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IIT Kanpur Alum Harsh Pokharna on Start-Up Struggles, Failures & Long-Term Success

OutlookIndia

OutlookIndia · 9m ago

IIT Kanpur Alum Harsh Pokharna on Start-Up Struggles, Failures & Long-Term Success

Harsh Pokharna, IIT Kanpur alum and CEO of OkCredit, shared his entrepreneurial journey, illustrating the challenges and perseverance required in building a successful startup. After leaving Flipkart to create his own venture, he faced several setbacks, experimenting with three failed business ideas before launching OkCredit. Pokharna highlighted that startup success is a long-term endeavor rather than a quick route to wealth, emphasizing the importance of solving real problems over merely seeking financial gain.

Related News

‘Arattai is just another WhatsApp copy. Nothing new,’ says OkCredit CEO; netizens hit back

IndianStartupNews

IndianStartupNews · 2m ago

‘Arattai is just another WhatsApp copy. Nothing new,’ says OkCredit CEO; netizens hit back

OkCredit CEO Harsh Pokharna criticized Zoho's messaging app Arattai for lacking innovation and being a mere copy of WhatsApp, labeling its popularity a marketing rather than a disruptive move. However, many defended the app's Made-in-India ethos, arguing that local alternatives often start as clones before evolving. Critics highlighted Zoho's broader strategies beyond creating a widely used chat app, emphasizing its role in establishing trust and signaling domestic capabilities in the tech space.

BharatPe’s boardroom saga has takeaways for the entire startup ecosystem

Money Control

Money Control · 1y ago

BharatPe’s boardroom saga has takeaways for the entire startup ecosystem

Indian start-ups, known for their rapid growth and innovation, rely on solid corporate governance structures to attract global investment. BharatPe, a fintech company, recently faced a legal battle with its co-founder, Ashneer Grover. The dispute highlighted the importance of effective governance and trust in leadership. BharatPe swiftly and strategically addressed the issue, taking proactive measures to resolve the conflict. By quickly settling the dispute with Grover and reinforcing the importance of governance, the company demonstrated its commitment to integrity and accountability in the start-up ecosystem. This case study emphasizes the significance of effective governance for long-term success in the start-up industry.

Gurgaon manager failed class 11 maths exam, could not crack IIT/IIM but is redefining success in his own way

Economic Times

Economic Times · 6m ago

Gurgaon manager failed class 11 maths exam, could not crack IIT/IIM but is redefining success in his own way

A Gurgaon-based manager's journey defies the norm of IIT/IIM success by embracing failures. Despite not making it to elite institutes and facing academic setbacks, he achieved a fulfilling career. He promotes redefining personal success beyond societal labels, emphasizing resilience and introspection over public validation. His story, inspiring many, highlights that multiple paths to success exist, encouraging self-defined goals and persistence, demonstrating that failure is often part of the journey to success.

IIT-Madras to provide funds to incubate sports-tech startups

Economic Times

Economic Times · 1y ago

IIT-Madras to provide funds to incubate sports-tech startups

IIT-Madras is offering funding of up to Rs 5 crore to support sports-tech start-ups in India. The focus will be on AI and IoT-based products, including sensors, networks, and controllers. The funding will be provided by the IIT-Madras Pravartak Technologies Foundation and the IIT Madras Centre of Excellence in Sports Science and Analytics. The areas of interest are media and entertainment, fan engagement, athlete performance enhancement, esports, sports data analytics, sports education, sports commerce, and sports communities. Interested start-ups can apply through the provided link, and the shortlisted ones will present their business during the IIT Madras Sports Technology Start-up Conclave in June. The investment support will range from Rs 10 lakh to Rs 50 lakh per start-up, based on business potential.

