Author
The author is Executive Vice President, Wadhwani Catalyst Fund at Wadhwani Foundation
Technology is driving the innovation required by businesses to pivot and scale. To survive and thrive, there is no shying away from digitization.
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AI’s transformative potential arises from its ability to lend itself to diverse applications across various sectors and business functions.
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By 2030, India will need to create ~90 million new jobs in the non-farm category to cater to ~60 million entering the workforce as per current demographic trends and an additional 30 million workers who could transition from farm-related work to more productive non-farm related sectors
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With the growth of these startups, there is a significant upturn in the economics of their cities and regions, attracting more firms to these regions and creating a virtuous cycle of innovation, economic growth, and employment generation
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The adoption of digital technologies in India has been accelerating. Artificial intelligence, robotics and dependence on machine learning are driving the future of work
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As we have seen across cycles, some of the most successful companies have been built post any big crisis. In the US, where a large number of unicorns have been created in the past, we have seen an increase in the pace of unicorns addition over time
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In 2020, around 90 ed-tech companies received investment of which 61 players have received seed funding
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With increased globalization and technology, proliferation of Indian startups continues as they paint Indian brands on the world canvas.
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Cloud has significantly changed the way we save and share data and communicate remotely. Various file-sharing applications have enabled safe and seamless access of information across locations.
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Most of these companies are funded initially by impact investors and in subsequent rounds, see increasing participation from VCs and traditional investors as the business model stabilizes.
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