Neobank Open closes $50 million funding round led by. With over 60,000 startups recognised by the Department of Promotion of Industry and Internal Trade (DPIIT) of India, with around 14,000 being recognised in FY2022 alone, India’s startup ecosystem is growing rapidly.
Much of this growth has been driven by strong private equity investor interest and favorable government initiatives. However, Indian startups today also face heightened market volatility and macroeconomic uncertainty, slowing funding in the ecosystem, and an increasing focus on profitability and fundamentals rather than a growth-at-all-costs model.
To develop a roadmap to address the challenges facing Indian startups and identify the next growth opportunities in the ecosystem, the last day of ET India Inc Boardroom 2022 will discuss the topics of startups and entrepreneurship.
At the event, startup founders, innovators, policy makers and business leaders at the heart of India’s new economy will focus on innovation opportunities in industries such as healthcare, next billion dollar startup opportunities and tackling the current operating environment strategy for building resilient businesses.
The five-day ET India Inc Boardroom 2022 event kicked off on 16 May 2022, with each day thereafter focusing on a key theme including the economy, ESG, financial inclusion, and digital transformation and automation. ET India Inc’s boardroom, rightly called India’s largest corporate boardroom, will host a virtual meeting for over 10,000 attendees worldwide through May 20, in collaboration with partner Commerzify and knowledge partner Bain & Company .
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ET India Inc Board Day 5: What to Expect
- Health Tech: The Next Billion Dollar Entrepreneurship Opportunity
According to IBEF estimates, the Indian healthcare market will be worth $372 billion by 2022. Given the huge market, medtech has become a field with multiple opportunities for innovation, thus attracting great interest from venture capitalists. Online counseling, therapy and door-to-door delivery of medicines and nutritional supplements have helped health tech startups prove their mettle during the pandemic. Indian Council of Medical Research (ICMR) F Scientist Dr. Kamini Walia, author, Guardian Pharmacy founder and founder Gaurav Agarwal and TATA co-founder Gaurav Agarwal 1mg participated in a panel discussion moderated by Bain & Co. Partner Parijat Ghosh.
- Is the talent crunch the next big hurdle for Indian startups?
According to ManpowerGroup’s research report on talent shortage in 2020, as many as 63% of Indian companies report a talent shortage. At ET India Inc’s 2022 Board Meeting, CleverTap Chief Customer Officer Abhishek Gupta, ZappFresh Founder and CEO Deepanshu Manchanda, Orios Venture Partners SVP Vinit Bhansali and Bain & Company Sr. Manager Gustaf Ericson share talent-hungry companies across industries real-world situations faced and shed light on steps that can be taken to overcome obstacles in the growth of Indian startups.
- Closing keynote with Karan Singh, Managing Partner, Bain & Co – India
The business environment is changing at an unprecedented rate. Board agendas are being redefined to steer businesses toward purpose-driven goals, rather than profit-driven ones, to create long-term value. A key growth driver remains building resilient, purpose-driven businesses that are able to navigate disruption and adapt to today’s changes, while facilitating long-term strategic focus and decision-making to drive performance that not only meets shareholder goals, but also the company target environment and society as a whole.At the closing session of ET India Inc Boardroom 2022, Bain & Co – India Managing Partner Karan Singh will speak on Next Steps in India: Defining the Board Agenda for Future Purpose-Driven Organizations. He will highlight how organizations can build a purposeful corporate culture and how decision makers can formulate and define a business purpose that inspires employees and instills a greater sense of meaning for all stakeholders, while improving performance.
The five-day ET India Inc Board of Directors event kicked off on Monday, May 16th. Each day focuses on one theme. The first day of the event was about economics, the second day was ESG, the third day was financial inclusion, and the fourth day was a discussion on digital transformation and automation.
For more information on the ET India Inc Boardroom 2022 event, visit the website