New Opinion Piece on Venture Capital in Outlook (India)
In the latest edition of Outlook (India), Dr. Ivo Ganchev argues that the “rise of tech” is undergoing a radical transformation which India should embrace to further fuel its growth.
Based on his experience of advising various start-ups and VC investors as well as on his several trips to India, Ivo, outlines his views on key areas that Indian startups and VC investors should focus on in order to accelerate their growth.
Here are some key takeaways from the article:
– Indian startups continue to face a “funding winter”.
– The global correction in tech shows that India must not over-rely on its software industry.
– More “hardware infrastructure” is needed to complement the “software infrastructure” of the digital economy
– Innovative physical products and AI optimization of supply chains will also be essential.
– The era of the “next Uber/Deliveroo/PayPal/[insert app]” is over.
– To stand out, startups need to produce innovative physical products or new implementations of AI. We should think about, for example, building personalized assistant robots.
Here is the bottom line of article.
“Opportunities are vast and Indian entrepreneurs have the potential to benefit from them. On one hand, as Bain and Company point out, structural factors such as low leverage, tech adoption, and favorable demographics create conditions for India’s continuous growth. On the other, due to its relative market openness, bilingual workforce and global connections, India has strong soft power within the international business community. The potential of these strengths can be further amplified when combined with correct market positioning and strong leadership to fuel the next chapter of India’s growth story.”
Read the full piece here: Improved Logistics, New Physical Products And AI Integration Needed To Drive Next-Gen Startup Growth (outlookindia.com)
