Startup
15 entrepreneurs to keep an eye on in 2024
Innovation, motivation, curiosity, creativity, passion, vision, adaptability, leadership, willingness to take risks….all this and more make an entrepreneur.
Entrepreneurship Essentials, from Harvard Business School, defines entrepreneurship as “the pursuit of opportunity beyond the resources currently controlled.” It notes that entrepreneurs—either individuals or teams—actively scan the environment “for opportunities, or discover them as they live and work. They form hypotheses about what customers want or need and how they can deliver value to the customer”.
India seems to be winning the startup game with its entrepreneurs. The country is home to the third largest startup ecosystem in the world, with thousands of startups emerging every year. With the country set on an exponential growth trajectory, here are the 15 entrepreneurs set to make a mark in 2024:
Jayant & Akanksha, Ala Mode
Akanksha and Jayant Sethi are the dynamic siblings behind Alamode By Akanksha, a trailblazing fast fashion brand in India. Since its inception in 2016, Alamode has blended innovative designs with affordability. Akanksha’s creative genius and Jayant’s business acumen have helped create a brand that resonates with the modern woman. Their unwavering dedication to quality and style has made Alamode a household name. As visionary entrepreneurs to watch in 2024, Akanksha and Jayant continue to redefine the fashion landscape with their passion and ingenuity.
Gopesh Khandelwal, Founder & CEO,Grocket
Gopesh Khandelwal is a seasoned entrepreneur, fractional CMO, and marketing strategist at Grocket with more than eight years of experience. Launching his first venture at 17, Khandelwal has since collaborated with over 200 companies worldwide, transforming diverse industries with bespoke strategies. Specialising in personal branding, content marketing, and performance marketing, his strategic acumen has helped him excel in D2C branding. Khandelwal’s unique blend of brand vision, creative thinking, and digital expertise has enabled him to build high-performing teams, develop scalable strategies, and drive constant growth.
Vikas Sharma, Founder, MyPerfectPack
In the dynamic world of entrepreneurship, Vikas Sharma, the trailblazing founder of MyPerfectPack, a brand under Ekennis Software Service Limited, stands out. In under three years, he established and listed MyPerfectPack, achieving remarkable global growth. MyPerfectPack revolutionises the printing and packaging industry with No MOQ (Minimum Order Quantity) solutions, serving clients in 190 countries. This groundbreaking approach makes high-quality, customisable printing accessible to businesses of all sizes, from startups to enterprises, enabling efficient, cost-effective scaling. Sharma’s visionary leadership and relentless innovation have positioned MyPerfectPack as a pivotal player in the global market, addressing unique needs with comprehensive services.
Sanjeev Kathuria, Founder & CEO, Torbit Consulting
Sanjeev Kathuria, Founder and CEO of Torbit Consulting, is a renowned entrepreneur with over three decades of experience in the real estate sector. Under his leadership, Torbit Consulting’s marketing, sales, and construction verticals have achieved inventory sales exceeding Rs 15,000 crore, including the successful completion and sale of stalled premium housing project, ‘The Grande Meerut’. Kathuria has significantly contributed to industry knowledge through Torbit Realty, Torbit Property, the Torbit Consulting website, and the Torbit YearBook, establishing a strong presence in the industry and solidifying his reputation as a visionary leader.
Kapil Vaishnani, Founder, Litmus Branding
Established in 2001, Litmus is an Ahmedabad-based core designing, branding and digital marketing agency. It stands on a foundation of strategic thinking and creative excellence, having built a diversified portfolio of solutions in brand strategy, asset development, and marketing. Under Vaishnani, the agency blends traditional values and modern perspectives, reflecting its strong, long-term partnerships with SMEs & large corporate clients across sectors such as education, technology, building & construction, FMCG, etc. Litmus aims to be an intellectually-driven and continually-growing organisation.
Aman Chainani, Founder & MD, Pacific Hospitality
Aman Chainani is changing things up in Hyderabad with his brands, showcasing excellence in the hospitality industry through NOHO and AIDU. A dynamic entrepreneur and F&B business leader, he began his culinary journey with a vision to redefine dining experiences in his city. After extensive research and a stint at Zomato, Chainani introduced a new brand in Hyderabad when he was 23 years old. Despite pandemic challenges, he launched three new brands, including RAAHI in Bangalore and Proxy in Hyderabad. Chainani aims for global recognition with curated cuisine and craft cocktails, and is eyeing substantial business growth.