Spotlight: Ascent-backed Skanray needs to defy one-trick-pony act to get new investors

VCCircle

VCCircle · 1y ago

Spotlight: Ascent-backed Skanray needs to defy one-trick-pony act to get new investors

Mysore-based medical device manufacturer Skanray Technologies is facing financial struggles despite recording strong growth during FY21. The company, backed by private equity firm Ascent Capital, needs to overcome its reliance on ventilators to attract new investors. Skanray's finances have dwindled, and it has been unable to secure additional funding. The company will need to diversify its product offerings to regain investor confidence and ensure its long-term success.

50% US tariffs are harsh and unsustainable, change certain: Anand Shah, ICICI Prudential AMC - The Economic Times

Economic Times

Economic Times · 3m ago

50% US tariffs are harsh and unsustainable, change certain: Anand Shah, ICICI Prudential AMC - The Economic Times

Anand Shah from ICICI Prudential AMC anticipates the resolution of harsh US tariffs on India through dialogue and suggests a 50% equity allocation in portfolios. He favors consumer services and manufacturing sectors over IT and FMCG, highlighting the importance of bottom-up stock selection. Despite global uncertainties, he believes the long-term growth story in India remains robust, advising caution and balanced asset allocation. Alternative investment strategies and disciplined methods can mitigate risks and enhance returns.

Business banking platform Infinity secures maiden funding from Y Combinator and others

Economic Times

Economic Times · 1y ago

Business banking platform Infinity secures maiden funding from Y Combinator and others

Indian business banking platform Infinity has raised $1.9m in equity funding from investors including Y Combinator and Liquid 2 Ventures. Founded in 2023, the Bengaluru-based start-up is focused on supporting businesses engaged in cross-border sales, assisting them in receiving international payments. Infinity also offers a treasury management solution to help companies maximise returns on idle cash. The long-term vision for the start-up is to become a full-fledged digital bank focused on facilitating exports and imports for Indian small businesses.

As AI Start-Ups Ride a Wave of ‘Curiosity Revenue’, VCs Rethink What It’s Worth – Outlook Business

OutlookIndia

OutlookIndia · 4m ago

As AI Start-Ups Ride a Wave of ‘Curiosity Revenue’, VCs Rethink What It’s Worth – Outlook Business

AI start-ups are experiencing a surge in "Curiosity Revenue" as enterprises experiment with AI tools. While this generates early-stage revenue, venture capitalists are now scrutinizing these earnings, differentiating between short-lived interest and sustainable growth. Many start-ups secure income from enterprises testing multiple solutions before choosing a long-term option. This phenomenon impacts valuations, with investors focusing on retention markers like contract duration, usage growth, and ROI clarity to assess long-term value versus temporary curiosity.

‘From quick wins to long-term value...’: Harsh Goenka defends Piyush Goyal's 'directional' remarks on Indian startups

Business Today

Business Today · 8m ago

‘From quick wins to long-term value...’: Harsh Goenka defends Piyush Goyal's 'directional' remarks on Indian startups

Harsh Goenka supported Piyush Goyal's call for Indian startups to shift focus from services designed for comfort to real economic productivity, urging a move from ease to effort and quick wins to long-term value. Goyal criticized the proliferation of online betting apps and suggested steering clear of short-term gimmicks. Social media users pointed to the disconnect between government rhetoric and realities, suggesting improvements in infrastructure, investment, and education to foster genuine innovation.

Mostly Unicorns in India Have done Phenomenally Well, Says Piyush Goyal

OutlookIndia

OutlookIndia · 11m ago

Mostly Unicorns in India Have done Phenomenally Well, Says Piyush Goyal

Union Minister Piyush Goyal highlighted the rising success of Indian unicorns in 2024, attributing it to the country's thriving start-up ecosystem. Speaking at a New Delhi event, Goyal assured government support for sustained growth, citing 76 IPO offerings as proof of success. He announced the Bharat Start-Up Grant challenge and PRABHAAV Factbook to bolster start-ups. The event marked nine years of the Startup India initiative, emphasizing entrepreneurship promotion since 2016.

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