'Investments are Now Happening on the Basis of Sustainability of the Companies' - Rana Atheya, DogSpot.in
DogSpot is a one stop platform for all the dogs' needs. DogSpot aspires to solve problems in the dog world, by aggregating and organizing information, bridging gaps and hence bringing the community closer. While the pet industry is showing an upward trend, it is yet to establish a strong foothold in India. In such a scenario, there is a need for someone to rise above the rest and bring in an organized platform for Dog lovers. This is precisely the space in which dogspot functions. Today DogSpot.in is a destination for people seeking premium content. The team is well networked to gather information and present it correctly to the Indian Dog world from almost all parts of the country.
At BW Disrupt Dialogue Series event, BW Businessworld team interacts with Rana Atheya, CEO of DogSpot.in and asked about the investment scenario in Indian startup ecosystem.
Excerpts from the interview:
What are new trends you see in investment when it comes to the Indian Startup Ecosystem?
What I see is, a lot of investments are now happening on the basis of what is the sustainability of the company. Earlier, profitability and other things, were not taken into account as much as the GMV and the growth were taken in account. Now, more emphasis is there on that 'How the matrix looking like? What is unit economics? How soon can this business become profitable?' So that are the new trends that I have been observing and people are now building businesses which are more real in the sense of the profitability.
It is almost 3 years of Modi government, so did the startup industries get anything from the government side?
If you look at the actual thing, not really. There is definitely a lot of positivity in the environment, a lot of euphoria. But I think it is too early to expect. The policy changes, and national level changes so it takes some time. I think we need to give more time to the government for it.
