The past year was a tough one for everybody, whether it was a multi-billion dollar enterprise in India or a startup. Forbes India has extensively covered the many pivots and innovations that companies of all shapes and sizes undertook to survive 2020.
But what did the pandemic do to the dreams of young entrepreneurs and professionals in India—say the under-30-somethings—who aspire to make a name for themselves? Many would have had to put their plans on the backburner and stick to the creativity-crushing 9-to5 jobs for a little longer, as the Indian economy—along with global growth—nosedived. But, if you’re looking for inspiration to hold on to that dream, look no further.
If our Class of 30 Under 30 2021 is anything to go by, the entrepreneurial and innovative spirit and the determination to stand out in the crowd are alive and kicking among India’s young. Many innovated their businesses to survive the Covid-19 shock and to help others. Take, for example, the 29-year-old duo who founded Class plus to digitise local coaching centers and boasts 50,000 teachers on their platform. Class plus launched a mobile app—Class plus Lite—during the pandemic as education went remote, and has already garnered 500,000 users; it is the winner in our new Education category.
Another 29-year-old is giving a voice and stage to entrepreneurs from beyond metro cities, a growing necessity in the post-Covid-19 world. Piyush Verma, founder & CEO, Manush Labs, helps innovators and entrepreneurs from tier 2 cities and beyond get access to mentorship, network, markets, and even funding. He is a listee in our NGOs & Social Entrepreneurship category.
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Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharmaâs super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, heâs hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for Indiaâs businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of lifeâs breath on this planet