Startups - A New Era of Entrepreneurship

Over the past decade, the world has been a witness to many new ideas and innovations, new and cleaner technologies, humble and honest business ideas, ideas that move towards sustainability. Over the past half a decade we have seen huge workplaces move in to single room offices, all in all, it has been a decade of revolution, an era of entrepreneurs, an era of what we now call ‘Startups’, something which has brought new heights to the meaning of entrepreneurship.

Ever since the world saw what recession can do to a common man, and the fact that it is a repetitive cycle, a normal human like me and you, is scared of working day and night for someone just to know that one day he might be fired, or his employer might not be able to pay him for his services. When we can work for someone, why can’t we work for ourselves? Many young brains throughout our nation must have thought about it, the reason that our country is in the League of Nations with the maximum no of startups coming up per year.

For those who don’t know what a ‘startup’ is, it is a form of business where an individual or a group of people forming a partnership seek for a scalable and repeatable business model. A startup is a company in its first phase of operation. Ever heard of ‘Flipkart or Snapdeal’? Flipkart was a startup founded in 2007 that provides a living for more than 33,000 people today. All a startup requires is an idea, a business model, a team and the dedication required to make the journey to success, however the entire process is not easy as it sounds.

The Indian startup ecosystem is rapidly evolving driven by an extremely young, diverse and inclusive entrepreneurial landscape which is leading to the emergence of focused domain solutions for verticals like healthcare, education, agriculture etc. Startup got its name during the ‘dot.com’ bubble when we witnessed the emergence of many dot.com companies and it has ever since been believed that a startup refers to a technical company. However the meaning to the word has been changing and evolving over the years. A major driving force towards this kind of entrepreneurship is the four fold increase in the access to capitals through angel investors and seed funding allowing young Indian brains to work on building tailor made products for their customers.

We here at Megabizz would like to honor those startups and let the world know what an amazing job they have done and those who have what it takes to put India on the path to innovation and discovery. We bring to you our very first campaign Startup of the week. We'll be commemorating 1 startup every week who have done their part to bring the change required. Stay tuned on our various channels for more updates.