CTO of greytHR, discussed how AI is transforming the HRMS industry by reshaping talent management, employee engagement, and operational efficiency. It enables hyper-personalized experiences by intuitively adapting to individual needs while automating routine tasks and leveraging analytics for data-driven decisions.

    Anjum said, “At greytHR, we’ve already integrated AI into our full-suite HRMS solution, which manages the entire employee lifecycle. Here are our most widely used AI-enabled features:

    • An AI-powered chatbot that streamlines employee query resolution and is already being used by lakhs of users.
    • AI-driven recommendations to enhance employee engagement and improve the feedback processes.”

    Empowering Automation with AI

    Neerja Kumar, Co-Founder and COO of Enalytix, discussed how AI will drive deeper automation, predictive insights, and smarter decision-making. Advancements in machine learning, computer vision, and natural language processing will allow businesses to unlock new efficiencies, improve personalization, and enhance operational agility.

    “At Enalytix, we are at the forefront of this evolution, developing new AI architectures and models that leverage both Edge AI and cloud technologies. This approach enables real-time insights without relying on constant internet connectivity—ideal for the Indian market and other similar regions. Our hardware-agnostic solutions and ability to install remotely provide scalability, making it easier for businesses to harness the power of AI across diverse environments,” said Kumar.

    National Startup Day: Experts on How Govt Policies Can Empower India’s Startups
    On this National Startup Day, industry experts suggest changes and implementations in government policies to support startups and drive growth in their respective industries.
    StartupTalkyMuskaan Kapoor

    AI Shaping the Future of Enterprise

    Animesh Samuel, Co-Founder and CEO of E42.ai, spoke about how AI is set to redefine enterprise automation, with agentic AI following a similar path to the mainstream success of generative AI. While generative AI has transformed industries by solving problems creatively and producing new content, agentic AI is poised to take automation to the next level by enabling systems to act autonomously and make informed decisions. This evolution will empower businesses to shift from reactive to proactive automation creating smarter, self-directed workflows.

    At the heart of this transformation is E42, enabling enterprises to seamlessly adopt scalable, no-code AI co-workers that integrate intelligence into workflows, paving the way for operational excellence.

    Revolutionising Music Licensing

    Gaurav Dagaonkar, Co-founder & CEO of Hoopr shared that AI is shaking things up in music licensing! Soon, we’ll see AI streamlining things like contracts and royalty tracking, making the whole process smoother. Imagine AI suggesting the perfect song for your project – that’s happening too!

    “At Hoopr, we’re embracing this change. We’re building AI tools to help our users find the right music faster, and we’re streamlining our own licensing process with AI. We’re also using AI to understand our users better and improve their experience. Basically, we’re using AI to make music licensing easier and more efficient for everyone involved,” said Dagaonkar.

    AI Transforming the Lending Sector

    Eklavya Gupta, Co-Founder and CEO of Recur Club, discussed how AI is transforming the lending sector. He highlighted, ” Lending is one of the oldest industries, and I believe AI will accelerate it at an unprecedented pace. India remains a highly underserved market for credit, and AI will help build the technology infrastructure needed to cater to the unique credit requirements of diverse business models.

    We’ve worked hard to rethink our internal processes using AI, and we’ve already seen significant efficiency improvements in data collection and underwriting. AI equips us with the intelligence to stay ahead of evolving business models, while for our customers, it unlocks faster access to more tailored credit solutions.”

    Advancing Electric Vehicles with AI

    Nemin Vora, Founder and CEO of Odysse Electric Vehicles, discussed the potential of AI to drive advancements in EV performance, predictive maintenance, smart manufacturing, and customer support.

    In the next three years, Artificial Intelligence (AI) will have a transformative impact on the electric vehicle (EV) industry, driving significant advancements across multiple areas. For end customers, AI will enhance Vehicle Performance and Efficiency along with Predictive Maintenance and Diagnostics, offering a more comfortable, efficient, and safer driving experience while enabling optimal use of their EVs.

    From a manufacturing perspective, AI will play a pivotal role in Smart Manufacturing and Supply Chain Optimization, allowing for more efficient production processes, improved quality & cost control, and faster delivery. Additionally, AI-driven After-Sales Customer Support features will streamline service processes, improving customer satisfaction and fostering long-term brand loyalty.

    Together, these innovations will make electric vehicles a more attractive and seamless choice for consumers, positioning AI as a key driver in the widespread adoption of EVs in the coming years.

    “We view AI as a key enabler in our strategy to accelerate the adoption of electric mobility, and we are focused on leveraging this technology to deliver innovative products, improve sustainability, and enhance the overall customer experience,” said Vora.

    AI Enhancing Language Learning

    Arpit Mittal, Founder and CEO of SpeakX, shared, “AI is already reshaping education, but we are just scratching the surface. In the next three years, I see it becoming a personal coach for every learner—offering immersive, real-time feedback that feels almost human. At SpeakX, we are driving this shift by combining AI with human insight to create tools that are not only smarter but also more empathetic. Whether it’s practicing for a job interview or perfecting pronunciation, we’re committed to making language learning more accessible, faster, and even enjoyable.”

    AI’s Role in Edu-Fintech Industry

    Rohit Gajbhiye, Founder and MD of LEO1 highlighted that AI will revolutionize the edu-fintech industry in the next three years by automating processes, enabling personalized financial solutions, and enhancing institutional efficiency. It will empower educational institutions with predictive analytics for cash flow and fee management while offering parents tailored payment plans and spending insights.

    “At LEO1, we are integrating AI to provide real-time tracking, personalized rewards, and advanced financial literacy tools, ensuring smarter financial management for families and institutions. By driving this innovation, we are shaping a more efficient, transparent, and accessible education ecosystem.” said Gajbhiye.

    Apparel Sourcing with AI

    Abhishek Dua, CEO and Co-Founder of Showroom B2B talked about how AI is set to disrupt the apparel sourcing industry over the next three years, reshaping it with advanced automation, predictive analytics, and real-time decision-making capabilities. By leveraging machine learning algorithms and big data, AI will revolutionize demand forecasting, analyzing historical trends, sales patterns, and external market factors to optimize inventory and production cycles, reducing inefficiencies like overproduction and stockouts.

    Dua shared, “At Showroom B2B, we are embedding these advanced technologies into our ecosystem. Our advanced supply chain management platform utilizes AI-driven forecasting and intelligent automation to streamline operations, while our data-driven partner allocation strategy ensures optimal supplier matching based on capacity, compliance, and historical performance. Moreover, our AI-powered predictive analytics will enhance supply chain visibility, providing real-time insights into production, compliance, and logistics, enabling proactive interventions and optimized resource allocation.”

    The Future of Cloud Security and AI

    Saurabh Bhardwaj, CEO of VergeCloud, discussed how AI will transform CDN, cybersecurity, and edge computing, enabling real-time decision-making, predictive threat detection, and hyper-personalized experiences. This evolution creates opportunities for entrepreneurs to address challenges like latency and cyber-resilience, fostering scalable, AI-driven solutions. VergeCloud remains a catalyst, empowering startups to shape India’s digital future and drive global innovation.

    Personalising Retail with AI

    Varun Tangri, Founder and CEO of QueueBuster, highlighted that in the next three years, artificial intelligence will disrupt sectors by increasing customer convenience and personalisation. AI-powered CRM connected with Android POS systems will transform retail customer interactions by allowing for real-time, personalised suggestions based on transaction history and preferences. This system enhances product discovery, boosts conversion rates, and lowers customer turnover through quick interventions and customised incentives.

    Furthermore, AI integration decreases operational costs by automating procedures, optimising stock management, and anticipating customer flow to optimise manpower. Businesses that use AI gain a competitive advantage, boost customer loyalty, and increase ROI through data-driven initiatives and seamless customer experiences.

    AI Empowering Blue-Collar Industries

    Nilesh Dungarwal, Co-Founder and CEO of WorkIndia, shared how AI will empower blue-collar industries by automating tasks in manufacturing, logistics, and construction, while also creating new opportunities through upskilling.

    Dungarwal said, “Artificial Intelligence (AI) will significantly influence blue-collar industries by automating tasks in sectors like manufacturing, logistics, and construction. While this may lead to job displacement in some areas, it also presents opportunities for increased productivity and the creation of new roles. Upskilling and reskilling the workforce will be crucial to prepare workers for AI-driven changes.

    Our startup is actively propagating skill development programs that empower workers to adapt to technological advancements. By equipping individuals with skills that complement AI, we aim for a future where innovation and meaningful livelihoods coexist seamlessly.”

    National Startup Day: Founders Share Key Advice for Aspiring Entrepreneurs
    This National Startup Day, founders share the one piece of advice they wish they had when starting their journeys and offer valuable insights for aspiring entrepreneurs.
    StartupTalkyMuskaan Kapoor

  • National Startup Day: Founders Reflect and Share the One Piece of Advice They Wish They Had When Starting Out

    January 16 is observed as National Startup Day in India, celebrating the country’s growing startup scene and its role in boosting the economy and innovation. It’s a day to recognise the hard work of entrepreneurs and the challenges they face while building businesses that make a difference.

    From innovations like UPI to solving everyday problems, Indian startups are changing many industries. On this special day, StartupTalky asked some of India’s amazing entrepreneurs and business leaders to share the one piece of advice they wish they had when starting their journeys.

    Their candid insights and experiences offer valuable lessons for anyone thinking of starting a business. Here’s what they had to say.

    Viraj Bahl, Founder and Managing Director of VRB Consumer Products (Veeba)

    For me, the most profound lesson has been that success doesn’t come from chasing trends but from execution and staying true to your vision. On Indian Startup Day, I salute every founder who’s dared to take that first leap of faith. Together, we’re shaping not just companies but the future of a nation.

    From pioneering fintech innovations like UPI, which revolutionized digital payments globally, to building frugal solutions that empower underserved markets, Indian startups are showcasing how resourcefulness can drive transformation. This isn’t just about growth; it’s about creating impact for change. On Indian Startup Day, we celebrate the vision and resilience of entrepreneurs shaping a new global narrative from India.

    Ankit Anand, Founding Partner at Riceberg Ventures

    Founding and running a startup is inherently challenging and high-risk. Everything often takes longer than anticipated. The paradox is that if we truly understood how tough and time-consuming it would be, we might never start.

