LARGE COMPANY ENTREPRENEURSHIP
Services replaces edtech as most popular sector among student founders: Campus Fund report
Campus Fund invests in startups run by students and offers mentorship and guidance on investing. The firm describes student founders as those who are currently students, or graduates and dropouts in the previous three years, with at least 25% equity in the company.
The startup story's just starting
For India to ascend to the summit of the world's leading startup ecosystems by 2030, it demands dynamic policies from the incoming government, nurturing a vibrant culture of innovation, and concerted collaboration among all stakeholders. With the requisite elements already in place, including the impressive growth and resilience shown by current startups, valuable lessons abound for budding entrepreneurs. By adopting a progressive outlook centered on enduring, sustainable, and conscientious advancement, our startup ecosystem has the potential to evolve into a remarkably innovative, inclusive, and globally sustainable entity.
Silver Medal Linings: In sports, business, or elections, it is the runner-up who defines a memorable winner
Evolution has hardwired into us the idea of a winner and, by the principle of complementarity, a loser. Out of breath and hiding away from a sabre-toothed tiger, managing to grab a seat on one of those Polynesian canoes headed to Hawaii (no stops), escaping the yearning jaws of prehistoric crocodiles at a watering hole, it was either ancient cremation rites or a few extra happy years for furthering hominid genes. Not a surprise that our genes learnt to be selfish, to think of a binary of win or lose.
ETMarkets PMS Talk: Is it overheated? Fund manager with Rs 1600-cr AUM remains bullish on small & midcap space
Hitesh Zaveri, SVP & Head at Axis AMC, discusses the investment philosophy, stock selection process, market outlook, and sustainable growth in small cap categories. While ehe Brand Equity Portfolio holdings comprise of companies that have (i) established brands, (ii) turnaround brands and (iii) B2C/B2B2C brands, the satellite part of the portfolio comprises companies that have more cyclicality and have greater flexibility to respond to changing market dynamics.
Rooftop solar scheme: 100,000 hands to be trained to put solar panels in homes
Besides trained manpower, another challenge for such a scale of implementation would be the need for a large number of vendors. An official said the government is also looking to train 50,000 vendors for entrepreneurship.
Dons of Dalal Street: Upstox Co-founder Shrini Viswanath’s first bet was a US stock
Shrini Viswanath, co-founder of Upstox, shares his journey from Wall Street to founding Upstox, emphasizing perseverance and finding guidance in autobiographies. He says: "Entrepreneurship is more like raising a child where it is a lifelong commitment. " He also says that he prioritizes fitness, reading, and IT support at home.
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ETPWLA 2024: Fuelling funding for female entrepreneurship and enabling women-led ventures in Tier I and Tier II cities
Dr. Srimathy Kesan, Seema Chaturvedi, and Mitali Nikore dived into the funding landscape of Indian women entrepreneurs, with an emphasis on those outside metropolitan cities and in challenging sectors such as deep tech, at a panel discussion as part of the ETPWLA 2024 International Women’s Day summit. Discover how inherent biases, structural barriers, and a lack of confidence in women’s capabilities continue to hinder access to funding despite progressive schemes.
Big tech cos delisting small apps over fees but won't pay fair share for network use: COAI
Telecom operators in India have criticized large traffic generators (LTGs) for refusing to pay their fair share for using telecom networks, arguing it would hurt startups and small businesses. The Cellular Operators Association of India (COAI) director-general, SP Kochhar, criticized the proposal, stating that it would deter small players from operating on the network.
Govt missive to seek nod to deploy LLMs to hurt small companies: startups
Several startups and companies developing LLMs, venture capitalists and experts told ET that such missives can kill startups trying to build in this "hyper-active" space wherein India is already late to the party. It will only allow big corporations who can afford additional resources for testing, and government approval, they said.
Tide aims to revolutionise SME finance in India, backed by learning & experience from UK
UK fintech platform looks to make it easier for MSMEs to manage financial and administrative functions and take financial inclusion to secluded areas.
Starting up after 50: Lessons on entrepreneurship from the ‘wisdom generation’
Entrepreneurs over 50 are finding success by leveraging their years of expertise and experience. Vivek Srivastava, founder of Integrated Brand Heuristics, emphasizes the need for persistence and building a committed team. Daisy Malik, founder of The Roots Organic and Natural Store, highlights the challenges of marketing and advocating for organic food. Rekha Kochhar, founder of Boutique Bites of Health, shares her accidental journey into entrepreneurship and the importance of lifelong learning and innovation.
Govt should encourage MSME-focused procurement: GAME’s Ravi Venkatesan
Addressing access to finance and mitigating delayed payments hold the key to MSMEs’ growth in the country, says Ravi Venkatesan, GAME’s founder.
Interim Budget measures that Modi govt needs to take to widen doors for global companies
Budget 2024: India seeks investments from global corporations to strengthen domestic capability in various sectors. The interim budget presents an opportunity to improve ease-of-doing business and attract higher investments. A 'plug and play model' for manufacturing operations would be beneficial for global corporations. Tax certainty and effective contract enforcement are crucial for the economics of global supply chains.
