Sunday, March 13, 2016

Something About Startups-2

Finally, if you think this is probably the best time to become an entrepreneur, you could be just a little wrong — many observers feel that the situation will get even better in the next two or three years. “The ecosystem to develop products is still not here in India,” says Druva’s Singh. “It should develop in the next five years,” he adds. Sure, there’s always room for improvement but we are already in the middle of exciting times for both entrepreneurs and investors. In the following pages, we feature some promising entrepreneurs with interesting ideas. And no, they are not your usual suspects. 

Forty-five Indians and people of Indian origin made it to Forbes’ annual list of the achievers under the age of 30. The number five years ago was just 11. With 600 entries, this year’s list was published on 04 Jan 2016. Twenty-two year old Ritesh Agrawal, the founder of OYO Rooms, the Indian version of wildly-popular Airbnb, was one of the most prominent Indian names in the list. OYO Rooms is a startup that focuses on managing and owning room inventory in budget hotels. Founded in 2013, it owns 40,000 rooms in 4000 cities across 160 cities. Forbes said that being under-30 gives a lot of advantage as the new-gen-entrepreneurs were born in the tech era, and are best poised to bring disruptions in the world. Some of the other prominent names were 28-year old Gagan Biyani and Neeraj Berry, co-founders of food delivery app Spring, 25-year old Karishma Shah, the youngest in Alphabet’s Google X team, which aims to solve world’s big problems through innovative tech ideas. A bunch of names from the world of finance included- Citigroup’s 27-year old president Nila Das, Viking Global Investors’ Divya Nettimi (29), Millennium Management’s Vikas Patel (29), and Caxton Associates’ Neel Rai (29). 

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