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BW Businessworld

Entrepreneurship Takeaways From Seven Tech Founders

Founders from tech startups Love in Store, Bolo Indya, SunSource Energy,, Zappfresh, GlamStudio & IndiaLends share firsthand experience on being a tech entrepreneurship

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(L-R): Mayank Kachhwaha, COO & Co-Founder, IndiaLends; Deepanshu Manchanda, Founder & CEO, ZappFresh; Adarsh Das, CEO, SunSource; Aditya Goel, Co-Founder, Love in Store (Session Chair); Feeroz A Khan, Co-Founder & CTO, GlamStudio; Ankit Prasad, Founder & CEO,; Varun Saxena, Founder & CEO, Bolo Indya

In today’s fast-paced world, where entrepreneurship means being on the ball, founders remind that there are times when businesses should slowdown to look at the bigger picture and ascertain what they really want. Seven tech founders share experiences that entrepreneurs in India are facing.

Love in Store’s Co-Founder, Aditya Goel on understanding entrepreneur psyche
“Founders are very emotional about their business. You need to communicate effectively. Communication should come through the right channel. When there is proper communication the dynamics flow smoothly. Founders have high expectations for several reasons such as the hard work and passion which should not go to waste. The ability to raise money is critical as founders need several resources to drive their companies or firms.”

Adarsh Das, CEO, SunSource Energy on government expectations
“We run a B2B (business to business) solar energy services provider. We don’t have huge solar plants but we are in 25 states in India. We expect the government to let us get on with our work. As we worked with many assets, we have a line-up of investors. We would like the government to let us get on a stable policy environment. Clarity and policies are needed as a lot of times the procedures and rules are not clear.”

Ankit Prasad, Founder & CEO, on breaking barriers
“We build technologies with input methods. We have impacted more than 25 million people through our services. We have introduced 37 Indian languages and 77 global languages as we believe we should not let there be language barriers. When it comes to manufacturing we have to accept that China is the hub of the world because they have the cheapest labour in the world. We have a chance of also becoming the biggest technological hub of the world.”

Deepanshu Manchanda, Founder & CEO, Zappfresh on a complete ecosystem
“We have been working in the market for five years now. We make fresh deliveries of food at home. There are lot of subsidies so not too many challenges there, but the favourable part of the ecosystem is missing for sure.”

Feeroz. A. Khan, Co-founder & CEO, Glamstudio on enabling entrepreneurs
“We create entrepreneurs by making them entrepreneurs. Ours is a technology services company. Wherever a marketing strategy is lacking we help them. We fill in that ecosystem gap. We need more support from the government.”

Mayank Kachhwaha, COO & Co-founder, India Lends on growing the pie
“India Lends is a credit tracking platform for consumers. We have six million users on our platform. We have been around five years and we have 7,00,000 customers. There is not enough in this ecosystem in Delhi or Bangalore and that is the sad part.”

Varun Saxena, Founder & CEO, Bolo Indya on government reforms
“We have a knowledge-based application to share content like political, social, economic, marketing etc. I hardly find any language platforms. We need proper government reforms as we have a large number of stakeholders.”

These seven entrepreneurs took the stage at the BW Businessworld and BW Disrupt TechTors 2020 that concluded on January 23, 2020 in New Delhi.

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