SIDBI ET MSME Conclave: Ludhiana edition of meet focuses on financial resilience
The third edition of the SIDBI ET MSME Conclave, held in Ludhiana on January 19, brought together a large gathering of MSMEs and industry stakeholders who focused on improving ways to spur financial resilience.
Bankruptcy court admits insolvency resolution plea against Helios Photo Voltaic
The National Company Law Tribunal (NCLT) has admitted an application filed by the National Asset Reconstruction Company (NARCL) against Helios Photo Voltaic Ltd, formerly known as Moser Baer Photo. The application was originally filed by Oriental Bank of Commerce (now merged with Punjab National Bank) after the company defaulted on dues of Rs 859 crore, and these loans were later assigned to NARCL.
2023 Year in Review: Meet the executives who donned the founder hat
Along with executive search firm Longhouse Consulting, ET has compiled a list of high-profile executives who launched their ventures this year. Former Flipkart senior vice president Prakash Sikaria and ex-Swiggy CTO Dale Vaz are some of them.
How place-based intervention for MSMEs is a desirable solution for India’s $30-trillion goal
We should not undermine the existing industrial clusters and more than 63 million MSMEs who are in existence.
Plan in works to recognise skill certification of MNCs, top companies
While Microsoft, IBM, HCL Tech and the Confederation of Indian Industry (CII) have come on board, talks are on with Google, Meta, Cisco and various sector leaders, a senior government official told ET. "The plan is to have at least 10 international awarding bodies in the next two months and double this to 20 by July 2024," the official said.
What's no-code app development? How it can impact modern companies, workforce
No-code app development helps employees and entrepreneurs to create software applications without traditional coding. This innovative technology democratizes innovation and fosters a culture of problem-solving. It offers a level playing field for both large corporations and small startups, accelerating time-to-market and reducing costs. Non-technical professionals can actively participate, breaking down silos and fostering multidisciplinary teamwork.
As the UAE's foreign investment soars, Dubai reigns as India’s prime destination for FDI
Decoding the factors that make Dubai India’s foremost choice for FDI and tracking the growing significance of India-UAE trade ties
Sidbi announces growth accelerator programme for small NBFCs
National development bank Sidbi has launched a growth accelerator programme for small non-banking financial companies (NBFCs) to help them qualify for bank funding. The initiative, in partnership with the Finance Industry Development Council and the global alliance for mass entrepreneurship, has selected 18 small NBFCs as the first cohort of the programme.
G20 India moment will be remembered for a very-very long time: Sunil Bharti Mittal
As soon as India's turn came and India assumed the presidency of G20, our Prime Minister took upon himself to leave at least one big legacy that was focussed on Africa and I would say it is a great day for G20, a great day for India, in particular a great endorsement of Prime Minister Modi's leadership on the global stage to have got this particular consensus through by inclusion of AU as a permanent member of G20.
Reliance, Nvidia to develop AI infra in India; Freshworks draws large customers
Mukesh Ambani-led Reliance Industries has tied up with chipmaker Nvidia to develop India’s own foundation large language model. The petrochemicals-to-telecom conglomerate is also exploring an entry into semiconductor manufacturing.
ET MSME Regional Summit in Hyderabad: Stakeholders outline a roadmap to empower Telangana’s MSME ecosystem, address key challenges and opportunities
The Hyderabad edition of the ET Make in India - MSME Regional Summit brought together local MSME leaders, entrepreneurs, and policymakers to discuss developments in the state's burgeoning MSME sector and ignite insightful conversations. The speakers also demystified the unique challenges faced by Telangana’s MSME players and the manifold growth opportunities that lie ahead of them.
India’s Startup Mafia 2.0: Oyo, Ola, Udaan lead the wave of entrepreneurship; more women logging out of tech jobs
India’s top internet firms like Flipkart have been fertile breeding grounds for entrepreneurs who left jobs to start something of their own. Drawing on a record inflow of venture capital in the past decade, 297 founders set up some 253 new companies, bolstering India’s Startup Mafia. This and more in today’s ETtech Morning Dispatch.
From healing humans to mending supply chains: How a Naval doctor took a dive into the world of entrepreneurship
A twist of fate forced Ashvini Jakhar to leave the armed forces. But that did not put him down. He decided to give shape to a supply chain ecosystem that today caters to the needs of over 100 brands.
A boss by 18? The debate on what is the ideal age to start a business
Starting early has its advantages and an individual can benefit both personally and professionally. But for young entrepreneurs, the going may not be easy.
India needs to do more to nurture, build ecosystem for entrepreneurship: CEO of top science body in US
"India has done a great job with the IITs, Pilani and Birla Institute of Technology. The talent is there. We just need to be able to start young, then you need to have enough institutions to support that talent. And then you need to create a culture of entrepreneurship where you are really building innovation and new technologies and companies and building your economy," she added.
Clarity, caution and conviction will drive startup investments in 2023
Entrepreneurs are only getting smarter and wiser with time, and the serious ones who're starting for the right reason will continue to do so even though the macro fundraising environment may be perceived as tough
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