Dr Vassundara Nattes, Co-founder & MD, Aeliuscity HR Solutions
Vassundara Nattes sees every single day as a learning opportunity. As Co-founder and MD of Aeliuscity HR Solutions, she has transformed the company into a significant player in India’s HR outsourcing and upskilling sectors since 2018. Beyond Aeliuscity, Nattesserves as an independent business consultant and a proactive social activist. She excels in various domains, including technical recruitment, market strategy, and performance marketing. Recognised in Forbes’ 40 under 40 and chosen as Times of India’s 15 Promising Entrepreneurs of 2023, Nattes’s journey is a testament to her entrepreneurial spirit.
Ravi Prakash Gupta, Chief Product Officer, Uppwise
With more than two decades of experience, Ravi Prakash Gupta, Chief Product Officer at Uppwise and Co-founder of Tritv65, is a visionary leader in IT and SaaS innovation. His expertise in cloud-based products, particularly in project and portfolio management, has driven substantial growth and innovation at Uppwise. As a co-founder of Tritv65, Gupta is dedicated to developing cutting-edge B2B solutions that address modern business challenges. Beyond product development, he mentors tech professionals, fostering a culture of continuous learning and innovation.
Ankur Chawla, Co-Founder, Responsible Whatr
Ankur Chawla dons many hats with elan: passionate entrepreneur, award-winning sommelier, author, and speaker. He is the co-founder of Responsible Whatr, India’s first company that packages natural spring water from the Himalayas in recyclable aluminium cans with the intention of reducing the single-use plastic problem. He is also the founder of ScopeBev, a leading F&B consulting company.
Kamalkar Devaki, Co-founder & CEO, SandLogic
Kamalakar Devaki is the Co-founder and CEO of Bangalore-based SandLogic, a full-stack AI company offering an advanced LLM Studio platform offering role-based data access for secure enterprise AI deployment. Under his leadership, SandLogic developed the ExSLerate AI co-processor chip, achieving scalable performance up to 10 TOPS for robust on-device intelligence. These innovations significantly advance the AI landscape by ensuring security, efficiency, and power in AI applications, positioning Kamalakar Devaki as a pivotal figure in AI technology in 2024.
Manisha Chaudhary, Managing Partner, UKCA and Partners
Manisha Chaudhary, Managing Partner at UKCA and Partners, holds the principles of the law in the highest regard, while also believing that justice must have a deeper significance. “I believe in anticipating potential challenges and providing legal assistance that aligns with business strategies and commercial insight,” Chaudhary says. She has diligently built a firm where client interests are central, upholding a commitment to quality and integrity. Her firm emphasises innovation, efficiency, and expertise to deliver outstanding results. Recognised across various niche practice areas, UKCA and Partners has earned numerous accolades and awards.
Abhinav Mathur, CEO & Managing Director, Kaapi Machines
A visionary leader with over 20 years of experience, Abhinav Mathur transformed Kaapi Machines into a trailblazing coffee consulting and innovation powerhouse. Since joining Kaapi Machines in November 2017, he has introduced cutting-edge equipment and comprehensive services, and been the driving force behind the company’s remarkable growth trajectory. Mathur’s passion for coffee drives innovation, making Kaapi Machines a one-stop solution for top coffee businesses nationwide.
Vikram Goel, MD, UNOX India
With over 25 years of experience, Vikram Goel excels in setting up organisations from scratch and defining sales, marketing, and service structures. As MD, he develops proactive sales networks and client retention programmes, and adapts to market dynamics. Goel’s expertise lies in creating brands using cost-effective yet efficient offline and online marketing tools. He drives results while fostering personal and professional development, connecting individual drivers with business objectives to cultivate an entrepreneurial mindset among employees.
Aarushi Singhal, Founder, Blend it Raw Apothecary
Blend It Raw Apothecary was launched in 2017 with the goal of becoming India’s leading zero-waste store for pure, raw ingredients that catered to natural beauty, herbalism, aromatherapy, and wellness enthusiasts. Aarushi Singhal, the Founder of Blend It Raw believes in the power of nature to heal everything. “Blend It Raw Apothecary began with the goal of unearthing the power of nature to help with self-care. Starting with just a DIY Hair Mask kit, we gradually expanded into the diverse product range you see today,” she says.
