Quote on National Startup Day | TurboHire, Ennoventure Inc and FreightFox
Mr. Padmakumar Nair, CEO & Co-Founder of Ennoventure Inc – ”Indian startups have made immense contributions to the country’s innovation ecosystem. As we celebrate the spirit of entrepreneurship, it is crucial to engage with stakeholders across the startup community and chart the way forward, further enabling startups to contribute towards nation-building and economic progress. Our long-term view should be to make India a hub for global skills and innovation, thereby creating a positive impact on the startup community.
At Ennoventure, we believe in driving global change through our futuristic technology to combat the ever-growing counterfeiting menace. We aim to foster customer trust and satisfaction while protecting the integrity of brands. This National Startup Day heralds a new era of digital transformation, and we strive to continue making significant breakthroughs in our goal to end counterfeiting.”
Mr. Deepak Agrawal, CEO and Co-Founder, TurboHire – ”2023 is predicted to be hit by the recession, which is alarming for all startups. While recovering from the recession is expected to be tough, the start-up ecosystem of 2023 will be Rule-of-40 driven. Founders would have to strive hard for growth % and profitability % totaling 40 as an outcome. This means every company needs to account for every penny spent.
One of the biggest revelations of the startup industry in 2023 is investors’ interest in customer retention rates and employee retention percentages. With the post-pandemic scenario, layoffs, and toxic work culture, most company reputations are taking a nosedive, which needs to be prevented in this new year.
With this also comes the discussion of how seamlessly companies need to implement a people-centric approach more quickly and efficiently. This is where HR tech will play a vital role. CEOs under-investing in HR tech should now change the course to enhance talent acquisition, internal talent mobility, employee engagement, and well-being. One of the most notable technologies will be AI and automation, which will help companies of all sizes to competitively source the right talent and onboard them in real-time without losing out on precious capital.’’
Mr. Nitish Rai, CEO and Co-Founder, FreightFox– “The Indian startup ecosystem has consistently evolved and innovated with changing times, and despite worries about a funding winter in 2023, we expect it to bounce back stronger than ever. With technologies like AI and IoT making their way into the general consciousness, digital innovations will skyrocket across multiple sectors. India is also set to become the number one global manufacturing hub in the light of industrial shutdowns in China to contain Covid-19.
Meeting the demands of this manufacturing boom will call for robust, streamlined logistics and complete transparency at every stage of the supply chain. Cloud-based logistics management and tracking will become the order of the day to help start-ups fulfil orders and deliver timely values. Sustainability will also come to the fore as industries work to reduce carbon emissions through fuel-efficient technologies and the use of alternative energy sources. Now more than ever, it’s vital for startups to be nimble on their feet. 2023 is poised to be a year of tremendous growth, and we at FreightFox are proud to offer solutions that build the infrastructural backbone for that growth.”