    Given these challenges, the only way to sustain this journey is to pursue something we are deeply passionate about—something we would gladly dedicate our lives to, even without immediate rewards or incentives. While the media highlights quick successes and rapid growth, it often overlooks the relentless hustle and perseverance that happen behind the scenes.

    However, the most important thing to remember is that, even though it’s incredibly hard, the journey is undoubtedly worth it. The impact we create, the lessons we learn, and the growth we experience make it one of the most fun and fulfilling paths we can take.

    Looking back, one piece of advice I wish I had when starting is the importance of building strategic partnerships early. From the outset, collaborating with industry leaders like we did with ExxonMobil in 1999 played a pivotal role in our growth. These partnerships provided access to world-class technology, global best practices, and expanded market reach. For aspiring entrepreneurs today, forming strong relationships with key players and seeking collaborations can open doors to new opportunities, resources, and credibility. It’s not just about innovation but also about leveraging external expertise and networks to accelerate success in a competitive market.

    National Startup Day: Experts on How Govt Policies Can Empower India’s Startups
    On this National Startup Day, industry experts suggest changes and implementations in government policies to support startups and drive growth in their respective industries.
    StartupTalkyMuskaan Kapoor

    Animesh Samuel, Co-Founder and CEO of E42.ai

    Focus equally on technology and market alignment. Initially, E42 concentrated heavily on tech innovation but realized the importance of building a partner and client ecosystem early on. For aspiring entrepreneurs, this highlights the need to balance product development with creating a robust go-to-market strategy, ensuring scalability and sustained growth while adapting to dynamic market needs.

    Srinivas Shekar, Co-Founder and CEO, Pantherun Technologies

    One piece of advice I wish I had when starting out is to embrace uncertainty and focus on adaptability. As an entrepreneur, things rarely go as planned, and being flexible in your approach can turn unexpected challenges into opportunities. It’s important to keep an open mind, learn from setbacks, and never lose sight of what customers need.

    I also realized the value of building a strong support network early on. Surrounding yourself with mentors, peers, and team members who share your vision can provide valuable insights and encouragement when times get tough.

    For aspiring entrepreneurs, understanding that the journey will be unpredictable but rewarding is key. Stay resilient, seek advice, and remember that success is built on learning and evolving every step of the way.

    Gaurav Dagaonkar, Co-founder & CEO of Hoopr

    If I could go back and give my younger entrepreneurial self one piece of advice, it would be: “Focus relentlessly on building genuine, long-term relationships with your customers.” In the early days, it’s easy to get caught up in chasing growth and hitting targets. However, over time I have realised that building a strong foundation of trust and loyalty with your customers is far more valuable in the long run. This advice is more relevant than ever in today’s hyper-competitive business landscape where loyalty cannot be taken for granted.

    My second advice would be to build a driven and like-minded leadership early on so that scale and growth become compounded in the first 3-5 years of your business.

    Nemin Vora, Founder and CEO of Odysse Electric Vehicles

    Looking back, one piece of advice I wish I had when starting out is to focus more on building a strong and adaptable network and team from the very beginning. While having a clear vision and a great product is crucial, having access to a diverse group of mentors, industry experts, and potential partners can provide invaluable insights, open doors to new opportunities, and help navigate the inevitable challenges that arise.

    For aspiring entrepreneurs today, I would emphasize the importance of surrounding yourself with people who bring different perspectives, skills, and experiences. This network can help you anticipate market shifts, provide constructive feedback, and offer support during tough times. Collaboration and knowledge-sharing are powerful tools for growth, especially in an evolving industry like ours. Building these relationships early on can significantly accelerate both personal and business growth.

    Arpit Mittal, Founder and CEO of SpeakX

    Early on, I spent too much time trying to perfect every detail before launching. What I have learned is that feedback from users is invaluable—real-world input often highlights areas you might not have considered. For anyone starting out, focus on solving a genuine problem, create a functional solution, and improve as you go. The goal is not to have everything perfect on day one but to keep evolving based on what your audience truly needs.

    Reshbha Munjal, Co-Founder of KorinMi

    If I could go back, one piece of advice I’d give myself is to, above all, have unwavering conviction in yourself and your idea. You need to believe it’s right, even when others don’t. Confidence in your vision is key, and it’s essential to identify the gaps in the market that your product is filling. Success comes not just from having a great product, idea, or service, but from addressing a real need. As an entrepreneur, focus on the value you’re providing and the problems you’re solving. When you’re fulfilling a need, everything else falls into place.

    Abhishek Dua, CEO and Co-Founder of Showroom B2B

    One key piece of advice for aspiring entrepreneurs is to stay laser-focused on solving a clear and specific problem. Success often stems from understanding your target audience deeply and addressing their needs with precision and efficiency. Leverage data and insights to guide decisions, remain agile to changing trends and execute your vision with strategic intent.

    By building solutions that directly tackle the pain points of your industry, you can establish a strong foundation and deliver real value. Building trust with stakeholders and delivering consistent value will position your business for sustainable growth.

    Varun Tangri, Founder and CEO of QueueBuster

    One piece of advice I wish I had when starting out is the importance of resilience. Entrepreneurship is a journey filled with challenges, and staying resilient in the face of setbacks is crucial for long-term success. Additionally, being active on social media and regularly talking about your products can help build visibility and engage with your audience directly. Remember, you are not just a custodian of your startup but also its biggest and most reliable brand ambassador. Staying connected with customers is equally important—while founders often engage with customers early on, this connection tends to fade as businesses scale. However, understanding their needs and feedback allows for continuous product evolution, ensuring better service and fostering business growth.

    Padmakumar Nair, CEO and Founder of Ennoventure Inc.

    Looking back, I wish I had prioritised early collaboration and stakeholder engagement. We faced challenges educating the market about our technology and struggled to gain traction. Building strong partnerships with brands and manufacturers from the outset would have accelerated adoption.

    For aspiring entrepreneurs, I emphasize the importance of deep customer engagement. Understand their needs firsthand, involve them in the development process, and build a community around your solution. This collaborative approach fosters trust and ensures your solution truly addresses their challenges.

    Vikrant Agrawal, Co-Founder of Care.fi

    A piece of advice that would have been invaluable at the outset is: Start with a deep focus on understanding your target audience’s pain points. While it’s tempting to dive into product development, success often hinges on how well you align your solutions with the real-world challenges of your audience.

    For aspiring entrepreneurs, particularly in niche sectors like healthcare fintech, it’s critical to prioritize empathy-driven innovation. Engaging directly with stakeholders provides insights that can refine your offerings.

    Karan Arora, Co-Founder of One Health Assist

    An important learning experience was the need to be always flexible and adaptive to changes, considering the quick evolution in industries like healthcare. Adjusting one’s business model based on new insights or shifts in the marketplace is highly critical for any corporate setup. It is clearly evident that, as any new business owner should, what one develops with adaptability and continuous learning allows one to respond sensibly to hurdles and situate oneself ahead of trends in the field of sustainable long-term growth in dynamic and rapidly changing environments.

    Rahul Nainani, CEO and Co-Founder of ReCircle 

    A key piece of advice is the importance of unwavering focus. Early on, it’s tempting to chase every opportunity and try multiple ideas, but this can dilute efforts and distract from your core mission. While experimentation and learning from mistakes are vital, staying aligned with your original vision is crucial for long-term success. Saying “no” to distractions, especially as new trends and opportunities arise, is essential for building a strong, sustainable foundation. In a noisy startup ecosystem, focus helps prioritize resources, maintain clarity, and drive consistent growth.

    Nilesh Dungarwal, Co-founder and CEO of WorkIndia

    Bet on yourself unapologetically, while staying grounded.If I could go back, this would be my advice to younger me. Confidence gets you started, but perseverance and humility keep you going. You don’t need all the answers, upfront learning on the go is important. Every obstacle teaches, and every mistake shapes growth. Stay open, listen, and evolve. Betting on yourself means trusting you’ll figure it out, even when uncertain. Progress matters more than perfection. For anyone starting out: take bold risks, be humble, embrace lessons from setbacks, and keep pushing forward. That’s the journey from ambition to achievement.

    Tapan Barman, Co-founder and CEO, Mihup

    One piece of advice I wish I had received is: The key to success lies in understanding your users deeply and building for them, not for trends.

    When starting Mihup, we initially focused on what we believed the market wanted. Over time, we learned the importance of listening closely to our customers and fine-tuning our conversation intelligence platform to address real-world challenges, such as enabling natural voice communication for multilingual and tech-phobic users. This shift was instrumental in making Mihup a trusted partner for enterprises today.

    For aspiring entrepreneurs, the takeaway is clear: build solutions that address specific pain points and resonate with your target audience. Invest in user research, iterate relentlessly based on feedback, and create a strong team that believes in the mission. With these pillars, you can create impactful and sustainable innovations that stand the test of time.

    Anshul Jain, Co-founder and CTO of Roadcast

    When starting out, it’s easy to get caught up in chasing multiple opportunities or trying to create a product that does everything. This can dilute your efforts and slow your progress. I wish someone had emphasised the importance of laser-focusing on a single, well-defined problem and solving it better than anyone else. For aspiring entrepreneurs, my advice would be: “Focus on solving one clear problem exceptionally well before expanding your vision.” By honing in on solving one problem with excellence, you’ll build a strong foundation for success and be in a much better position to scale.

    Eklavya Gupta, Co-Founder and CEO of Recur Club

    It has to be the focus. As a startup, you have limited resources and time, so it’s crucial to identify what truly matters and excel at it. It’s better to do one thing extremely well than to do ten things half-heartedly.

    We live in an age of information overload, and I believe that focus will become a superpower. It’s about saying “no” more often and being deliberate about what you choose to say “yes” to.

    San Banerjee, Co-Founder and CEO of ADDA

    One piece of advice that I would like to share is to be clear about the core benefits that your solution is offering, focus and obsess about it, and go really deep, before trying to develop solutions for multiple different problems. For example, focussing on one aspect like clean communication and accounting helped us in getting trust and traction in the market.

    Sahil Lakshmanan, Chief Business Officer of CarePal Money

    Focus on building a sustainable ecosystem, not just a standalone product.” Early on, I realized that solving complex problems, like healthcare financing, requires integrating multiple solutions. For aspiring entrepreneurs, the takeaway is to think beyond immediate solutions and design for scalability and long-term impact from the start.

    Manish Panwar, Business Head at Xumane

    As Business Head, my advice to aspiring entrepreneurs, leaders and strategists today would be:

    • Iterate relentlessly, take feedback seriously, and be prepared to pivot.
    • Embrace failure as a lesson, and stay adaptable.
    • Build a network of advisors, mentors, and partners who can help guide your decisions.

