That was the consensus view at the ET Startup Awards in Bengaluru on March 12, which saw the biggest names in Indian ecommerce gather to discuss various topics concerning the future of India’s startup ecosystem.
The state government will be taking up initiatives that would further bolster the startup ecosystem, the chief minister said at the ET Startup Awards in Bengaluru on Saturday.
Elaborating the opportunity in the 5G space, he said while the launch of 5G could not take off as planned due to pricing issues, the government encouraged research on a domestic 5G stack across core network, radio network, testing ecosystem and standards.
Newer opportunities also extend into electronics, deep tech to quantum computing among others, the minister said speaking at the seventh edition of the ET Startup Awards 2021 event held in Bengaluru today.
Gajwani recounted how two years ago, after the pandemic hit India, March 12, 2020, was the day that most of the startups in Bangalore shut their offices. The last two years since then have seen 'genuine upheaval' owing to lockdowns and uncertainty.
The proposed IPO is completely through a fresh issue of equity shares and there will be no offer-for-sale (OFS), according to the draft red herring prospectus (DRHP). Flipkart co-founder Bansal, who has invested around Rs 4,000 crore into Navi till date, is not diluting his stake in the IPO.
The winners in nine categories, who were chosen by our high-powered jury at a virtual meeting on September 24, will receive their awards in person as the award ceremony returns after a nearly two-year hiatus.