Community, not Competition, Breeds Innovation
Rhea Yadav
THE PILANI PIONEERS: INSPIRING SUCCESS STORIES OF 25 BITS PILANI GRADUATES by Gaurav Mandlecha and Durjai SethiPan Macmillan India, , 242 pp., ₹ 147.00
April 2023, volume 47, No 4

The Indian start-up ecosystem is known for its cutthroat competition. With an increasing number of start-ups entering the market, the level of competition has become extremely fierce. It is not just about having a great idea, but also about executing it well, and that too in a crowded market. Entrepreneurs are constantly facing the challenge of standing out from the competition, and it can be difficult to attract the necessary investment and talent to grow their business. Additionally, the Indian market is known for its price sensitivity, which can make it hard for start-ups to build a sustainable business model. Government regulations and red tape can also make it difficult for start-ups to navigate and succeed. In short, succeeding in the Indian start-up ecosystem is not easy; entrepreneurs are facing a lot of competition, need to have a solid idea, great execution, and a sustainable business model to survive in the market. And even with all of this—most do not succeed. Winning the competitive race is not enough.

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