India is home to the world’s third-largest start-up ecosystem, having added over 1,300 tech start-ups in 2019. As per a Nasscom report, India will have 95 to 105 unicorns by 2025. Start-ups are bringing new jobs: they created 60,000 direct jobs in 2019 alone, compared with 40,000 jobs in 2018.
“However, like any other business, running a start-up is full of risk. In a start-up the risks are manifold, as they arise from uncertainty about the viability of the business, customer preferences, the technology the business relies on, future customer preferences, the overall policy and economic situation, existing and future competitors, etc.” — Mr. Bharat Panchal, Chief Risk Officer – India & Middle East at FIS Global.
It’s crucial to be aware of the risks one has to manage and to prioritise them appropriately. Start-ups are mostly led by young entrepreneurs who are less averse to risk and often ignore it. As the business grows, the entrepreneur should be cognizant of the risks the business may face, and take an informed call about which risks need to be mitigated and to what extent.
Equally important is raising funds. In this exclusive session we had start-up founder and CEO of PayNearby – Mr. Anand K Bajaj, and the CIO of Investment Trust of India – Mr. Mohit Gulati.
