We Are Biased For Technology
Rutvik Doshi
Principal ,
Inventus Capital
Inventus Capital
Over the last decade, several sectors like travel, healthcare, financial services have emerged and scaled but they still do not have a wide reach beyond major urban areas and are coping with inefficiencies in the system. Technology can play a role in increasing the access and reducing efficiencies, these sectors could open up many opportunities for entrepreneurs.
In most Indian households, the PC is not a "Personal" device but a shared computer. The mobile phone is the real "personal" device. With phones getting smarter and cheaper it will open up huge possibilities of reaching out to the masses and solving many problems in innovative ways. Communication Tools, Education, Entertainment, Financial Services and Travel Services are just a few areas were innovative mobile solutions will emerge.
Advice To Entrepreneurs
This is a great time to be an entrepreneur in India. Entrepreneurs today have access to capital from venture capitalists and angel investors who are willing to put money in early stage ventures, something that hardly existed 10 years ago.
Our advice to entrepreneurs would be to focus on the idea and build a core team. Iterate through the ideas and test the market for acceptance and early traction before even deciding to raise any external funding. The early feedback from users helps shape the ideas and give the founders a good understanding of what it will need to scale the product. Once ready with the early data, they should approach VCs who understand their space and can add lot more value in addition to capital.
Opportunity for Entrepreneur( 1-5 of 10 )
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