'Indian startup ecosystem on par with global standards'


New Delhi, Feb 27 (IANS): The startup landscape in India is now on par with global standards, witnessing a shift where startups have become more mainstream, industry leaders said on Tuesday.

Addressing the India Digital Summit (IDS) 2024, Hitesh Oberoi, Co-Promoter, Managing Director & CEO of Naukri, said, "There's a notable rise in the quality of startups and their founders, with a shift from skepticism to a widespread eagerness to collaborate with startups."

"Deep tech startups, particularly those leveraging fundamental technologies for innovation, show great promise for the future," he added.

IDS is being organised by IAMAI in partnership with the Ministry of Electronics and Information Technology (MeitY), the Ministry of Information and Broadcasting (MIB), the Ministry of Tourism, UIDAI, the Indian Cybercrime Coordination Centre (I4C), Government eMarketplace, In-Space and Skill India Digital.

Oberai also mentioned that the 'Info Edge' underwent a transformative shift in the 2010-2015 era, anticipating the rise of mobile phones as a central platform.

"Recognising the importance of adapting to this shift, we reimagined our user experience for mobile, facing challenges in hiring designers and Android developers trained in web development. Today, 70 to 90 per cent of our business thrives on the mobile platform," he said.

Oberoi concluded by advising newer startups and entrepreneurs that generating revenue from customers is vital, instead of relying solely on investors.

 

  

Top Stories


Leave a Comment

Title: 'Indian startup ecosystem on par with global standards'



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.