February 28, 2024
1 min read

‘Indian Startups Reach Global Standards’

Oberai also mentioned that the ‘Info Edge’ underwent a transformative shift in the 2010-2015 era, anticipating the rise of mobile phones as a central platform….reports Asian Lite News

The startup landscape in India is now on par with global standards, witnessing a shift where startups have become more mainstream, industry leaders said on Tuesday.

Addressing the India Digital Summit (IDS) 2024, Hitesh Oberoi, Co-Promoter, Managing Director & CEO of Naukri, said, “There’s a notable rise in the quality of startups and their founders, with a shift from skepticism to a widespread eagerness to collaborate with startups.”

“Deep tech startups, particularly those leveraging fundamental technologies for innovation, show great promise for the future,” he added.

IDS is being organised by IAMAI in partnership with the Ministry of Electronics and Information Technology (MeitY), the Ministry of Information and Broadcasting (MIB), the Ministry of Tourism, UIDAI, the Indian Cybercrime Coordination Centre (I4C), Government eMarketplace, In-Space and Skill India Digital.

Oberai also mentioned that the ‘Info Edge’ underwent a transformative shift in the 2010-2015 era, anticipating the rise of mobile phones as a central platform.

“Recognising the importance of adapting to this shift, we reimagined our user experience for mobile, facing challenges in hiring designers and Android developers trained in web development. Today, 70 to 90 per cent of our business thrives on the mobile platform,” he said.

Oberoi concluded by advising newer startups and entrepreneurs that generating revenue from customers is vital, instead of relying solely on investors.

ALSO READ: Bank of Baroda Forecasts India’s Q3 FY24 GDP Growth at 6.4%

Previous Story

AirAsia Eyes Expansion

Next Story

England’s Test Series Loss: Lessons to Learn

Latest from Economy

India: 5th Largest Economy

At the heart of this transformation is India’s youth—a demographic powerhouse with over 65% of the population under 35….reports Asian Lite News The journey from 1947’s independence, through the trauma of Partition,

Journey towards Viksit Bharat

As India embarked on its fast-paced human centric developmental journey to become a developed country “Viksit Bharat @2047” by the time it completes the century of the independence, the past decade has

Modi urges India to become self-reliant

PM says that India achieved its 2030 target of achieving 50 per cent energy capacity from clean resources, five years ahead of schedule…reports Asian Lite News Prime Minister Narendra Modi on Friday
Go toTop

Don't Miss

Book on India’s battle launched in Expo 2020

India Pavilion at Expo 2020 Dubai yesterday saw the release

France to work with India to promote ‘truly multilateral’ order

Jean-Yves Le Drian and S Jaishankar agree to deepen strategic