Birla: ₹1 Crore Too Small for Entrepreneurs (Communities - News & Events)
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Item ID 3089936 in Category: Communities - News & Events
Birla: ₹1 Crore Too Small for Entrepreneurs | |
Kamath threw that oft-asked question by many young would-be business owners, “If a young entrepreneur had sticky ₹1 or 2 crores, would there be an industry that would recommend entering with strong tailwinds?” A blunt reply from Birla was: “One crore is in nowadays enough to start up any business.” He even emphasized, seeing the complexities and demands of scaling in a country like India, that ₹10 crores might also not be sufficient. The advice was put, “Better keep some money in a bank rather than waste it on ventures that are not scalable or cannot afford so much capital.” **Why ₹1 crore falls short** Bell’s place highlights the critical feature of newly engineered entrepreneurship; scale is very essential. Businesses need bigger finance to enter the competitive Indian markets, side-stepping problems in infrastructure, technology, and customer acquisition costs. Be it software, manufacturing, or e-commerce, scale-up rarely comes funded by ₹1 crore. | |
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| Target State: Haryana Target City : Gurugram Last Update : 07 February 2025 5:02 PM Number of Views: 20 | Item Owner : Entrepreneurkiawaz Contact Email: Contact Phone: 9315895421 |
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2025-02-23 (1.643 sec)