“Over the last 5-6 years, if there is a defining outcome of what we have done and what is now evident, it is that the confidence amongst the world’s investors, consumers, companies, and enterprises about the capabilities that this generation of entrepreneurs bring to bear is unquestionable. I think that is the big leap that has happened. And it’s not just about consumer tech or D2C (direct to consumer)… it spans the entire spectrum of what we refer to as a digital economy today,” he mentioned.
Chandrasekhar mentioned that whether or not it’s in the realm of AI, Web3, semiconductors, or microelectronics each of these subspecialities has deeply succesful startups and younger entrepreneurs at work in the nation. “The pedigree in a sense of India’s capability has been firmly established, and in a lot of ways reset from the old narrative that we were the back office.”
Commenting on the slowdown in the influx of investments into startups and companies, Union minister for commerce and industries Piyush Goyal mentioned he’s not very involved concerning the ‘funding winter’. “There’s always a reality check that is required after every few years and I look at this as one of those periods where our startups will come of age… we’ll see a little bit of churn.” He added that his expertise of working a enterprise in his youth taught him that such macroeconomic headwinds have their very own upsides as nicely. “My experience is whenever you have too much cash, you tend to make mistakes, you tend to blow it off. A little tight-fisted environment… is always going to be good for business. Such occasional roadblocks will only help our startup ecosystem mature.”
Satyan Gajwani, vice chairman of Times Internet, mentioned that whereas final 12 months demonstrated that it isn’t at all times that simple to scale up, but on the identical time, he thinks it introduced out the perfect of the Indian startup ecosystem. “Because leaders who were earlier pushed to grow, grow, grow and worry about profitability and sustainability later are now put in a position where they have to demonstrate the ability to build real, lasting, sustainable, and responsible companies. And ultimately the companies that come out of it will be stronger, weather-tested, and better as a result of all of it,” he mentioned.