Sunita Lad Bhamray, author and playwright
Sunita Lad Bhamray, a former educator, is a prolific author, playwright, and screenwriter. She has five books to her credit, including the recent bestseller Kalee and the Mysterious Twins. Bhamray has captivated young audiences through her YouTube channel featuring enchanting children’s short stories like Foodle’s café and Ah Chang the Trishaw Man. Her well-received plays have complemented her successful short films, Nirjhari and Sahaasi; Dateline Singapore. An ardent environmentalist and nature enthusiast, her work intertwines elements of nature, animals, plants, and people, leaving a lasting impact on readers and viewers alike.
Startup
Flipkart’s delivery arm Instakart reports widening losses, lower revenue in FY24
Flipkart’s delivery service arm Instakart’s FY24 losses increased multifold to Rs 1718.4 crore, from Rs 324.6 crore in the previous year, hurt by higher expenses and marginally lower revenues.
The company, which is in the logistics, warehouse, courier and allied services business, clocked an operating revenue of Rs 12,115.3 crore in FY24, 5% lower than Rs 12,787.4 crore it posted a year ago, according to filings made with Toefler.
During the period, the company’s total expenses increased 6% to Rs 14,149.4 crore, mainly driven by employee benefit and other expenses.
Logistics services accounted for the majority (about 78%) of Instakart’s total operating revenues, with Rs 9,429.8 crore, marginally lower than what it collected in the previous year.
Warehousing services, which accounted for about 10% of total operating revenues, witnessed a 28.4% drop in revenue, while collection services, which accounted for 12%, remained stable.
Just a week ago, Flipkart Internet reported a 21% rise in FY24 revenue at Rs 17,907.3 crore helped by rising income from its advertising services.
Flipkart India Ltd, which is Flipkart’s business-to-business (B2B) arm, reported a 26.4% rise in revenue from operations at Rs 70,541.9 crore in FY24.
Startup
Google Cloud to boost support for early-stage AI startups with new programmes, partnerships
has rolled out a range of programmes and partnerships to accelerate the growth of AI startups In India. The initiatives, announced at an AI Startups Summit in Bengaluru, will support early-stage AI founders in building, scaling, and expanding their customer base through the utilisation of Google Cloud services.
The tech giant recently introduced Emerging ISV Partner Springboard—a 12-week programme designed to fuel growth for AI startups. Participants will benefit from hands-on support in creating go-to-market assets, consultations with Google AI experts for product refinement, guidance on technical architecture best practices, and streamlined onboarding to Google Cloud Marketplace.
“Google is committed to empowering AI startups to drive innovation and growth. These initiatives demonstrate our dedication to providing critical support and resources to early-stage founders, helping them build and scale successful AI-powered businesses,” said Manish Gupta, Senior Director, Research, Google DeepMind.
During a fireside chat at the Global Google Cloud Summit, Google Cloud CEO Thomas Kurian applauded startups leveraging AI and cloud technology.
“At Google Cloud, our mission is to support these pioneers by providing the essential tools, resources, and mentorship they need to thrive. Through strategic partnerships, tailored programs, and advanced infrastructure, we are committed to enabling businesses to scale their impact and drive the next wave of digital transformation,” said Kurian.
Early-stage founders will receive enhanced support through the Google for Startups Cloud Program, which will offer $200,000 in Google Cloud credits over two years. AI-based startups will receive even greater support, receiving $350,000 in credits to address the demanding computational needs of advanced AI development, the company said in a statement.
In addition, Google has collaborated with Y Combinator to provide exclusive access to NVIDIA H100 GPUs and Google Cloud TPUs, along with cloud credits, support, and mentorship for its Summer 2024 group of AI-focused startups.
Furthermore, the tech giant is also joining forces with early-stage accelerators and incubators such as 500, StartX, and Berkeley Skydeck to provide early-stage founders with a special package, including Google Cloud credits, expert advice, and technical workshops
Earlier, the California-headquartered firm also announced the launch of Startup School: GenAI, a four-week training programme designed to help startups leverage AI.
Startup
Future in the Making: Top 10 Mega Projects Shaping Our World Beyond 2030
Mega projects represent the pinnacle of human ambition and engineering prowess, often involving colossal investments and extensive timelines. As we look beyond 2030, several monumental undertakings are set to reshape our world. Here’s an in-depth exploration of the top 10 most expensive megaprojects slated for completion after 2030.
