BW Businessworld Young Entrepreneur Awards 2016 ceremony took place on 9 December in New Delhi and recognised top achievers in their fields.
It was all about first generation or individuals under the age of 35 tasting success and facing the tribulations of starting up their ventures for the very first time.
The event kicked off with a one-on-one discussion with BharatMatrimony founder Murugavel Janakiraman, who spoke about his challenges in setting up the country's leading matrimonial site. The parent company will be going to IPO soon.
BW worked to showcase some of the key issue and hot stars on the startup scene. For example, there is TeamIndus that will be flying to the moon and wants to be the first aeronautics startup in India. Truecaller cofounder and chief strategic officer Nami Zarringhalam said Facebook's Hello could be a possible competitor for his company.
Radhika Aggarwal, unicorn status - ShopClues cofounder, chief business officer; Kartikeya Sharma, founder and promoters of iTV Network; Anita Nayyar, CEO India and South Asia, Havas Media Group, and Pravin Saharia, director of DS Group were present.
Leading angel investor for 2016 Dheeraj Jain, principal of Jaarvis Accelerator, Anil Chhikara were all there to meet and greet the aspiring entrepreneurs.
Key Speakers
Union Minister of State for Finance and Corporate Affairs Arjun Ram Meghwal spoke about how GDP may increase by 2 per cent because of demonetization.
Saroja Yeramilli, the founder of Melorra that managed to receive the highest amount of seed funding for any startup, shared her thoughts on gender barriers. When you're as experienced as Saroja such barriers don't exist. When she asked for only $2 million, she got $5 million in seed funding.
Other discussions were around what’s the best age to startup. The consensus was that it should be right after graduating. Should you get married and how to balance work and marriage? Marrying is great if you can balance work and life.
The WinnersWell-known entrepreneurs and investors like Sanjeev Bikhchandani and Sid Talwar were part of choosing the stars of the event.
The Young Entrepreneur Award winners came in two categories - startups aged 0 to 3 years and 3 to 7 years old.
All startups had to have at least one founder under 35 years of age, have at least 80% revenue come from the domestic market, with the first category startups receive minimum funding of 500,000 rupees and the more mature category have a minimum funding of 2.5 million rupees.
Of the hundreds of startups that applied, 32 were shortlisted over the course of several months with the help of Knowledge Partner Grant Thornton.
The winners are:
0 to 3 years – seven winners, Treebo Hotels; Rentomojo; Zimmber; Indus OS; Smart Joules; Capital Float, and ftcash
3 to 7 years – Cloudnine; Zerodha; FabAlley;
Young Business Excellence Leaders 2016 award went to Nishant Aryah, executive director, JBM Group
Best Business Incubator of the Year - Amity Innovation incubator – Aseem Chauhan, chancellor of Amity University and CEO of Amity Innovation Incubator
Social Entrepreneurship Award – received by Shabnam Singh, mother of Yuvraj Singh, for the foundation, YouWeCan
BW Reporters
Regina is a reporter for BW Businessworld. In her previous assignments, she has worked with Independent television Network as a news anchor and reporter in Sri Lanka
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