In India, more successful startup Founders come from lower rung cities. Ashish Sinha says the reason is they do not take things for granted
Analyse Asia is a weekly podcast hosted by Bernard Leong and features guests from across Asia’s vibrant tech community. e27 will republish the series covering a range of companies, topics and news analysis. To follow Bernard, and Analyse Asia, check him out on Twitter and Facebook.
Here are the interesting show notes and links to the discussion (with time-stamps included):
- How did Sinha get started in technology? [1:15]
- Before Sinha started NextBigWhat.com (formerly known as Pluggd.in), he had been working in corporations for example, Yahoo!. What are the interesting career lessons he learned? [1:45]
- What was the motivation for starting Pluggd.in in 2009 and subsequently evolved to NextBigWhat? [2:04]
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- India Startup Ecosystem [3:03]
- How does one navigate the startup ecosystem in a huge country like India? [3:08]
- What are the interesting trends in the Indian startup ecosystem? Over the past 3 years companies scaled up with huge valuations such as Flipkart, SnapDeal. [4:10]
- Banglore as the main startup hub and followed by MCR in Delhi [5:40]
- Decoding the India’s unicorns and high growth startups. [6:24]
- How many years has it taken for startups to grow from zero to becoming a unicorn? Average time to reach unicorn club is 6.1 years. [6:40]
- Do you really need a MBA degree to be a successful founder? 67% founders of unicorn startups do not have MBAs. [6:52]
- Does US experience or working for a MNC which is US-based important for the founders in India [8:00]
- Is there a correlation between age and successful founders? Does ‘work experience’ matter? 40% of unicorn founders do not have working experience. [8:19]
- What about metro vs. tier-2 cities founders in India? Does it matter? Surprising fact that the best Indian startup founders come from tier-2 cities and not the metro cities. [9:10]What is the interesting analyses that have arised in this report? For example, you have touched on some questions here:
- Which cities are most of the startups located in? Is there an equivalent to Silicon Valley (US) or Zhongguancun (China)? [10:38]
- What are the interesting startups and emerging unicorns in the following categories: [12:28]
- ECommerce: Snapdeal, Flipkart, Firstcry, Urbanladder.
- Payments: PayTM, Freecharge.
- Logistics: Xpressbees.
- On Demand Services: Olacabs.
- Real Estate: Housing.com
- Mobility and Internet of Things: Practo.
- Who are the major venture capitalists or angel investors in India? How do they invest in companies? [17:00]
- What is the impact of the India conglomerates such as the Tata Group, Reliance and Infosys to the startup ecosystem? [18:00]
- Are we seeing the rise of the Internet conglomerates in India similar to Baidu-Alibaba-Tencent (BAT) in China? If so, who are the likely candidates to be on that list? [18:55]
- Recently, Prime Minister Modi unleashed the initiatives for Startup India, what are the interesting policies, in your opinion, are interesting to the ecosystem? [19:25]
- With US funds slowing down their investments in the US, do you see the same situation happening to the unicorns in India? [19:47]
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