BCG to Present Comprehensive Startup Industry Report at TiEcon Mumbai 2023
- ByStartupStory | June 1, 2023
TiE Mumbai, one of the leading entrepreneurial organizations, has unveiled its highly anticipated 16th edition of TiEcon Mumbai. The flagship conference, scheduled for June 2, 2023, at the prestigious Jio World Convention Centre in BKC, will revolve around the theme “Unboxing India 3.0 – Anti fragile| Conscious| Innovating.” This year’s event aims to bring together industry leaders, startup founders, investors, and key stakeholders from Mumbai and India.
TiEcon Mumbai is renowned as the largest entrepreneurial conference in Western India, serving as a platform for knowledge-sharing, networking, and fostering growth opportunities. This year’s conference kicks off with a session titled “Unboxing India 3.0,” where BCG (Boston Consulting Group) will present its comprehensive report on the startup industry, shedding light on the current ecosystem and future prospects.
Shaleen Sinha, Managing Director at BCG, highlighted the investment landscape, stating, “Today there is a significant discussion on the “winter” in the startup ecosystem. However, while the environment is tough, there are few important points to note. Overall funding environment while tepid still has significant investments happening especially in seed and early stage, this supplemented with high levels of dry powder imply that there are funds available for right ideas and companies. This in conjunction with the fact that India is growing and poised to double from its current size to a $7 Tn economy by 2030, implies multiple opportunities for new ventures.”
He further added “Market estimates show > 15 sectors with potential market sizes ranging from $10 Bn to $ 500 Bn by 2027, where significant digital disruption is happening or can happen – and thus are ripe for new startups. Finally, we also believe that this period will see emergence of companies which have far leaner “cost of growth” which will help them scale far more efficiently as they come out of this downturn. Across sectors, we are seeing founders and management teams double down on improving the unit economics of their core business, as also selectively hone few bets for future growth. As we have seen empirically companies which are able to do this well during such tough environments create significant gap against competition and are also rewarded disproportionately by the market.”
Ranu Vohra, President of TiE Mumbai, emphasized the organization’s commitment to empowering entrepreneurs. “At TiE, our goal is to equip entrepreneurs with the necessary tools to build scalable and resilient businesses. The BCG report plays a crucial role in guiding their capital allocation towards high-impact opportunities in the coming years. We hope that TiEcon Mumbai 2023 will provide entrepreneurs with valuable insights, templates for success, and contribute to India’s accelerated growth.”
TiEcon Mumbai 2023 is set to witness an impressive lineup of attendees, including over 45 unicorns, 100 soonicorns, 500 investors, 100 corporates, 2500 entrepreneurs, 100 bankers, 200 industry leaders, and 25 private equity firms. The event will feature engaging sessions on India 3.0, funding interests, innovation, and more. Additionally, attendees can explore the Expo Zone, which will showcase more than 100 startups, along with various networking opportunities.
To learn more about TiEcon Mumbai 2023 and secure your spot at the conference, visit official website.
About TiE Mumbai:
Founded in 1992 in Silicon Valley, The Indus Entrepreneurs (TiE) is a global organization dedicated to fostering entrepreneurship. With a presence in 60 chapters across 17 countries, TiE offers education, mentorship, networking, and funding opportunities to support entrepreneurs in their journey. TiE Mumbai, as a leading chapter, focuses on nurturing the next generation of entrepreneurs.
About Boston Consulting Group:
Boston Consulting Group (BCG) collaborates with business and societal leaders to address their critical challenges and seize opportunities. BCG, founded in 1963, is renowned for its expertise in business strategy and transformation. Through a blend of management consulting, technology and design, corporate and digital ventures, BCG enables organizations to drive growth and achieve sustainable success.
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