10. Microsoft and OpenAI Data Center and Supercomputer – $100 Billion
In a bold move to advance artificial intelligence, Microsoft and OpenAI are collaborating on a data center project estimated at $100 billion. Dubbed “Stargate,” this U.S.-based facility aims to house an AI supercomputer equipped with millions of specialized chips, pushing the boundaries of AI capabilities. The project is currently in the planning stages, with operations expected to commence by 2028.
9. Forest City in Malaysia – $100 Billion
Forest City, a visionary urban development in Johor, Malaysia, encompasses four man-made islands spanning 30 square kilometers. Designed as a smart and green city, it integrates vertical greenery and cutting-edge technology to create an idyllic living environment. Despite initial challenges, including low occupancy rates, recent initiatives such as the establishment of a duty-free zone aim to revitalize the project and attract both residents and investors.
8. California High-Speed Railway – $100 Billion
The California High-Speed Rail project seeks to connect major cities across the state with a fast, efficient transportation system. With an estimated cost of $100 billion, the project has faced delays and budget overruns. However, construction is progressing, with segments in the Central Valley under development. Completion is anticipated in the 2030s, promising to transform travel within California.
7. Delhi-Mumbai Industrial Corridor – $100 Billion
The Delhi-Mumbai Industrial Corridor (DMIC) is an ambitious infrastructure project aimed at developing industrial zones between India’s capital, Delhi, and its financial hub, Mumbai. Spanning 1,500 kilometers, the corridor includes smart cities, industrial clusters, and high-speed freight lines. With an investment of $100 billion, the project is set to boost economic growth and is expected to be completed in phases, extending beyond 2030.
6. King Abdullah Economic City – $100 Billion
Located along Saudi Arabia’s Red Sea coast, King Abdullah Economic City (KAEC) is a massive development project covering 173 square kilometers. With an investment of $100 billion, KAEC aims to diversify the nation’s economy by attracting global businesses and tourists. The city features residential areas, industrial zones, and a major port. While parts of the city are operational, full completion is projected for the 2030s.
5. Silk City in Kuwait – $132 Billion
Kuwait’s Silk City, or Madinat al-Hareer, is a planned urban area intended to transform the nation’s economy. With an estimated cost of $132 billion, the project includes the construction of the world’s tallest tower, residential areas, and a free trade zone. The development aims to position Kuwait as a regional hub for commerce and tourism, with completion expected after 2030.
4. New International Space Station – $230 Billion
As the current International Space Station (ISS) approaches the end of its operational life, plans are underway for a new space station. With an estimated budget of $230 billion, this next-generation orbital platform will support scientific research, commercial activities, and international collaboration. Construction is expected to begin in the late 2020s, with full operations commencing in the 2030s.
3. Gulf Railway – $250 Billion
The Gulf Railway project aims to connect the six Gulf Cooperation Council (GCC) countries—Saudi Arabia, Kuwait, Bahrain, Qatar, the United Arab Emirates, and Oman—through a 2,177-kilometer rail network. With an estimated cost of $250 billion, the railway will facilitate trade and travel across the region. While progress has been slow, recent commitments suggest completion is targeted for the early 2030s.
2. Neom City – $500 Billion
Neom is Saudi Arabia’s flagship mega-project, envisioned as a futuristic city powered entirely by renewable energy. With a staggering budget of $500 billion, Neom aims to incorporate smart city technologies, sustainable living, and advanced robotics. The project includes The Line, a 170-kilometer linear city designed to house 9 million residents. Construction is underway, with significant milestones expected in the 2030s.
1. Trans-European Transport Network (TEN-T) – $600 Billion
The Trans-European Transport Network (TEN-T) is an ambitious initiative by the European Union to enhance connectivity across the continent. With an estimated investment of $600 billion, the project encompasses roads, railways, airports, and waterways, aiming to facilitate the seamless movement of goods and people. The comprehensive network is slated for completion by 2050, with significant progress expected post-2030.
These mega projects exemplify human ingenuity and the relentless pursuit of progress. As they come to fruition in the coming decades, they promise to reshape economies, enhance connectivity, and pave the way for a more interconnected world.
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