Layoffs will result in more cash-conservative, growth-oriented businesses in India by 2023: Report
- ByStartupStory | January 13, 2023
According to a research released on Thursday, companies in India in 2023 will be more revenue and growth-focused and more cash-conservative, keeping layoffs during the funding winter in mind.
According to research by 100X.VC, a domestic venture fund that invests in early-stage firms, well-funded startups now have access to a fresh pool of talented individuals as a result of layoffs at some large corporations.
Sanjay Mehta, Founder & Partner, 100X.VC, said, “In 2023, we will be experiencing India where new startups will be unlimited in supply. For investors, this will have brutal investment selection through the process of elimination.”
By 2030, a portfolio of investors who can apply quality filters to their 2023 investments will shine with outlier returns, he continued.
The enthusiasm for investing in early-stage startups in India is still accelerating.
The paper claims that although the market for corporate software is extremely competitive, entrepreneurs can enter it and fight against the established businesses.
“They can offer innovative and differentiated products and services in logistics, analytics, expense management, collaboration, RPA, API platform etc.,” the report said.
In India, the quick service restaurant (QSR) industry is expanding quickly and surpassing most other industries in terms of investment.
According to the research, the sector would experience significant growth and improved investment flow.
By 2026, the size of India’s e-commerce market is predicted to be $200 billion, thanks to rising internet usage and the spread of smartphones.
“It is a significant opportunity for D2C brands to reach and sell to consumers directly online. In 2023, many digital-first direct-to-consumer (D2C) startups will compete with the famous names,” the findings showed.
The market for electric vehicles (EVs) among startups is expanding. Startups are developing a range of technologies, such as high-tech batteries, charging stations, EV parts, and self-driving technology.
By 2030, it is anticipated that the Indian EV market will generate 50 million indirect jobs in addition to 10 million new direct jobs.
According to the study, India’s digital health market is growing as a result of the adoption of digital technology in the healthcare field.
Future developments include the advancement of telemedicine, the use of AI and ML, personalized medicine, the widespread use of wearable and remote monitoring devices, the incorporation of digital health technology into conventional healthcare systems, and the role of governments.
The first venture fund in India, 100X.VC, uses iSAFE (India Simple Agreement for Future Equity) notes to invest in early-stage firms.
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