    By staying adaptable and focused on continuous improvement, you’ll be in a stronger position to turn your vision into a successful reality.

    National Startup Day: Spotlight on Industries, Progress, and Future Visions
    Discover the growing startup ecosystem in India on National Startup Day. Explore progress, govt support, and a glimpse into the future of growth and innovation.
    StartupTalkyMuskaan Kapoor

  • National Startup Day: Industry Experts Share How Government Policies Can Empower India’s Startup Ecosystem

    India has the third-largest startup ecosystem in the world. Startups in our country are playing an extremely important role in driving innovation, creating jobs, and boosting economic growth. Recognising the importance of startups, Prime Minister Narendra Modi declared 16th January as National Startup Day to celebrate the entrepreneurial spirit and innovation shaping the nation’s future.

    While initiatives like Startup India have built a strong foundation, many industries still face unique challenges. These challenges need targeted policy interventions. This National Startup Day 2025, StartupTalky brings together insights from industry leaders, highlighting what they think could better support startups and drive growth in their industries. By addressing these needs, the government can help startups succeed in local and global markets.

    Electric Vehicle Industry Growth

    Nemin Vora, Founder and CEO of Odysse Electric Vehicles, shared, “We believe that EV sectors, especially the two-wheeler space, will continue to be a priority sector. This optimism comes from the shared goal of making transportation sustainable. We trust that the government will bring in incentives for both manufacturers and consumers, infrastructure development for EV charging, and policies to encourage research and development for the betterment of the EV space.

    To better support startups in particular, and drive growth in the electric vehicle industry, we believe that the following policy changes and implementations would be highly beneficial:

    • Regulatory Support and Streamlined Approvals: Simplifying and expediting regulatory approvals for electric vehicles, along with implementing clear and consistent policies around safety and certification standards, would help startups enter the market more efficiently.
    • Promoting Incentives toward a Large Consumer Base: Government-backed awareness campaigns and direct consumer incentives, such as FAME-II subsidies or tax rebates for electric vehicle purchases instead of PLIs, would drive demand and encourage consumers to transition to electric mobility.
    • Access to Financing and Grants: Providing easier access to financial support through low-interest loans, grants, and venture capital funding for electric vehicle startups would enable companies to scale faster, invest in technology, and expand production capacities.
    • Reduced Taxes and Import Duties on EV Components: Lowering taxes and import duties on key electric vehicle components would make it more affordable for startups to produce electric vehicles domestically, which in turn would lower the overall cost of electric mobility.

    These strategic policy changes would not only create a conducive environment for electric vehicle startups but also drive industry-wide growth, accelerate the transition to sustainable mobility, and help India meet its environmental goals.”

    Driving India’s EV Growth: Focus on Battery Reuse, Funding, and Skilling
    As EVs dominate the decade, overcoming challenges in battery recycling, infrastructure, funding, and talent upskilling is crucial for India’s sustainable mobility sector to thrive.
    StartupTalkyPrithvi Durai

    Cybersecurity Industry Growth

    Srinivas Shekar, Co-Founder and CEO of Pantherun Technologies highlighted a few key areas that the government should focus on to support startups and boost growth in cybersecurity:

    • Investing in AI-driven cybersecurity solutions can help tackle the growing threat of sophisticated cyberattacks.
    • Encouraging collaboration between public and private sectors and promoting innovation in homegrown technologies will also make a big difference.
    • Providing tax breaks for companies developing advanced cybersecurity tools and creating skill development programs to train cybersecurity professionals can strengthen the industry.
    • Expanding CERT-In’s resources and improving strategies to handle international cyber threats are equally important.

    These steps will create an environment where startups can innovate, grow, and contribute to building a safer digital future.

    Simplifying Fintech Regulations for Healthcare Financing

    Sahil Lakshmanan, Chief Business Officer of CarePal Money stated that to better support startups, the government could:

    • Simplify regulatory processes for fintech startups, particularly around healthcare financing and patient data security.
    • Incentivize partnerships between startups and public hospitals to ensure widespread access to innovative financial solutions.

    Logistics Industry Innovation and Growth

    Anshul Jain, Co-founder and CTO of Roadcast, highlighted the impact of government policies like the Startup India Seed Fund Scheme in supporting startups. To further drive growth in the logistics sector, he suggested several measures that the government could consider:

    • Tax Benefits for R&D: Offering tax credits or subsidies for startups investing in AI, IoT, and other innovative technologies would encourage more technological advancements in the logistics space. 
    • Improved Connectivity: Enhancing road, rail, and port connectivity would streamline supply chains, benefiting both logistics companies and customers. 
    • Green Logistics Policies: Financial incentives for adopting fuel-efficient and sustainable practices could help companies reduce their environmental footprint. 
    • Startup Tax Holidays: Extending tax holidays for early-stage startups would ease cash flow pressures and help businesses scale faster. 
    • Skill Development Programs: Launching initiatives to train workers in AI, IoT, and supply chain management would ensure a skilled workforce to support growth in the sector. 
    • Easier Access to Credit: Streamlining access to low-interest loans would provide logistics startups with the financial backing needed to expand and innovate.

    IT Sector Transformation and AI Product Development

    Neerja Kumar, Co-Founder and COO of Enalytix shared, “India’s IT sector has traditionally thrived on services, but in line with the Honourable Prime Minister’s Make in India vision, it is time to shift focus towards product development, particularly in emerging technologies like AI. To support this transformation, the government should introduce measures that foster innovation and global competitiveness in Indian IT products. Key initiatives could include creating a catalogue of Made-in-India products, particularly in AI, to enhance their visibility in international markets. Additionally, offering export incentives will encourage companies to scale their product offerings globally.”

    AI Adoption and Growth in Key Industries

    Animesh Samuel, Co-Founder and CEO of E42.ai emphasised that policies promoting AI adoption in sectors like BFSI, healthcare, and manufacturing can drive growth. Providing tax incentives for AI-led automation, establishing funding programs for R&D, and fostering public-private partnerships would encourage innovation. Support for enterprise automation platforms like E42 through government-backed AI centers could enhance accessibility for SMEs, enabling them to leverage advanced technologies without breaking the bank. Streamlining data compliance regulations for cloud-based and on-premises deployments can further ease AI implementation.

    Growth in Music-Tech Industry

    Gaurav Dagaonkar, Co-founder and CEO of Hoopr stated, “For music-tech startups like ours, initiatives that further simplify and strengthen intellectual property regulations, provide access to affordable capital, and incentivize innovation in areas like AI and music technology will be crucial. We need a policy framework that not only supports the growth of India’s INR 10,000 crore creator economy but also fosters responsible innovation and empowers creators to thrive.”

    ESOPs and Startup Growth

    Manish Panwar, Business Head at Xumane, suggested, “To better support startups and drive growth in the ESOP (Employee Stock Option Plan) and cap table management space in India, several changes or implementations in government policies could be considered:

    • Taxation Reforms for ESOPs
    • Incentivizing Investment in Startups
    • Supporting Employee Education and Awareness

    By implementing some of these changes, the government could create a more vibrant ecosystem where startups are incentivized to grow and reward their teams through ESOPs while also ensuring that both entrepreneurs and employees are well supported in managing their equity and wealth.”

    EdTech Industry and AI Integration

    Arpit Mittal, Founder and CEO of SpeakX, highlighted that the government has a unique opportunity to make technology a bridge, not a barrier. Policies that promote AI in education, like tax incentives for EdTech startups, could fuel innovation and bring personalized learning tools to underserved areas. Strengthening digital infrastructure—like affordable internet and devices for rural regions—is crucial. But it is not just about access; teachers also need support. Investment in training programs will ensure educators can use AI tools effectively in classrooms. Lastly, prioritizing data privacy regulations will build trust, so students and families feel secure using these platforms.

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    Personal Care Services Industry Support

    Reshbha Munjal, Co-Founder of KorinMi, said, “While many policies today aim to promote startups in India, the real impact lies in how easily they can be implemented. Whether it’s getting tax rebates or loan approvals, simplifying these processes would make them far more accessible and empower entrepreneurs to focus on innovating. When policy meets opportunity, startups can become the catalysts of the change we need.”

    Retail Industry Growth and Innovation

    Varun Tangri, Founder and CEO of QueueBuster, suggested that to support entrepreneurs and fuel growth, the government should prioritise infrastructure investments, particularly road networks, to improve connectivity and establish new retail hubs. Fast-tracking the National Retail Policy is critical for streamlining operations and providing a common foundation for business. Simplifying GST compliance, making finance more affordable, and encouraging tech usage would all help alleviate operational issues. Encouraging green retail activities through tax breaks or incentives would enhance sustainability. These steps will promote innovation, entrepreneurship, and a thriving startup environment, allowing enterprises to scale and contribute effectively to India’s economic growth.

    AI and Language Technology Industry Growth

    Tapan Barman, Co-founder and CEO of Mihup, emphasised the importance of dedicated support for AI and language technology startups, particularly those focused on multilingual AI and voice interfaces. He suggested several measures that the government could take to boost this sector:

    • Dedicated Support for AI and Language Technology: Establish grants and incentives specifically for startups working on multilingual AI and voice interfaces, recognizing the importance of these technologies for India’s diverse population.
    • Accessible Data Frameworks: Create secure, government-backed frameworks for startups to access anonymized datasets that represent India’s linguistic and phonetic diversity, which are critical for training voice AI systems.
    • Collaboration Initiatives: Facilitate partnerships between startups and public institutions, enabling real-world deployment of conversational intelligence platforms in sectors like healthcare, education, and public services.
    • Startup Tax Reforms: Provide tax relief for R&D-heavy startups and offer incentives for companies that are building indigenous AI solutions for global and local challenges.

    These measures, as highlighted by Barman, are key to supporting the growth of AI technologies in India.

    Plastic Recycling Industry and Policy Reform

    Rahul Nainani, CEO and Co-Founder of ReCircle, discussed the need for a balanced policy approach for plastic recycling that considers social justice, environmental preservation, and economic growth. He suggested that the government could support long-term growth in the industry through tax reforms and lower GST rates on recycled plastic products. Nainani said:

    “Higher taxes on the plastic industry could drive inflation, while technological innovation can help deliver better services and benefits to connected communities and the economy. For sustained industry growth, infrastructure support and digitization in plastics manufacturing are critical, as well as ensuring businesses comply with the government’s Extended Producer Responsibility (EPR) mandates under the Plastic Waste Management Rules of 2016.”

