Depending on who you ask, the amount of venture capital invested in India’s new business in 2015 is estimated at between $ 5 billion and $ 10 billion. Thousands of business people looking for stars have been building Top 10 Early Startups that appear to be bulletproof in an attempt to attract seed money and owners. Only a small proportion of them have gained the confidence of adventurous capitalists. Also in this rare collection, the chances of expanding business range from being multimillion to tens of millions, and hundreds of millions, and hopefully a trillion (a state full of unicorns) is small. Despite all the excitement about new companies, in India there are barely eight monopolies. Several ideas, which were promising, failed after the work plans were stopped and the funding taps were closed.
While Flipkart’s exclusive club in India (valued at more than $ 15 billion with the latest round of financing) has been quite welcome, a group of emerging start-ups believes they have what it takes to add to the group. For example, Grofers, a hyperlocal grocery delivery company, has seen its assessment double by 10 in 12 months.
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The economic cost of the OYO Chamber is barely two years, valued at about $ 400 million and is a strong competition to make the jump worth $ 1 billion. Away from the starting lights in Bengaluru and Gurgaon, CarDekho’s founders in Jaipur negotiated a crowded market to build an online car park worth at least $ 300 million. Another company on this list, Shop-Clouse, suffered in 2013, with its executive director and co-founder who was arrested in the United States. The United States, before recovering with a $ 100 million financing round in January 2015, reported a company worth $ 300-350 million. Despite these astounding sound numbers, there are no guarantees of success in the new dwindling corporate world, leading to the birth of a rhinoceros enemy: the wild space, or monasteries of the previous century that now worth less than a billion dollars.
Consider Housing.com, founded by dozens of IIT colleagues just three years ago Mergers and Acquisitions, which sought to re-visualize the way real estate transactions were conducted online.
At a time when business was booming at first, growing tensions between investors and non-committed CEOs saw a decline in the company’s fortunes. Once they are listed as a strong candidate to jump to a new Unicorn, bankers and investors now say that the company’s valuation may be half or a third of what it was at its peak.
As a company valued at $ 1 billion, companies are no longer organized, strange ideas about a founder or a wonderful corporate team. As companies seek to achieve this unicorn situation, they have to deal with dozens of investors and run a business that is even more complex as they search for new ways to grow. The founders are fully aware of these challenges, and some are trying to reduce the aura associated with this brand.
However, the tag gives certain percentages for your business. The billion-institutional valuation allows access to some of the largest investors the opportunity to create multi-million dollar companies, and at the end of the day, bragging rights after having survived a few early years of Top 10 Early Startups.
In an attempt to find the next big thing in the startup ecosystem in India, ET Magazine spoke to some of the smartest minds in risky investments to address a list of 15 companies that we believe will be the next participants in this elite club. Read on to get a glimpse of these newborns in alphabetical order:
Inderpreet Wadhwa, the founder of Azure Power, comes with compelling proportions. Born and raised in India, he moved to the United States where he completed his MBA at the University of California, Berkeley. He continued to improve his business skills in the Silicon Valley, where he lived for ten years and worked in a number of technology companies.
That was in 2007, when he was on a personal trip to India, there was a beginning of error and solar fever. “Talking to people in the government here made me feel that there is enormous potential (in the solar sector),” he recalls. Even internal and external challenges were enormous. There was no regulatory framework for solar energy in India at that time. The cost structures were steep. But the biggest challenge came from his father. “He was very skeptical and I do not want to leave a comfortable career in the United States for a routine here,” recalls Edwa.
Today, everything is history, thanks largely to the well-organized national land policy of India, which created an aggressive target of 1,00,000 megawatts of solar power by 2022, only 3,000 MW in December 2014. Wadhwa’s ambitions on A similar path. Start your pure play “one of the most successful and ex-players who have managed to get reputed money with IFC investors,” says Vinnie Rustagi, director of a bridge consulting firm to the director of India. Mergers and Acquisitions has about 250 megawatts of solar power and about 515 megawatts in the pipeline in 14 states, many of them in Punjab. As for his father, “After I won a contract, I changed it, and now it’s on board,” says Adwa.
Investors see Wadwa as a leader in this sector. “Azure has entered solar power when it was not in India and is well placed to build 5 gigawatts of solar power in three to five years,” says Sanjeev Agarwal, co-founder of Hellenic Venture Partners and an Azure investor.
The renewable energy space is a $ 250 billion investment opportunity in India, according to some estimates. With the support of the Mody government of renewable energy entirely, the industry can be expected to get a lot of policy support to facilitate failure. Therefore, from the strengthening of the electricity grid and the establishment of solar parks, to the regulation of tariffs and the establishment of mechanisms for the isolation of solar producers from the city electricity boards, a series of initiatives are being implemented. . In addition, with better solar technology and immersion costs, solar energy is almost equal to the grid, increasing its attractiveness.
Azure Power faces two major challenges, one of which is the curse of the winner. What he calls a lot of irrational abundance, aggressive presentation takes rates to unsustainable levels in this sector. Another winner’s bid in Andhra Pradesh was 4.63 rupees per unit, which could cause problems in feasibility. “This interest has been present in all the presentations in the last three or four years,” says Santosh Kamath, director of renewable energy at KPMG India, which seeks to allay these fears.
Second, the sector is witnessing large amounts of funds, such as Softbank (with access to cheaper funds), which want to invest $ 20 billion in solar projects in India. So the smaller players like Azure will face it. At the same time, Rostaji believes that Azure will get the same thing. “This is just the tip of the iceberg, I think different players will find their outlets.” Azure will be equipped with a good network in India to equip and implement small, unattractive Top 10 Early Startups projects for big players, and will benefit from outlets such as the highly thought-out surface projects.
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