Hyderabad: HSX-2019, a national startup conclave held at the IIIT-H, provided a platform for young startups to understand what it takes to make it big.
Speaking on ‘Journey to a Unicorn’, Kapil Bharati, Co-founder, Delhivery, said startups should make investment decisions based on their growth plans and not due to peer pressure. “If someone wants to be in a small market, it is perfectly alright. There is no need to invest big. Not all players need to grow at the same pace,” he said.
While Delhivery is successful, he said two of his other ventures did not do on the expected lines. One of them is even shut now, he explained.
“We wanted to address problems in last mile connectivity. We started with food delivery. Then came the boom of e-commerce. We thought we will deliver parcels between lunch and dinner. But with smartphone penetration, e-commerce has picked up big time. We now cover 1,800 cities, 16,500 pin codes. In the process, food delivery took a back seat,” he said.
Ganapathy Venugopal, Co-Founder of Axilor Ventures, who spoke on ‘The Next Wave of Entrepreneurship’, said India is seen as a supermarket of large problems and entrepreneurs are rising to the occasion.
The event also saw workshops held for early stage startups apart from a pitching event where 18 startups from ten cities presented their ideas 20 investors.
Technology players like Digital Ocean, Intuit Circles, Zacco, Msg91, The Capital Net and PowerAdSpy have showcased their products.