The extraordinary digital transformation of the global economy is one of the biggest highlights of 2020. It was the year that technology overtook lives and the pandemic was the unexpected stress-test for new solutions and innovations to help businesses survive and in many cases thrive.
With employees and consumers confined to their homes for much of the year, the world demanded a more virtual way of doing things, putting pressure on companies to think digital first -- from enabling a more intuitive online shopping experience, to bolstering warehouse automation and improving last-mile delivery of supplies, to tracing a viral infection, and much more.
Consumers and businesses have had to adapt to ensure that they stay on top of their game. And, while vaccines provide hope that the world will return to some form of normality in the next few months, many of these innovative new business practices have now become a way of life.
So what does this new world order mean for India’s startup ecosystem and what kind of support, both on policy front and from investors, is required to ensure Indian entrepreneurs continue to innovate and evolve to build businesses of the future?
To crystal gaze into the New Year are Vani Kola, managing director of Kalaari Capital; Gopal Srinivasan, Chairman and managing director of TVS Capital Funds, and Pratik Poddar, Principal of Nexus Venture Partners.
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(Edited by : Bivekananda Biswas)