    He also highlighted that ClimaOne’s strategy of ethically recycled plastics aligns with these EPR regulations, which require producers to integrate 30% recycled content into their products by 2025, with the percentage increasing annually.

    Lubricant Industry Innovation and Growth

    Navkaran Singh Sethi, MD and Co-Founder of EnerG Lubricants, suggested that government policies could focus on several measures to support startups in the lubricant industry, including:

    To support startups in the lubricant industry, government policies could focus on:

    • R&D Tax Incentives: Offering tax breaks for innovation in high-performance additives and sustainability.
    • Access to Financing: Providing government-backed funding or low-interest loans to help startups scale.
    • Streamlined Regulations: Simplifying certification processes for meeting international standards and global market entry.
    • Technology Grants: Subsidizing startups adopting cutting-edge manufacturing technologies.
    • Workforce Development: Supporting educational and technical training programs to build a skilled workforce.

    These measures would drive innovation, accelerate growth, and help Indian startups become global leaders in the lubricant industry.

    Data Privacy and Ethics in Residential Tech

    San Banerjee, Co-Founder and CEO of ADDA, expressed concerns about unethical practices in the residential community tech industry, particularly regarding the misuse of data for advertising and other monetisation purposes. He emphasised the following points:

    • Data Privacy and Cybersecurity: Stricter guidelines around data privacy and ethics should be implemented to protect the interests of apartment owners and residents who use these platforms. ADDA’s model remains ad-free, and spam-free, and ensures zero risk for users.
    • Supporting Ethical Solutions: Policies that promote ethical practices would encourage serious solution providers to enter the market, fostering a safer and more reliable environment for users.

    Apparel Sourcing Industry Growth

    Abhishek Dua, CEO and Co-Founder of Showroom B2B, shared that to support startups and drive growth in the apparel sourcing industry, the government should focus on streamlining compliance regulations, making it easier for small manufacturers to join organised supply chains. Expanding affordable financing, such as low-interest loans, would help startups scale and manufacturers upgrade technology. Investments in logistics and infrastructure, like transportation and warehousing, would enhance supply chain efficiency. Grants for sustainable practices would encourage eco-friendly operations, aligning with global standards.

    Additionally, export incentives for startups working with compliant manufacturers could boost international competitiveness, while skill development programs focused on technology, compliance, and quality standards would uplift manufacturers, fostering a more efficient and scalable ecosystem.

    Workforce Development and Job Creation

    Nilesh Dungarwal, Co-founder and CEO of WorkIndia highlighted that policies like SEZ expansions can create jobs and incentivize the development of new capabilities. He believes that the government’s focus on upskilling and job creation is crucial. According to Nilesh:

    “Young people in India have a lot of potential, but to match talent with industry demands, focused skill development programs are required. By prioritizing entrepreneurship, workforce readiness, and a robust startup ecosystem, the government can unlock innovation, accelerate growth, and create sustainable opportunities across sectors, driving long-term economic transformation.”

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  • Navigating the Future: AI’s Impact on Quick Commerce and Emerging Tech Trends

    This article has been contributed by Akshat Saxena, Chief Executive Officer and Co-Founder, Froker.

    The commerce industry has always been at the forefront of adopting technological innovations to enhance customer experiences and operational efficiency. This ongoing evolution is reshaping the landscape of commerce through quick commerce, which is gradually revolutionizing shopping experiences. The Indian quick commerce sector presently boasts a market value of $700 million. It is on the cusp of substantial expansion, fueled by key technological trends. The integration of artificial intelligence (AI) and the emergence of social commerce are pivotal to this growth. They are not just changing the way businesses operate but also how a young, tech-savvy population interacts with the digital marketplace.

    Quick commerce is making the user experience more seamless, personalized, and altered as per the online world. This evolution, driven by increased smartphone penetration and AI’s transformative potential, is paving the way for a future where quick commerce is not just about quick transactions but about creating immersive, intuitive, and engaging consumer journeys. The government’s role in fostering such innovation is crucial, as it can provide the necessary support and framework for these technologies to thrive, ensuring a sustainable and efficient ecosystem for startups.

    Let’s look at some of the tech-driven trends that are transforming the quick commerce landscape.

    Social Commerce Is the New Frontier in Customer Engagement
    Personalization of Searches Through Generative AI
    AI Assistants to Enhance Customer Support and Interaction
    AI Content Moderation and Predictive Analytics
    Tech-Enabled Supply Chain Optimization
    The Emergence of Virtual Stores and AR Experiences

    Social Commerce Is the New Frontier in Customer Engagement

    Social commerce, the amalgamation of e-commerce with social media platforms, is revolutionizing the way consumers discover and purchase products. This trend is not just about selling through social media. It is about creating an entire shopping experience that is seamless, engaging, and personalized. Social commerce taps into the user’s social network, preferences, and online behaviour to offer a curated shopping experience that’s both intuitive and enjoyable.

    Personalization of Searches Through Generative AI

    Generative AI search is redefining how customers find products and services online. Unlike traditional search algorithms that rely on keyword matching, generative AI can easily understand and interpret user queries in a more human-like manner. This new-age technology can generate product recommendations and search results that are highly personalized as per the user’s past behaviour, preferences, and even current trends. The result is a more intuitive search experience that helps users discover products that they are more likely to purchase.

    AI Assistants to Enhance Customer Support and Interaction

    AI assistants, or AI buddies, are becoming integral to the commerce industry. These AI-powered tools can handle a range of tasks, from answering customer queries to providing personalized shopping advice. Unlike traditional chatbots, these AI assistants are capable of learning and evolving based on customer interactions, making them more efficient and effective over time. They can handle a high volume of queries simultaneously, ensuring that customer support is swift and efficient.

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    AI Content Moderation and Predictive Analytics

    AI-enabled content moderation is crucial in social commerce, where user-generated content plays a significant role. AI can quickly analyse vast amounts of data, flagging and removing inappropriate or harmful content, thus maintaining the integrity and safety of the platform. This technology is not only for protecting users but also for preserving the brand’s reputation. 

    At the same time, AI is being used by startups for predictive analytics, which is used to forecast trends, consumer behaviour, and potential market shifts with remarkable accuracy. This foresight allows for more targeted and effective marketing strategies, ensuring that companies are always a step ahead. Going ahead, the use of AI for protected user experiences and targeted marketing efforts will gain stronger ground in the world of commerce. 

    Tech-Enabled Supply Chain Optimization

    AI and other emerging technologies are rapidly transforming supply chains around the world, including in India. AI systems can analyze huge amounts of data to accurately forecast demand, automatically adjust inventory levels, and optimize delivery routes in real-time. This can contribute significantly to making their supply chains smarter and more efficient. According to a report by PwC, 54% of firms in India are now utilizing AI. With the ongoing technological adoption across industries, the use of tech-enabled supply chains will continue to expand. 

    Moreover, AI has the power to drive greater sustainability and introduce more ethical practices across quick commerce in India. AI-enabled systems can closely monitor production and distribution chains to detect areas for reducing waste, minimizing environmental impact, and addressing labour, safety, or diversity issues in operations. 

    The Emergence of Virtual Stores and AR Experiences

    The online shopping landscape in India is rapidly evolving with the emergence of immersive technologies like augmented reality (AR) and virtual stores. E-commerce players are integrating AR tools to allow customers to visually try on products and even place items in their actual living spaces before buying. This technology not only boosts customer engagement but also helps reduce return rates by providing a clearer idea of the product before purchase. 

    Conclusion

    The Indian quick commerce industry is poised to reach $5 billion in revenue by 2025, driven by the rapid adoption of advanced and futuristic technologies that are revolutionizing supply chain transparency, optimizing inventory, and elevating customer experiences. Here, government initiatives can enable a regulatory environment fostered through supportive digital infrastructure policies, public-private partnerships, and funding for emerging technology research.

    With a tech-empowered consumer base eager for faster deliveries, India can harness innovation responsibly to meet growth targets and establish global AI leadership. By combining commercial interests with ethics and social welfare through government vision and oversight, India can witness resilient tech-enabled advancement in commerce.

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  • National Startup Day Shines a Light on Industries: Exploring India’s Progress, Government’s Role, and Future Visions in Growth

    As the sun rises on January 16, the nation proudly observes National Startup Day, a testament to India’s commitment to encouraging innovation and entrepreneurship. In 2022, Prime Minister Narendra Modi declared this day to celebrate the vibrant spirit of startups, acknowledging them as the backbone of a ‘New India.’ Since then, the startup landscape in the country has witnessed significant growth, with businesses sprouting across the nation.

    In 2016, the Indian government laid the foundation for this growth with the inception of the Startup India initiative. Today, India stands as the third-largest startup ecosystem globally, with over 1,12,718 DPIIT-recognized startups spread across 763 districts as of October 3, 2023. The nation not only ranks second in innovation quality but also excels in scientific publications and the quality of its universities among middle-income economies.

    In this context, StartupTalky connected with experienced individuals who have navigated the changing landscape of India’s startup ecosystem. In straightforward discussions, we explored their perspectives on India’s progress, the significant role played by the Government of India in driving growth, and their forward-looking views on the future of their respective industries. Their words reflect the pulse of a dynamic and ever-evolving entrepreneurial India.

    Fintech’s Evolution
    InsurTech’s Transformative Journey
    HR Industry’s Evolution
    Biotechnology’s Growth
    Tech and Electronics in India’s Startup Landscape
    Personal Care’s Sustainable Growth
    Fashioning Entrepreneurship in India

    Fintech’s Evolution

    Mr. Tarun Nazare, Co-Founder & CEO of Neokred Technologies, sharing fintech sector insights said, “Since 2016, we have witnessed the ecosystem go from boom to bust and bounce back. India’s startup landscape saw unicorns thrive, funding dip, and rebound. Now, the emphasis is on profitability with emerging sectors, promising resilient, innovative futures. Its advantages are that the Government is capitalistic, and focuses on the growth of all the sectors. Witnessed very active participation from RBI, regulator of Fintech. Expect mature decisions and good governance for yet-to-be-regulated sectors in the near future. We see promising activities from all the participants in all industries to make sure India’s GDP crosses more than $7 trillion by 2030.”

