Start, Execute and Scale-up: Key Take Away Of Entrepreneur Summit 2022
The 12th edition of Entrepreneur Summit 2022, witnessed by several entrepreneurs and aspiring businesspeople, was concluded on September 22, 2022 with many nominated entrepreneurs winning awards in various categories. The show was inaugurated by the Joint Secretary, Ministry of Road Transport & Highways Amit Ghosh.
Emphasising on the start-ups in India, Ghosh said that 43 start-ups turned into unicorn last year which only nine in the year 2020. “Startup India is instrumental in making India self reliant. Last year, we had 43 startups became unicorns. This figure was just nine in 2020,” he said.
The two-day show was held in JW Marriott Hotel, Aerocity in New Delhi starting from September 20 to 21.
In this event various sessions were held on different topic in order to give insight about the most successful business in industry to the people who want to grow their businesses. On day one, there were more than ten session including Strengthening the Innovation Ecosystem, Can you future-proof your growth?, How to build a community in a fragmented world, Fireside Chat: How Champions are made in Sports & Business, A new dawn for delivery:, The cultural express:, How CEOs are leading companies through reinvention, Fireside Chat, Building a culture of innovation and Building a culture of innovation among others.
Meanwhile on day two, the sessions included, the rise of mission-led fintech, Funding ’22: What Startups Can Do To Win Over VCs, Tech behind Fintech, Early Stage to Profitability and From early stage to acquisition among many others.
The event was also attended by prominent businesspeople such as Boat Co-Founder Aman Gupta, Sugar Cosmetics CEO Vineeta Singh and Unicorn YouTuber Alakh Pandey.
Addressing a session, Aman Gupta emphasised on having an experienced CEO in the company in order to grow. He said, “Without an experienced CEO, a company cannot grow.”
He said, “When you start making profit, you should start investing in the business to grow further and if you want to grow, never take your customer for granted.”
Meanwhile sharing her experience with Entrepreneur magazine, Sugar Cosmetics CEO Vineeta Singh said that the magazine had been a very important part her journey. “I have been following this magazine for over a decade now and it has been a very important of my entrepreneurial journey,” she added.
She said that make up is a category with which women in India have complicated relationship with and 40-50 per cent of Skincare market in India is unorganised which indicates the brands to work in this sector and grow. She said, “If I will not be able to understand my customers then I will not be able to build the brand.”
Meanwhile there was an insightful session on Blockchain and Metaverse which has created a buzz in the digital industry for few years now. During the session, Karan Amabwani, India Lead, dYdX Foundation said that the type of financial system we have in India can be created more transparent and smooth.
Metaverse, Blockchain and Web 3.0 has always been the centre of the issue related to the privacy concern. Due to new IT rules many foreign companies have shifted their server to other countries in wake of this issue. While speaking on the issue, Praphul Chandra, Founder, KoineArth said that the industry might have to give up something despite people love being anonymous.
“I think we have to sacrifice privacy in medium term in order to comply with regulation despite the blockchain fanatics loving it.”