Moneycontrol
Masterclass Ideas For A New India

Layoffs, funding crunch, shutdowns
Is the great Indian startup party over?

02 June, Thursday 06:00 pm - 07:00 pm

Meet Our Speakers

Sanjeev Bikhchandani

Sanjeev Bikhchandani

Founder, InfoEdge

Sanjeev Bikhchandani is the Founder of Info Edge India Ltd. - the company that owns Naukri.com, India’s leading job site. It also owns 99acres.com, Jeevansathi.com and Shiksha.com. In addition it has invested in promising internet start-ups such as Zomato, Policybazaar, Shopkirana, Ustraa, Gramophone, Shipsy, and Printo, among others.
In 1997, Info Edge launched Naukri.com and transformed itself into an Internet company. Starting off from a servant quarter above a garage and with seed capital of two thousand rupees, the company grew and attracted investment from leading venture capitalists. It was the first Internet company to list on Indian stock exchanges. Today Info Edge employs over 4000 people and has a market capitalization of over USD 4 billion.

Ashwini Asokan

Ashwini Asokan

Founder & CEO, MadStreetDen

Ashwini Asokan is the Founder & CEO of Mad Street Den - a Computer Vision and Artificial Intelligence company founded in 2013. The company is headquartered in the Bay Area, California with offices across the globe, including Chennai, Tokyo, London, and Dubai.After a successful decade in Silicon Valley, she returned to India to bootstrap her startup with her husband, Anand Chandrasekaran, a neuroscientist. As a product leader working at the intersection of socio-cultural and technological systems, she wanted to explore how AI can be brought out of science and tech labs, applied meaningfully across industries, and made accessible to billions of people across the globe.

Anand Lunia

Anand Lunia

Founding Partner, India Quotient

Anand Lunia is a founding Partner at India Quotient. He loves writing on startups, studying market opportunities and helping entrepreneurs. Earlier, he was a partner at Seedfund, known for its exits in Carwale and Redbus. He co-founded Brainvisa, an edtech startup, after graduating from IIM Lucknow. His angel investments include Faasos, Mydentist and Inkfruit. His picks at Indiaquotient include Lendingkart, Sharechat, Iimjobs, Loantap, Sugar, Faballey among others.

VT Bharadwaj

VT Bharadwaj

General Partner, A91 Partners

Focused on investing in passionate entrepreneurs chasing emerging India themes in consumer, pharmaceutical, healthcare, financial services and technology. Led investments and was a board member @ Prataap Snacks ('Yellow Diamond'), La Renon Healthcare, Indigo Paints, Go Colors, Hector Beverages, Healthkart, Suburban Diagnostics, Raw Pressery, Wingreen Farms, Innovcare Pharmaceuticals, Faces, Amogha Polymers, Urban Ladder and Genesis Colors

K Ganesh

K Ganesh

promoter of BigBasket, Portea Medical

Ganesh is a successful serial entrepreneur with four successful greenfield ventures and exits. He currently runs GrowthStory.in, a leading venture builder platform that promotes and incubates new ventures along with great entrepreneurs. Over the last few years, GrowthStory has promoted leading companies like Bigbasket.com - India\'s largest eGrocery company, Portea Medical - India\'s largest home healthcare company, Bluestone.com - a leading online jewellery company, FreshMenu - India's largest B2C food tech company, HomeLane - India's leading end to end, vertically integrated interior design and manufacturing provider, HungerBox - India's largest B2B foodtech platform, Verloop.io - an AI/ML solutions provider.

What To Expect

Welcome to yet another edition of Moneycontrol Masterclass.

A spike in inflation and hike in interest rates after the abundant liquidity last year has had a knock-on effect on startup funding, as investors cut down on investments to public and private markets, and move money to safer heavens.

Lockdowns across the world have also impacted supply chains. Add to this the Russia-Ukraine war, which has pushed up fuel prices and consequently transport costs. All around, the sentiment has turned bleak, a stark contrast to the euphoria in 2021, where India minted a new unicorn almost every week.

Startups have resorted to layoffs, shutting down non-core verticals, rationalising marketing and advertising spends and have gone on a hiring freeze, as they enter a bleak period, after a blockbuster funding party that lasted for nearly two years.

What does the near term hold for startups? Is rationality coming back to the ecosystem? Is the focus back on profits from growth at all costs?

Find out with an ace panel on this week's edition of Moneycontrol Masterclass

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