Babson College hosted the second annual India Symposium at the Carling-Sorenson Theater on March 3, 2017. The event was very enlightening featuring a wonderful set of young Indian entrepreneurs who are changing the way business is done in India.
The event opened with Raghunandan, founder and CEO of TaxiForSure who talked about the company from launch to getting bought out by Ola. “Data was very key for the success of our company. At all times we used data very effectively to design our strategy be it in deciding where to advertising or what pricing model to use” said Raghunandan. He also emphasized the importance of being aware of other market forces that could unexpectedly sway a company. “Investors in Ola also were investors in Alibaba. When Alibaba went for an IPO the investors had cash to burn and decided to use it in Ola. That caused a huge problem for us.”
The panels on Challenges of Scaling up in India and Nurturing Entrepreneurial Ecosystem of India addressed issues of funding and creating incubators. Jay Krishnan, co-founder of T-Hub shared information about this amazing incubator that is supported by government. “We have a 12 year old innovator who has come up with an amazing product that can have a deep impact on energy consumption” Anshulika Dubey, the dynamic founder of Wildberry, India’s first crowd sourcing platform talked about her very interesting entrepreneurial journey.
Other speakers Tanmay Bhat Indian stand-up comedian, script writer, producer and also the co-founder of comedy sketch group All India Bakchod.(AIB) , Jay Krishnan, Amruda Nair, Rohit Arora, Ritest Malik, Sanjay Anandram, Vivek Hinduja, Vikas Malpani and Nayan Parekh had thoughtful presentations.
The entire symposium was educational and inspiring.