The Startup Rate Requires India to Scale Up

Ever since the start of 2016, India is definitely on a startup roll. The nation witnesses the birth of two startups every day, given the determination and energy of a host of budding entrepreneurs, who dream to make it big in the market. The rate of investors, policy makers and mentors too has considerably gone up.
The startup trend started kindling in India since 2007, and the country has not had to look back ever since. In 2007, India had conjured up seven unicorns, i.e. companies with a valuation of at least $1 billion. But it seems like this was not good enough for a country like India, which has so much more entrepreneurial potential. At the point India had seven unicorns, China possessed 24, thus making it clear that it was time for our country to scale-up.
It is a fact that compared to Chinese and American startups; India is still young and small. While America gave life to Google, China came up with Baidu. It doesn’t mean that starting out small eliminates your chances to grow gradually, but this does seem to be a case when it comes to Indian startups- they are small when they kick-start a venture and continue to remain small. Or if at all they get a chance to grow, they end up being broken by competing with giants in the market.
So, what could be done to turn around this situation? There are some simple ways in which the state of affairs can be altered. The fundamental change has to do with the psyche of the founder. Other important factors include finding the perfect investors and acquiring the best of prices for your startup. But the list does not end there.
A good Indian startup finder is the one who is capable of thinking big and executing it even bigger. S/he is someone who would not grab the very first chance that would come along to cash out. Patience and determination are crucial- so is farsightedness. The founder should realize how important it is to stay put on the potential market like India’s and should also realize that the world is an oyster which needs to be explored.
When someone is thinking about commencing a startup, s/he should make sure to create one that has a growth DNA embedded in it. This is not a feat easily achieved. It requires a sturdy mind, wise choices and ample amount of ambition. What more, we Indians are known to possess all these qualities and even more.
Merely finding investors is not enough. They should be good mentors too and should help the young minds along the right path and up the learning ladder. They should be able to push the founders beyond their limits, so that they can achieve so much more than they had planned. The right kind of investors should be open minded and have a long-term vision.
The success of our startups also rests upon our government. Apart from just coming up with smart slogans and smart initiatives, it can also help by making it less difficult for Indian money to be invested in Indian startups. It should also be conducting more skill developing programs for our youngsters.