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    InsurTech’s Transformative Journey

    Kulin Shah, Co-founder and COO of Onsurity said, “Embarking on my entrepreneurship journey, witnessing the addition of over 68,000 startups, the space has undergone a transformative shift and evolved into leaders of product innovation. As the co-founder of an Insurtech, I’ve keenly observed the strategic initiatives that have propelled the rise of InsurTechs such as the regulatory framework, progressive policies, and initiatives. For example, with the introduction of the use and file process, insurers can introduce products to the market on filing with the regulator, thus avoiding a long waiting duration to get approvals. The introduction of regulatory sandboxes and streamlined licensing processes has further paved the way for growth.

    Our industry has transcended from a selling approach to a seamless, digital realm, where transactions unfold effortlessly at the click of a button. Insurtech platforms are no longer just facilitators of claims but are comprehensive service providers, offering a diverse array of insurance options with a strong emphasis on convenience and paperless processes.”

    HR Industry’s Evolution

    Manish Panwar, Business Head, Vega HR, said, “India’s startup ecosystem has surged, driven by a young, dynamic, and talented workforce as well as increased funding, and government initiatives like Startup India. These measures include simplified regulations, tax benefits, and financial support, creating a conducive environment for innovation and entrepreneurship. The aim is to foster economic growth, and job creation, and position India as a global startup hub.”

    “Cities like Bangalore, Delhi-NCR, Hyderabad, etc. are tech hubs, hosting diverse startups from fintech to ed-tech. Global attention and investment highlight India’s growing role in the global startup landscape.”

    Panwar further added, “The future for the HR industry looks promising driven by a combination of government support, the startup boom, and the need for innovative talent management strategies. At Vega HR, we are passionate about creating solutions for employee rewards & recognition as well as enabling digital equity and streamline the process of ESOP management effortlessly. As companies recognize the importance of aligning employee interests with organizational success, total rewards (short-term & long-term) are expected to play a pivotal role in shaping the future of India’s corporate landscape, and we want to be at the forefront of steering this movement.”

    Biotechnology’s Growth

    Mr. Najeeb Bin Haneef, Founder and CEO of Zaara Biotech, shares his perspective on the success of his startup and the broader landscape of the biotechnology industry. Reflecting on the system around him, Mr. Haneef states, “The success of my startup does not depend on my knowledge or luck; it is solely because of the system around me that supports my dream.”

    He emphasizes the role of various support initiatives, events, and schemes introduced by the government that have been instrumental in the growth of Zaara Biotech. “The various schemes of the state and central government help us reach our products and services in domestic and international markets as easily as a student startup. From our inception, we have explored all privileges available to a student startup, allowing us to pitch and exhibit at various national and international events, with significant support from the state legacy, Kerala Startup Mission. 

    “We presented our first product at GITEX Global in the Dubai World Trade Center under the Startup Mission scheme. There is always a boom in the startup ecosystem, and the government plays a vital role in creating synergies with international trade and exports. Research stations such as ICAR-CIFT Cochin also enable support for startups like us to reach a broader audience by placing products in various central government sectors. They also recommend participation in various training sessions funded by ICAR,of said Haneef.

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    EdTech’s Evolution

    Mr. Sumanth Prabhu, Co-founder & CEO of Ulipsu, shed light on the evolution of the EdTech industry in India. He said, “In 2014, the startup ecosystem was not this mature. There wasn’t much awareness about startups, funding, financial models, sales and marketing education, etc. Initially, it was a dream that merely existed but eventually, the startup ecosystem evolved. The startup knowledge, its concepts, the training and mentoring required can be found everywhere. The investing community has increased interest in startups today comparatively. Over the last decade, the government has made efforts to ensure that the startup ecosystem in India is thriving, and rightfully, it has matured today. With programs like the ‘Startup India Program’, different schemes have been available in different states all over India to foster the development of budding startups.”

    “Existing startup policies and schemes that were available for companies irrespective of the EdTech industry, has helped us a lot. The Karnataka Government conducts an annual competition where deserving startups are given recognition along with financial grants as high as 50 lakh rupees. Ulipsu was also one of the participating companies in 2018 that was granted 20 lakh rupees. Likewise, a lot of such support initiatives and events were introduced by the government to expand growth,the said Prabhu.

    Highlighting the growth prospects of the ed-tech industry, Prabhu said, “Working in the ed-tech sector, the opportunities have increased drastically because of NEP implementation. We are aware about the future of education. Through NEP, there have been collaborations between the industry and academics. Much more awareness & preference is being given to skilling rather than rote learning. Multiple credit-based and entry-exit systems are helping children explore what they want to pursue. Learning outcomes are being influenced and catalyzed by AI. India, having the largest youth population in the world, is where education will show growth more rapidly than ever.”

    Tech and Electronics in India’s Startup Landscape

    Sandeep Kumar, Founder and CEO, Baatu Tech, highlighting his startup journey said, “In my journey through India’s dynamic startup ecosystem, I’ve witnessed remarkable growth backed by substantial government support. India, now the world’s third-largest startup hub, has seen a surge in total funding from 2015-2022, with 108 Unicorns valued at multiple billions as of March 2023.”

    “The government’s initiatives, such as startup challenges, National Startup Awards, Incubators and Accelerators, Networking opportunities, and state rankings, contribute significantly to this success. Startups with sustainable business models and those innovating around artificial intelligence, Software-as-a-Service (SaaS), and deep tech are anticipated to progress well. However, some challenges persist, particularly in funding, revenue generation, and supportive infrastructure,” said Kumar.

    While discussing the way forward, Kumar emphasized, “The way forward necessitates pivotal roles for venture capitalists, angel investors, and the corporate sector. Policy measures, in alignment with the Digital India Initiative, are crucial. Bengaluru is a powerhouse in India’s startup ecosystem, hosting a remarkable 1,783 women-led startups, outpacing Mumbai (1,480) and Delhi (1,195), as reported by the startup data platform Tracxn. As India aims to become a global tech player, decisive policy measures and sustained support are vital for continued success, significantly beyond traditional sectors.”

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    Personal Care’s Sustainable Growth

    Mr. Sanjeev Ingti, Director & Co-Founder of Eliea Wellness, sharing insights from the personal care industry, remarked, “During my journey, I’ve observed India’s remarkable strides in ecosystem studies. The nation has fostered a robust scientific community, embracing interdisciplinary research to understand and preserve its diverse ecosystems. Collaborations, technological advancements, and environmental policies showcase India’s commitment to sustainable development and biodiversity conservation. 

    The Indian government has actively propelled the medicinal personal care industry’s growth through policy initiatives, regulatory support, and incentives. Encouraging research and development, streamlining approvals, and fostering innovation have created a conducive environment for accelerated expansion, promoting health-centric products and contributing to the sector’s positive development.

    The future of India’s personal care industry promises innovation driven by technology, sustainability, and wellness trends. With a surge in demand for clean and natural products, the industry is poised for eco-friendly advancements. E-commerce and personalized solutions will further redefine consumer experiences, shaping a dynamic and health-conscious landscape.”

    Similarly, Mr. Lasakan Cholayil, Co-Founder of Sadhev, reflecting on the landscape of beauty and personal care startups, stated, “In my journey with Sadhev, I’ve seen firsthand the dynamic shift in India’s startup landscape. There’s a palpable energy, especially in our niche of organic beauty. It’s not just about business growth; it’s about a cultural shift towards sustainable living. We’re riding this wave, innovating and connecting with a community that values what we value.

    The Government of India has been a catalyst for us. Initiatives like ‘Make in India’ haven’t just been slogans; they’ve opened doors. We’ve seen tangible support in promoting indigenous products, which has been a game-changer for brands like ours. It’s about preserving our heritage while scaling up.

    Looking ahead, I see a horizon filled with opportunities. The trend is clear – there’s a growing demand for authentic, natural products. We’re not just selling products; we’re part of a larger movement towards sustainability. The market is ripe for innovation, and for startups like Sadhev, it’s a chance to lead this change, both in India and globally.”

    Fashioning Entrepreneurship in India

    Dhruv Toshniwala, Founder of The Pant Project, discussing India’s startup ecosystem, said, “At The Pant Project, we’ve had the privilege of witnessing India’s remarkable strides in the startup ecosystem throughout our journey. Over the years, we’ve observed a significant surge in entrepreneurial spirit, fostering a vibrant and dynamic landscape. The government’s proactive measures, such as ‘Startup India’ and various policy reforms, have created a conducive environment for startups. These initiatives aim to simplify regulations, reduce bureaucratic hurdles, and provide financial incentives, fostering a more supportive ecosystem. Many startups in India are not only focused on profitability but also on creating positive social impact. This dual approach has led to the emergence of socially conscious businesses that strive to make a meaningful difference in society.”

    Highlighting the Government’s role in accelerating growth in the fashion industry, Toshniwala said, “The Government’s emphasis on skill development and education has contributed to a skilled workforce. This, in turn, has enhanced productivity and efficiency within the industry, aligning with the nation’s broader economic goals. Investments in infrastructure, including logistics and transportation, have streamlined our supply chain operations. Government initiatives to promote international trade have opened up new avenues for our industry. Bilateral and multilateral trade agreements have facilitated smoother exports and imports, contributing to the overall growth of the sector.”  

    “The digital landscape is transforming the way consumers shop. E-commerce, social media, and technology-driven experiences are shaping consumer behaviour. The Pant Project is strategically investing in digital platforms to enhance our online presence and provide a seamless shopping experience. The fashion industry in India is evolving towards greater inclusivity and diversity,” added Toshniwala.

    In India’s startup journey, different businesses are growing with new ideas. From finance to fashion, they show how innovation and help from the government make a strong future. This is the story of a changing and hopeful world of startups in India.

    National Startup Day Spotlight: HealthTech & MedTech Evolution in India
    Explore the landscape of India’s healthcare industry on National Startup Day. Gain insights, understand govt support, and envision the future with industry experts
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  • India’s Health Startup Expedition: Navigating Progress, Government Backing, and Future Horizons on National Startup Day

    On this National Startup Day 2024, we embark on a journey through India’s startup landscape, capturing insights from industry pioneers. From HealthTech to MedTech, nutrition, and beyond, industry leaders share their perspectives on the Indian startup ecosystem. Explore the story of the startup ecosystem’s evolution, understand the pivotal role played by the Government, and explore the promising horizons that lie ahead for these industries.

    Join us in celebrating National Startup Day as we delve into stories shaping India’s entrepreneurial journey—a roadmap crafted with determination, backed by government support, and painted with the promise of an exciting future.

