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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