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Startup ecosystem is redefining India’s economy: Ajay Kumar

In conversation with Ajay Kumar, CEO & Co-Founder, Appventurez who shares insights on how startups are redefining India’s business and economy with new technologies.
Triparna Ray July 25, 2022
Startup ecosystem is redefining India’s economy: Ajay Kumar - OpEd Moped

Startup ecosystem is redefining India’s economy: Ajay Kumar - OpEd Moped

How is India’s robust startup ecosystem growing?

India has the 3rd largest startup ecosystem in the world, where 2-3 technology startups are born every day and has become more conducive to entrepreneurship. Investments in startup ecosystem were highly defining in 2021 as private investors invested $30 billion in Indian startups according to the Indian Tech Unicorn report 2021. Such robust startups are redefining India’s economy and fostering the startup ecosystem buzzing with new technologies and innovation while creating employment for developers.

What kind of business opportunities do you see in this segment?

Internet, mobile, and tablet usage is expanding and younger population is driving this into the business opportunities for tech startups. This fast-paced digitization and development in technology infrastructure is providing a significant boost in business opportunities. With recent advancements in computer science, machine learning, artificial intelligence, Indian entrepreneurs are on their way to make the nation into a technological hub to look up to.

What challenges do entrepreneurs face in building a startup?

When entrepreneurs or a business owner initially starts the business, they are accountable for several tasks- from juggling in between odd working hours to selecting a business model, writing a detailed business plan to attract potential investors, building a customer base, and focusing on cash flow- these are the few challenges that entrepreneurs face in building a startup.

What is your current go-to-market strategy to drive growth?

Appventurez focuses not on just company’s growth but also maintain a mutual understanding of its people to grow towards excellence. Our core values are meant to deliver an ever-lasting user experience to exceed clients’ expectations. And that’s why we take complete ownership to lead the way towards achievements. Our go-to-market strategy attains a strong withhold in balancing the understanding of clients’ motives and our core values. We recognize the areas of optimization and provide scalable solutions for constructive business excellence.

What are the top technologies you will be focusing on in 2022?

We strive to create a better future for our customers, employees and, community while serving as a trustworthy technology partner and app development firm. Appventurez is currently focusing on providing quality services backed by top technologies such as Node JS, React JS, Angular, React, Native, Flutter, Blockchain, Python, Golang, Kotlin, .Net, php laravel, VueJS, WordPress, Artificial intelligence, IOT solutions and etc.

Dual degrees will benefit students & create more jobs: N Dhaliwal

Triparna Ray

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