    Progression of HealthTech and Government Support
    MedTech Innovations: A Glimpse into the Innovation, Growth, and Future
    Nourishing the Future: Nutrition and Beyond
    Wellness in Focus: Paving the Way for Health and Wellness Startups

    Progression of HealthTech and Government Support

    Dr. Narendra Vankar, Founder and CEO of Quantum CorpHealth, sheds light on the transformative journey of health-tech in India, emphasizing the increased accessibility of healthcare for the population. “The health and startup industries have been revolutionized by introducing health-tech in India. As we progress further with technology, more and more healthcare startups have cropped up in the last ten years, making healthcare more accessible and easy to use for more of the population in India.”

    The Government of India has been very pro-startup throughout. From various funding initiatives to incentives like intellectual property rights (IPR) support, patent cost reimbursement, and credit guarantee schemes, GOI has been a staunch supporter of the startup ecosystem, not only in health-tech but also in other industries as well.

    Dr. Vankar highlights the significant role of government schemes like the National Health Mission and the Ayushman Bharat Scheme, saying, “Additionally, schemes and missions like the National Health Mission and the Ayushman Bharat Scheme both play huge parts in making healthcare easier and more accessible to India’s ailing and elderly population. Through improving the availability of medical equipment and supplies, they promote community participation and engagement in healthcare decision-making and service delivery.”

    Looking ahead, Dr. Vankar expresses optimism about the future of healthcare in India. “The Indian healthcare system has made significant progress in recent years. With India also becoming a destination for medical tourism with its skilled doctors and advanced treatments, the healthcare industry in India is becoming a safe bet for investors and patients alike. We can be optimistic about the future of healthcare and medicine in India, considering the constant and continued investment in healthcare and innovation.”

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    MedTech Innovations: A Glimpse into the Innovation, Growth, and Future

    Transitioning from the insights of health-tech, Mr. Pranav Bajaj, Co-Founder of Medulance, brings a crucial perspective from the Medtech and ambulance industry. “As advocates for advancing healthcare resilience, Medulance Healthcare eagerly anticipates the upcoming budget as a pivotal opportunity to fortify India’s emergency services.”

    Mr. Bajaj emphasizes the crucial role of ambulances and the paramedic sector. “Recognizing the indispensable role of ambulances and the paramedic sector, we urge the government to prioritize strategic investments in these areas to improve response times and overall emergency medical care efficacy.”

    A key expectation from Medulance is the revision of the GST structure for ambulance procurement. “Currently burdened with a 28% GST, we propose a significant reduction to 0%. This move not only alleviates financial constraints but also incentivizes the nationwide enhancement of emergency fleets, contributing to faster and more effective emergency response.”

    Commending the government’s progressive stance, Mr. Bajaj underscores the importance of exempting consumers from GST on emergency services. “We commend the government’s progressive stance in exempting consumers from GST on emergency services, ensuring immediate medical attention remains accessible without additional financial burdens.”

    Expressing a forward-looking perspective, he sees the upcoming budget as an investment in the health and safety of citizens. “Medulance Healthcare views this budget not just as a fiscal adjustment but as an investment in the health and safety of our citizens. We look forward to a budget that not only acknowledges the critical role of emergency services but actively contributes to their enhancement, reflecting a commitment to the well-being of the nation.”

    Mr. Deepak Sharma, CEO and Co-founder of MedLern, shares his insights saying, “India has made significant strides in the startup ecosystem, emerging as one of the world’s most dynamic and vibrant environments for new businesses.”

    Acknowledging the pivotal role of government initiatives, Mr. Sharma highlights the impact of ‘Startup India.’ “Government initiatives such as ‘Startup India’ have played a pivotal role in fostering a conducive environment and providing support through funding, mentorship, and policy reforms.”

    Sharma delves into the various measures the Government of India has taken to support and accelerate the growth of the MedTech industry. “The National Health Policy outlined the government’s commitment to promoting the development and deployment of medical technologies. It emphasized the importance of innovation and technology in improving healthcare delivery. The National Digital Health Mission (NDHM) is another promising step that the Government took in the direction of fuelling MedTech’s growth.”

    Discussing the promising trajectory, Mr. Sharma outlines key trends in the MedTech industry. “The MedTech industry in India is marked by several promising trends. Rapid advancements in healthcare technology, including diagnostics, imaging, and telemedicine, are expected to revolutionize patient care and treatment methodologies.”

    He emphasizes the collaborative nature of the industry and the potential for cutting-edge solutions. “Collaborations between healthcare providers and technology companies are likely to foster the development of cutting-edge solutions.”

    Anticipating future growth, Mr. Sharma sheds light on government initiatives promoting domestic manufacturing and research. “Government initiatives promoting domestic manufacturing, research, and development, such as the Medical Device Parks and the PLI (Production Linked Incentive) Scheme, are anticipated to boost local production, reduce dependency on imports, and enhance the industry’s competitiveness.”

    Additionally, he discusses the role of technology, especially artificial intelligence and data analytics. “The integration of artificial intelligence and data analytics into medical devices is poised to improve diagnostic accuracy and patient outcomes.”

    As the MedTech sector adapts to the changing landscape, Mr. Sharma recognizes the impact of the COVID-19 pandemic. “The COVID-19 pandemic has accelerated the adoption of digital health solutions, remote patient monitoring, and telehealth services, shaping the future landscape of the MedTech sector.”

    He concludes by highlighting the conducive environment for innovation and market growth. “Regulatory reforms and a more streamlined approval process for medical devices contribute to a conducive environment for innovation and market growth.”

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    Nourishing the Future: Nutrition and Beyond

    Dr. Chetan Savaliya, Director of Satvam Nutrition, provides a broader perspective on India’s startup ecosystem. He said, “During my journey the growth of startups in India has been fueled by supportive government policies, technological advancements, and a thriving entrepreneurial culture. I’ve seen a significant shift in the mindset towards entrepreneurship, with a growing acceptance of risk and a willingness to explore uncharted territories. The government’s initiatives like Startup India and Make in India, alongside digital infrastructure, have played a crucial role. There’s heightened global recognition of India as a hub for innovation, providing opportunities for economic growth.”

    Further highlighting the Government of India’s pivotal role in fostering the growth of plant-based herbal products and natural industry through supportive initiatives, Savaliya noted, “Favorable policies and regulatory frameworks has provided a conducive environment for businesses in this sector. The introduction of schemes like the Ayush Mission and National Medicinal Plants Board has specifically targeted the promotion of herbal products, encouraging research and development.”

    Sharing his perspective on the future growth of nutraceutical manufacturing, Savaliya said, “The future of nutraceutical manufacturing in India, particularly in the realm of plant-based herbal products and natural supplements, holds promising prospects driven by evolving consumer preferences and global health consciousness. With an increasing focus on holistic well-being, there is a growing demand for ethically sourced, sustainable, and plant-based solutions. This trend aligns with the rich biodiversity of India, offering a diverse range of herbs and botanicals with potential health benefits.

    As consumers become more discerning about the origin and composition of their dietary supplements, the nutraceutical industry in India has an opportunity to leverage its traditional knowledge in herbal medicine and Ayurveda. Regulatory reforms have streamlined the nutraceutical approval process, making it more attractive for manufacturers to invest in India.”

    “Strategic partnerships, investment in research and development, and adherence to stringent quality standards will be crucial for companies to stay competitive. Embracing technological advancements in extraction processes and sustainable packaging can further enhance the industry’s appeal. The future of nutraceutical manufacturing in India is poised for growth, provided industry players align with evolving consumer preferences, leverage indigenous knowledge, and invest in sustainable and innovative practices,” he added.

    Shikha Agarwal, the Nutritionist, and Owner at Nurture, shares her insights in the healthcare domain. “In my startup journey, I’ve seen India’s dynamic progress fueled by heightened health awareness and government initiatives like National Poshan Maah.”

    Highlighting the impact of schemes like National Poshan Maah, Agarwal notes, “These schemes have elevated public interest in nutrition, propelling growth in the healthcare industry.”

    “Looking forward, the sector is primed for expansion, driven by a health-conscious populace. Emerging trends point to a surge in demand for personalized nutrition and digital health solutions, offering startups abundant opportunities in this evolving landscape.” Agarwal added.

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    Wellness in Focus: Paving the Way for Health and Wellness Startups

    Shifting gears to the health and wellness domain, Jatan Bawa, Co-Founder of Perfora, emphasizes the crucial role startups play in India’s growth, “Startups are playing a very important role in driving growth for our country. Across different domains, there is a massive opportunity for startups to address problems for people in India.”

    Reflecting on the pre-pandemic focus on convenience and the post-pandemic shift to health and wellness, Bawa acknowledges the government’s proactive role. “Pre-pandemic, there was a lot of focus on convenience enabled by technology; however, post-pandemic, the focus has been primarily on improving health & wellness.”

    He outlines the government’s crucial role in accelerating growth saying, “The Government of India has played a crucial role in accelerating growth in our industry. Policies promoting ease of doing business, financial incentives, and initiatives like ‘Startup India’ have provided the necessary support.”

    Looking forward, Bawa sees a promising future for the health and wellness industry. “Looking ahead, the future of our industry in India appears promising. With a continued focus on health and wellness, there are ample opportunities for startups to innovate and address evolving needs.”

    Highlighting the importance of collaboration, Bawa emphasizes the role of startups, industry players, and the government in realizing the full potential of the dynamic landscape. “The government’s sustained commitment to fostering entrepreneurship, coupled with emerging technologies, positions the Indian startup ecosystem for robust growth. As we move forward, collaboration between startups, industry players, and the government will be pivotal in realizing the full potential of this dynamic landscape.”

    Adding another perspective from Perfora, Tushar Khurana, Co-Founder, expresses optimism about the future. “A decade earlier it would have been impossible to start and build a startup in a seamless way as we are doing it now.”

    He acknowledges the government’s super supportive stance towards startups and encourages a focus on adding value to the country. “The government has been super supportive concerning its policies related to startups, and I’m quite optimistic about the future as there are so many problems to solve. This is the decade of startups. For India, this is the decade of entrepreneurship, and I would strongly suggest people think about how they can add value to our country.”

    “In the course of our startup journey, the evolution of India’s startup ecosystem has been truly transformative. A mere decade ago, the seamless initiation and growth we now experience with Perfora would have been deemed implausible. The government’s support, underscored by startup-friendly policies, has been instrumental in this paradigm shift,” Khurana added.

