India is on a cusp of an entrepreneurship revolution and this is the best time to start a business, said Radhika Aggarwal, co-founder of e-commerce firm Shopclues at ‘Manifest—The Founders Summit’, a two-day event co-organized by not-for-profit platform The PRomise Foundation and intellectual property specialist company Event Capital in Delhi on Friday.
“There has never has been a better time than now to do any kind of business in India,” said Aggarwal, adding that the demographics of the country are very strong. “People join us with full passion. You can inspire them to do the best work of their life,” she said, adding that the average age of employees in Shopclues is 26 years.
Other entrepreneurs at the summit—Raghav Bahl, founder of Quintillion Media, and Ameera Shah, promoter of Metropolis Healthcare—shared stories of their entrepreneurial journeys.
Bahl, also the founder and former managing director of Network18, said start-ups should not just look for growth and scaling business but also keep a firm grip on cash flows.
He said while growth with cash flow may be slow, it will be far more stable.
Shah said to run a successful venture, a healthy organizational culture is very important. Every organization should empathize with its employees and try and understand their problems and help them improve their strengths.
According to her, only when a company’s employees are satisfied will they be able to keep their customers happy.
The two-day summit is expected to witness over 55 speakers from across sectors such as finance and fin-tech, aggregation, new media, healthcare, food and beverage, edu-tech, social impact and technology.
Mint is a strategic partner of the event.