Abstract: Start-up is a basic thing that aperson trying to do something real and new, ithas high rates of failure, but the minority of successes includes companiesthat have evolved as giant and market setters.
People who use technology for beingentrepreneurs are called as technopreneurs, being born the risk in business inaddition to being accomplished the achievement level in innovative andinitiative a new kind of product and service to the community. India isenjoying with the fruitful result on the progress of start-up environment whichit has been focusing for a long time, the best time for promoting the technostart-up to be a pillar of strength in the forthcoming trends. The boom oftechnopreneurs of our nation had been targeted by the developed countries since2010. A new benchmark may be set in heavily offering number of opportunities toextent the business, which is also a next level of the start-up environmentinthe current scenario and the efforts are taken by the Indian Government. TheTechnopreneurship’s growth and contribution to the start-up technopreneurs in Indiancontext are catered in this paper and in addition new schemes and well equippedtechnology parks will be effectuated for the goodness of the new start-up.
Keywords: Technoprenurs, Start-Ups,Technoprenurship, New Schemes For Well Equipped Technology, Growth of Nation.INTRODUCTION Start-up helps the entrepreneurs tomake their business fruitful. This may have an impact in growth of the start-up in forth coming years of Indian economy.Technopreneurs play a vital role with various achievements in the internationalmarkets. In the part of satisfying the customers in a different manner, the technopreneursutilise the science and technology. This talent makes them ace in the business.In international economic competition India is travelling in the right path tomake the achievements. In addition to educating the youngsters abouttechnopreneurship, the government and NGOs should take initiatives to conducttraining programmes and some practical sessions which make the technopreneursto face the real time difficulties in the start-up environment.
To satisfy the global customers, Indiahas made some tremendous changes in corporate policies and improve the numberof industries in the nation. Also start-ups are playing a vital role and theycan make a historical change in Indian economy, so that we can competepowerfully with our global competitors. It will give India a favourableposition across the world. The pitch is perfect to play the game so youngentrepreneurs should awake and enter into technical based entrepreneurship. Toreproduce the skills and arms of technopreneurs to implement new technicalproducts and services, also replace the existing products.START-UP Wecannot forget the achievements of start-ups in 2015 and also2017’s achievementsmade a feather to the cap of start-ups even after a recession in the year 2016.
The Indian scenario for start-up is being confident to prove itself. Sincethere is a flaw in 2016 and it resulted in a reduced valuation . Flipkartreduced its valuation fom $15 billion to $11.6 billion, Ola also reduced itsvaluation from $4.
5 billion to $3 billion, but it is only Paytm which has shoeda huge raise in its valuation from $6 billion to $7 billion. Itseems that the total deals of 2017 has come down to 509 from 1,345 in 2016andalso noticing the total funding, it has just gone down from $7,505 million in2016 to $6445 in 2017. This itself shows that the market investors areinterested in participating in big funding rounds as well as are cautious andbrilliant.
So that we can find that people havenot forgotten the raise of start-ups in 2015 and also the investors still areoptimistic and expect the path for development Thehalf-yearly report on state of start-ups 2017, we can find the top 10 fundedstar-ups: TopFunded Startups of 2017 (YTD) Company (Funds invested)1. Paytm($1.4 bn)2. Flipkart ($1.4 bn)3.
Ola ($404 mn)4. ReNewPower Ventures ($200 mn)5. PaytmMall ($200 mn)6. GreenkoGroup ($155 mn)7. Delhivery($138 mn)8. HeroFuture Energies ($125 mn)9. SpandanaSphoorty Financial Limited ($100 mn)10.
Swiggy($80 mn)BENEFITSTO ENTREPRENEURS India is playing a vital role intech ecosystem in the world. India is competing with China effectively to leadthe place of China, the problem in India’s ecosystem is, it has been dividedinto 2 major parts, and those are rural and urban, so that the ecosystem cannotbe spread all over the nation, though we have the potentiality for being No.1 inthe world.