    Concluding on a note of partnership and resilience, Khurana envisions a flourishing era for startups and entrepreneurship. “Moving forward, a continued partnership between the government and startups will be pivotal, cultivating an ecosystem where ideas can germinate and contribute substantially to the nation’s trajectory. Embracing setbacks, cherishing minor victories, and valuing the entrepreneurial journey will be the linchpin for shaping success in this dynamic era of Indian entrepreneurship.”

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  • Diverse Approaches to Successful Startup Financing: The Vital Role of India’s Government Initiatives

    This article has been contributed by Shubham Singhal, CEO and Co-Founder, Dot Media.

    In the pulsating heart of the entrepreneurial ecosystem, startups stand as testaments to innovation, ambition, and the pursuit of dreams. As someone who has navigated this exhilarating journey, I, Shubham Singhal, Co-Founder & CEO of Dot Media, am compelled to shed light on the nuanced and diversified approaches that truly fuel startup financing. Furthermore, the role played by the Government of India and its initiatives cannot be understated in this narrative of empowerment.

    Embarking on the entrepreneurial voyage with Dot Media in 2020, the challenges and triumphs of steering a startup through uncharted waters have been both exhilarating and enlightening. However, let’s set aside the specifics of my venture and delve into the broader canvas of startup financing, exploring how varied approaches intertwine with governmental support to foster an environment ripe for innovation.

    Venture Capital and Angel Investors
    Government Initiatives: Nurturing the Seeds of Innovation
    Bootstrapping and ‘Make in India’
    Collaborative Initiatives and Incubators
    Synergy of Financing and Support
    Government’s Vision for Startups

    Venture Capital and Angel Investors

    In the symphony of startup financing, the resonant chords of venture capital and angel investors create a harmony that propels budding ideas into tangible realities. The financial infusion is, of course, invaluable, but it’s the mentorship, industry insights, and networking opportunities that truly transform startups.

    Reflecting on the broader Indian landscape, initiatives like ‘Startup India’ have significantly contributed to the surge in venture capital and angel investments. This surge, similar to a gust of wind beneath the wings of startups, not only injects capital but also galvanises the entrepreneurial spirit. It’s a collaborative dance where visionary investors and startups sway together toward a shared vision of progress.

    As I often muse, “Venture capital is not just about funding; it’s a partnership that nurtures the seeds of innovation into flourishing enterprises.”

    Government Initiatives: Nurturing the Seeds of Innovation

    Government-backed schemes and grants emerge as beacons of hope for startups seeking to navigate the financial network. Programs like ‘Stand Up India’ serve as catalysts for inclusive growth, providing not just financial support but also fostering a culture of innovation. The government’s commitment to this cause is noticeable, offering a helping hand to startups striving to make a mark.

    In my experience, such schemes have played a pivotal role in not just infusing capital but also instigating a ripple effect of positive change within the organisational ethos. It’s more than financial assistance; it’s a tribute to the government’s belief in the power of startups to drive economic growth and societal progress.

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    Bootstrapping and ‘Make in India’

    In the realm of financial independence, bootstrapping stands tall as a witness to the resilience and self-reliance of startups. While external funding has its merits, there’s a unique sense of ownership that comes with building from the ground up. The Government of India’s emphasis on ‘Make in India’ aligns seamlessly with this ethos, encouraging startups to carve their paths.

    The journey of self-funding is not just a financial strategy; it’s a mindset that fosters discipline and strategic decision-making. It’s about laying the foundation for sustainable growth without compromising on the core values that define a startup’s identity.

    “In the world of startups, financing is not only about capital, it’s about strategic empowerment” notes Shubham Singhal.

    Collaborative Initiatives and Incubators

    In the tapestry of startup financing, collaborative initiatives and incubators are the threads that weave a supportive environment. Beyond the financial aid, these platforms offer mentorship, shared resources, and networking opportunities. The collaborative spirit nurtured within such ecosystems fosters an atmosphere where startups not only survive but thrive.

    The establishment of numerous incubators and accelerators across India underscores the government’s commitment to creating an environment where startups can flourish. It’s a testament to the belief that by fostering collaborative ecosystems, we sow the seeds for a future where startups become not just economic entities but also drivers of societal change.

    Synergy of Financing and Support

    As I reflect on the twisted dance between different financing approaches and governmental support, it becomes evident that the synergy between these elements is the key to unlocking the true potential of startups. In the constantly changing world of entrepreneurship, success is not only defined by funding milestones but by the strategic leveraging of resources to foster innovation, sustainability, and meaningful contributions to the entrepreneurial tapestry.

    Government’s Vision for Startups

    The Government of India, through its visionary initiatives, has played a pivotal role in shaping an environment where startups can thrive. It’s not just about creating financial incentives; it’s about fostering a culture that believes in the power of startups to drive economic growth, create jobs, and usher in a new era of societal progress.

    As we continue to navigate the uncharted waters of entrepreneurship, let us recognize that the empowerment of startups is not a solitary endeavour. It’s a collaborative journey where the echo of diverse financial approaches harmonises with the supportive chords played by the Government of India, creating a symphony that resonates with the promise of a vibrant and dynamic entrepreneurial future.

    As an entrepreneur who has confronted challenges head-on and cherished victories, I can affirm the pivotal role that collaborative initiatives and visionary government schemes play in the entrepreneurial world.

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  • Global Meets Local: How Worldwide Startup Trends Reshape Our Ecosystem

    This article has been contributed by Karan Gupta, Co-Founder and Director, KAPSO.

    In the dynamic world of 2024, the startup ecosystem is a kaleidoscope of innovation, shaped by the interplay of global trends and local movements. This article ventures into the heart of this interaction, examining how global forces are influencing local startup environments and vice versa. For instance, a notable data point in this landscape is the growth in AI startup investments, which has seen a compound annual growth rate (CAGR) of 44% since 2020. This statistic exemplifies the global thrust in technology, inspiring local ecosystems worldwide to adopt and adapt AI and ML innovations to meet specific regional needs.

    The article provides an in-depth perspective on the evolving startup scenario, highlighting the unique intermingling of global and local dynamics shaping the future of entrepreneurship.

    Global Trends Setting the Pace
    Local Innovations with Global Impact
    Emerging Market Dynamics
    Investment Trends and Local Ecosystems
    Regulatory Environments
    Consumer Technology Advancements
    Data-Driven Strategies
    E-Commerce Evolution
    The Impact of Pandemics and Global Crises
    Sustainability and Green Tech
    The Role of Women and Minority-Led Startups
    Localized Solutions for Global Problems
    Integration of Traditional Industries with Tech

    Globally, Artificial Intelligence (AI) and Machine Learning (ML) continue to be the linchpins of technological advancement. For instance, investments in AI startups globally reached unprecedented levels, with a 2023 report from Statista showing a compound annual growth rate (CAGR) of 44% in AI startup funding since 2020. This global thrust is inspiring local ecosystems to integrate AI and ML into their businesses, tailored to address local challenges.

    Local Innovations with Global Impact

    In regions like Southeast Asia, Africa, and Latin America, startups are addressing unique local challenges, which often lead to globally scalable solutions. For instance, mobile payment solutions, initially designed to address the lack of banking infrastructure in Africa, are now being adopted worldwide. In 2023, mobile payments in Africa surged, accounting for over 60% of all global mobile money transactions, as per the GSMA.

    Emerging Market Dynamics

    The growth trajectory of startups in emerging markets is particularly noteworthy. For example, India’s startup ecosystem, valued at $95 billion in 2023, is expected to grow at a CAGR of 12-15% over the next five years, as per a NASSCOM report. This growth is reflective of how local movements can gain momentum and influence global market trends.

    The investment landscape has witnessed a shift towards more diversified and balanced ecosystems. In Europe, for example, VC investment in startups reached €40 billion in 2023, with a growing inclination towards sustainability and green tech startups. This mirrors a global trend of investing in environmentally responsible businesses.

    Regulatory Environments

    The global and local regulatory frameworks are increasingly intertwined. GDPR in Europe has set a precedent globally, influencing data privacy laws in other regions. Local startups are navigating these global influences while aligning with local regulatory requirements.

    Consumer Technology Advancements

    Globally, consumer tech startups, especially in areas like smart home devices and wellness apps, are influencing local consumer behaviors. In 2023, the global smart home market was valued at $80 billion, with a projection to grow at a CAGR of 25% over the next five years, impacting local markets significantly.

    Data-Driven Strategies

    The global emphasis on data and analytics is mirrored locally. Startups worldwide are leveraging data to understand both global trends and local consumer behavior, aiding in strategic decision-making and innovation.

    E-Commerce Evolution

    The global evolution of e-commerce is significantly influencing local markets. The worldwide e-commerce sales, which hit $4.2 trillion in 2023, are driving local startups to innovate in online retail and supply chain management, reflecting global best practices adapted to local consumer preferences.

    The Impact of Pandemics and Global Crises

    The recent global health crisis has accelerated certain startup trends. Telehealth, digital learning, and remote work solutions have seen unprecedented growth. For instance, in 2023, global investment in telehealth startups exceeded $10 billion, a 200% increase from pre-pandemic levels. This global trend has encouraged local startups to innovate in telemedicine and e-learning, addressing the immediate needs of their communities.

    Sustainability and Green Tech

    A growing global focus on sustainability is influencing local startup ecosystems. Startups specializing in renewable energy, sustainable agriculture, and waste reduction are gaining traction. This is particularly evident in Europe and North America, where green startups received over 25% of total startup funding in 2023, a significant increase from a decade ago.

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    The Role of Women and Minority-Led Startups

    There’s an increasing recognition of the importance of diversity in the startup world. In the U.S., for instance, women-led startups raised 15% of all venture capital in 2023, up from just 2% in 2015. This global trend is encouraging local ecosystems to support more diverse founders, leading to a more inclusive and innovative startup culture.

    Localized Solutions for Global Problems

    Startups are increasingly focusing on localized solutions for global problems like climate change, poverty, and healthcare. For example, startups in Africa are leveraging local resources and knowledge to create solutions for water scarcity and agricultural challenges, which have global applications.

    Integration of Traditional Industries with Tech

    Globally, there’s a trend of integrating traditional industries like manufacturing, agriculture, and retail with technology. This is leading to the rise of ‘tech-enabled’ startups in local markets, which combine traditional business models with new tech to improve efficiency and reach.

    In conclusion, the year 2024 stands as a testament to the symbiotic relationship between global trends and local startup movements. The startup ecosystem has evolved into a dynamic arena where global innovations and local creativity feed into each other, driving a cycle of continuous growth and adaptation. This interplay not only enriches the global startup landscape but also empowers local markets to contribute significantly to the global narrative of innovation. As startups continue to navigate this interconnected world, their journey will undoubtedly be marked by the exciting fusion of global foresight and local ingenuity.

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  • Innovating Healthcare: Government Initiatives, Tech Trends, and Startup Insights in India’s Transformation

    This article has been contributed by Greeshma Unnikrishnan, Co-founder and Chief Operating Officer, Medprime Technologies.

    Technology is driving the world in a direction that was unimaginable centuries ago. Today we live in an interconnected world, driving innovation, automation, and transformation. The field of healthcare is no exception with the health tech industry forging ahead and making progress by leaps and bounds. Owing to the flourishing landscape, demand for innovative health services, and government policies, the Indian health tech industry is predicted to grow to $5.5 billion by 2025. Increased funding and investments, government initiatives, and technological advancements have further bolstered the health tech startup ecosystem. It is interesting to see the current trends that are making headway into the future of the Healthtech startup ecosystem, especially the medical device industry.

    Integration of Artificial Intelligence: Digital Microscopy and Beyond
    Remote Diagnosis: Breaking Boundaries of Geographies, Distance, and Time
    Telemedicine or Telehealth: Mainstream in New-Age Healthcare
    Government Support and Initiatives for Healthcare Startups

    Integration of Artificial Intelligence: Digital Microscopy and Beyond

    With scientific innovations and technological advancements, digital microscopy like all other aspects of medical technology, has showcased continuous improvement in quality, accuracy, and efficiency for life science research, pathology, and more recently, telepathology and telemedicine. It supports researchers and doctors in the interpretation of images, immediate insights, and much more. The integration of AI and machine learning will further automate, reduce time and effort in manual practices, and increase accuracy. The cutting-edge technologies are revolutionary, providing intelligent interpretations, sophisticated analyses, precision, and reliable outcomes.

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    Remote Diagnosis: Breaking Boundaries of Geographies, Distance, and Time

    The COVID-era took the world by storm but also brought to the forefront the loopholes in the healthcare industry. With borders shut and accessibility in question, remote diagnosis was the silver lining in the chaos. Remote diagnosis is here to bridge the gap of accessibility in healthcare and its adoption must no longer be a matter of choice but compulsion. The field of pathology has seen a transformative change in the form of remote diagnosis, with digital image sharing and timely analysis of images of pathological evidence that goes beyond distance, locations, and time enhancing research, consultation, and diagnosis. Rural India will see exponential growth in healthcare with remote diagnosis and telemedicine.

    Telemedicine or Telehealth: Mainstream in New-Age Healthcare

    Telemedicine is no longer an aspect of healthcare but must be recognised as mainstream in medicine as its full potential can bridge the major gaps in the system. It allows healthcare professionals to evaluate, diagnose, and treat patients in remote locations using telecommunications technology. Quality healthcare, universal health coverage, and accessibility are all by-products of traditional healthcare. Telehealth offers the advantages of synchronised data, time, and location independence, making treatment for patients more affordable and available.

    Government Support and Initiatives for Healthcare Startups

    Startup India, Digital India, Ayushman Bharat Digital Mission, National Digital Health Mission, and Make in India to name a few are the pillars of the healthcare startup ecosystem. The government policies and initiatives for startups are laying a conducive environment to thrive and flourish, thus making room for investments, innovations, and advancements in the field of digital healthcare.

    • The government initiatives are supporting and assisting in regulatory approvals, enhancing the ease of doing business, ease of raising capital and reducing the compliance burden for the startup ecosystem. The increased number of programs, workshops, and seminars in relation to the regulations eases startups into the process and overcome challenges that could be a hindrance while doing business. There is a solid regulatory framework for startups to avoid lapses and legal issues.
    • The (SIPP) Scheme for Facilitating Startups Intellectual Property Protection aids startups in terms of costs to be borne to file a patent, approvals of patents and trademarks, and access to patent and trademark attorneys. There are no professional fees and startups have to pay only the statutory fees making it easy for them to focus on other aspects of the business and save heavy costs which would otherwise add to the financial burden. This also helps startups protect their intellectual property, protecting them from larger companies that may look to copy the innovation by startups.
    • Earnest Money Deposit (EMD) is the bid security amount that startups are exempted from paying and can go ahead and participate in tenders and bids. EMD which is mandatory in the procurement process is eased for startups thus avoiding the burden on their financial capabilities. This provides increased opportunities for startups in terms of participation in bids and tenders as the financial cost is handled by the government.
    • Government e Marketplace (GeM), set up by the Government to make public procurement process transparent, efficient, and inclusive. It is a centralised and unified fully automated portal where common user goods and services can be procured, a dynamic, self-sustaining, and user-friendly portal for making procurement by Government officers. A category called Startup Runway makes the procurement of innovative patented products much easier by bypassing the need for buyers to get multiple quotations.
    • The tax holiday for startups came as a respite where startups can avail 100% tax exemptions on profits earned for a block of three years in the first ten years of incorporation.

    The digital Healthtech startup industry is making healthcare accessible, affordable, and available. With the help of government policies and initiatives, the Indian healthcare startup ecosystem is forging ahead toward progress, growth, and innovation.

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  • Real Estate Success: Key Factors to Consider and How Government Policies Influence Investments

    This article has been contributed by Mr. Karan Shetty, Co-Founder, Claravest Technologies Pvt. Limited.

    Investing in real estate is not merely a financial transaction; it’s a journey that requires careful navigation through many factors, particularly in the ever-evolving landscape of the Indian real estate market. As one embarks on this path, several critical considerations should shape your investment decisions.

    Factors Guiding Real Estate Investment Decisions in India

    1. Investment Goals: Before you begin investing, define your investment goals. Find out what you intend to achieve by investing in real estate. Ask yourself whether you are looking for a steady flow of income, a lucrative flip or long-term appreciation. This will help you better strategize your investments and decisions.
    2. Financial Health: Assessing your financial situation by evaluating your credit score, debt-income ratio, and available capital will improve investment decisions related to real estate.
    3. Property Type: The outcome of the above factors will help you decide whether you want to invest in a residential, commercial, vacation rental, or land. Each of the property types has its pros and cons.
    4. Market Trends: Educate yourself by understanding the market trends both on a macroeconomic and microeconomic level. An understanding of demand and supply dynamics, price trends, and emerging market shifts empowers investors to make informed decisions. Read research reports and study data and insights available via various platforms to decipher local trends.
    5. Location: Location is paramount when it comes to real estate. Proximity to essential amenities, educational institutions, healthcare facilities, business parks, and transportation hubs significantly influences property value. Additionally, areas witnessing infrastructural development or slated for future projects often become hotbeds for real estate growth.
    6. Capital Appreciation vs. Rental Yields: Striking a balance between short-term gains and long-term value is crucial. While capital appreciation reflects the potential increase in property value over time, rental yields offer a steady income stream. The ideal investment strategy aligns with your financial goals—whether it’s building long-term wealth through appreciation or generating regular income through rentals.
    7. Developer’s Reputation: The developer’s reputation is the foundation of a successful real estate investment. Thorough due diligence on the builder’s track record, delivery timelines, and the quality of past projects is non-negotiable. Reputable developers not only deliver as promised but also enhance the resale value of your property.
    8. Economic Indicators: Real estate doesn’t exist in isolation; it’s intricately linked to the broader economy. Monitoring economic indicators, such as GDP growth, interest rates, and employment rates provides insights into the market’s health. A robust economy generally corresponds to a vibrant real estate market.

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    Government Policies/Initiatives Influencing Real Estate Sector

    The government isn’t a mere spectator here; it plays a dynamic role in shaping the real estate stage. The policies and initiatives taken by the government often impact the real estate landscape. Let’s understand how these policies can influence your investment decision:

    1. RERA: The Real Estate (Regulation and Development) Act, commonly known as RERA, has been a game-changer. Enacted to protect the interests of homebuyers, it mandates transparency in project details, delivery timelines, and financial disclosures. For investors, RERA compliance ensures a level playing field and a trustworthy investment environment.
    2. GST: The implementation of Goods and Services Tax (GST) in real estate aimed to simplify the taxation structure. While the initial transition encountered challenges, the unified tax system has streamlined processes, reduced tax complexities, and brought more clarity to property transactions.
    3. Affordable Housing Initiatives: Government initiatives promoting affordable housing, such as the Pradhan Mantri Awas Yojana (PMAY) and Deen Dayal Jan Grahan Yojana (DDJAY), have fueled sector growth. These programs aim to make homeownership a reality for a larger section of the population. Investors can leverage this trend by exploring opportunities in the affordable housing segment.
    4. Infrastructure Development: The government investments in roads, railways, and airports fuel growth in areas that were often overlooked. Investing in properties near upcoming infrastructure projects can promise significant capital appreciation as the area develops.
    5. Smart City Mission: The National Smart Cities Mission focuses on developing urban centers with enhanced infrastructure and improved living standards, making it an investment hotspot.
    6. Environmental Clearances: For projects involving land development, obtaining environmental clearances is a critical step. Government policies regarding environmental regulations can impact project timelines and, consequently, the returns on investment.
    7. Interest Subsidies and Incentives: Government schemes offering interest subsidies and incentives for homebuyers contribute to increased demand. Understanding these schemes can be advantageous for investors, as they indicate potential shifts in buyer behaviour and preferences.
    8. Tax Benefits: Government policies often include tax benefits for real estate investors. Understanding these benefits, such as deductions on home loan interest under Section 24 and principal repayment under Section 80C, can significantly enhance the financial viability of real estate investments.

    Remember, government policies are not static statutes; they are living documents that constantly evolve. Stay informed, understand their implications, and use them to your advantage to navigate your investments in real estate.

    Conclusion

    As an investor navigating the complex terrain of Indian real estate, the confluence of these factors and government policies creates a roadmap for success. It’s a dynamic landscape where strategic decisions, informed by market insights and a keen understanding of policy nuances, can unlock the doors to wealth creation. A holistic approach, blending market intelligence with an awareness of regulatory frameworks, ensures that investors not only ride the waves of current opportunities but also position themselves advantageously for the future.

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