These 10 Indian technopreneuralcompanies made us world’s 2nd most popular country in the technostart-up scenario: 1. Flipkart Bangalore-based Flipkart has been theposter child for India’s tech startups since its founding seven years ago. Theecommerce company raised $1 billion by the end of July this year, the largestamount of funding ever procured by an Indian company. Given that it raised $210million the previous year, Flipkart looks poised to become a $100 billioncompany in the next five years — a fact its owners are planning on.2. Hike Launched in December 2012 in Delhi,mobile messaging app Hikenow has more than 20 million users. It’s growing exponentially, with more than60% of users based in India and the rest in the Middle East and Europe. Hike isavailable on all mobile platforms and has already received two rounds offunding of $22 million.
3. Exotel Exotel is a cloud telephony company based in Bangalore. Itprovides services like virtual phone numbers and telephony applications forSMEs, eliminating the need for expensive call centers. The company received $500,000 infunding from Mumbai Angels and Blume Ventures in March 2012, a year after itsfounding. It now has more than 500 clients, with plans to add 1,500 morecustomers by the end of 2014.
4. WebEngage WebEngage is a customer engagement toolkit that lets ecommerceclients target site visitor segments to offer them online promotions, surveysand offers. The Mumbai-based company works with thousands of customers in morethan 40 countries and in 2012 raised $500,000 from India-focused investmentcompany GTI Capital Group.
5. Druva Software Founded in 2008 and with more than150 employees, Druvaprovides more than 3,000 enterprise companies — as well as big-name clientslike NASA, Tesla, KMPG and Xerox — with high security data protection on aneasy-to-use platform that minimizes IT costs. To date, the company has receivedfour rounds of funding, totaling $67 million, from investors like SequoiaCapital, Nexus Venture Partners and Tenaya Capital. In August, the companyraised $25 million.
6. Cucumbertown Cucumbertown is a socialnetwork for cooks with an online library of thousands of recipes from some ofthe world’s best chefs, influential bloggers and at-home foodies. The companywas founded in Bangalore and now has a U.S. office in Mountain View,California, where it maintains an emphasis on its mobile platform.
In 2012, the company received$300,000 in funding from well-known investors like Farmville’s Sizhao Zao Yang,AngelList and 500 Startups.7. Zoom India has an annual $3 billion carrental market, but parking in its biggest cities is nearly impossible. Since2012, car-sharing startup Zoomhas taken on this opportunity by renting electric cars, a first for Indiancompanies. The company has raised $2.9 millionin three rounds of funding and after originally operating in Bangalore, Zoomnow works in the trendy and emerging city of Pune, between Mumbai and thebeaches of Goa.8. Reel Reel is a video messaging application that lets users record shortmessages of up to 20 seconds.
Users can also choose how many times the messagecan be seen on a loop and then send to people in in their address book. Therecipient can then watch the video on a continuous loop before it automaticallydeletes. The Bangalore-based company launched its app on Google Play inSeptember.9. Zomato Zomato has a curated list of more than 200,000 globalrestaurants in 35 cities across 11 countries, from which customers can chooseand compare reviews.
After recentlyraising $37 million for expansion into North America, Zomato’s restaurantdiscovery business has moved on from its original model of users in Indiascanning in menus to compare dishes.10. Urban Ladder Urban Ladder was founded in July 2012 to provide a curateddestination for the urban Indian consumer to build beautiful homes. The websiteprovides the rapidly growing Indian middle class with a wide range ofcontemporary designs of high quality, handcrafted furniture that blends beautywith functionality.
The company recently raised $21 million in funding andcounts Steadview Capital, SAIF Partners and Kalaari Capital among its backers.CONCLUSION In the long way of our Indian history,India has opened the gateway to launch its leg strongly in the global market;in addition to that the technopreneurs also have made their participation inthe growth of the above part. Even though India needs to make some reformingsteps in its entrepreneurial policies, it should remove some constraints in DIC,SSIC, NSIC and etc…
for the wellness of technopreneurs. The above service institutionsare empowering entrepreneurs also it should empower technopreneurship on theother hand in a equal ratio, so that the future will be based on both theentrepreneurs as well as technopreneurs.