But what many miss is that most of these innovative platforms rely on shared digital infrastructure often invisible to the end consumer. Business icon Nandan Nilekani talks to YourStory Founder and CEO Shradha Sharma about his investment strategy in Indian startups and his views on the right way of building businesses.

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It is a sort of Uber for truckers, with cargo as the passenger. This number was, according to the Bank of International Settlements’ analysis, in line with that of other countries with a similar GDP per capita. Manufacturing, he says, is vulnerable to automation and Chinese overcapacity. But he is investing 5 percent of his large pie in start-ups.

“Between ‘Brexit’ and Trump, are we entering a world that’s less enchanted with globalization?” he asked. India embarked on a journey to solve the challenges faced by a typical micro-enterprise owner. [YS Exclusive] Nandan Nilekani on why scale matters, his ‘big dream,’ and more, Nandan Nilekani on failure and the key lesson he learnt from his own. India needs free, fair, non-hyphenated and questioning journalism even more as it faces multiple crises. Our work is not yet done. Nandan, who is credited with building India’s digital infrastructure, is a well-known investor, who has backed over a dozen startups, including agritech startup NinjaCart, travel marketplace RailYatri, and startup research platform Tracxn, among others. Any bank or NBFC can now offer a regular stream of small-ticket working capital loans based on her demonstrated ability to repay. He is also optimistic about Fortigo Network Logistics, which has developed technology that lets truck drivers and owners, as well as brokers and transport companies, look for cargo for their next destination at the best rates possible.

Sustaining journalism of this quality needs smart and thinking people like you to pay for it. Her receivables tend to come in with significant delays, leading to short-term working capital shortages.

“Good ideas are common. In the 11th edition of TechSparks, we bring you best from the startup world to help you scale & succeed.

His next step was public service, as he set up India’s unique identification system, where, once again, he did not have the luxury to think about personal investments.

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Doesn’t matter to India-US ties as they’re in a full, strategic embrace, Republic TV editors booked for report on ‘rebellion’ against Mumbai Police commissioner, Engineers still account for 60% of new civil servants, despite UPSC’s attempts at diversity. In the next 20 years, he said, a large part of the Indian economy will go from the unorganized or informal sector to the organized and formal sector.

The last two decades have brought to life the power of technology platforms in reshaping economies. Yet, less than 8 per cent of MSMEs like hers have access to formal credit, and these figures have been on the decline. Nilekani … But we must stop Citizenship Bill, we can’t take in more people, In ‘Diwali bonus’, govt waives interest-on-interest even for those who didn’t opt for moratorium, Virtual bank or a brick-and-mortar one? Copyright © 2020 Printline Media Pvt.

“And there’s a huge hunger to improve lives,” which he said had inspired him. Register now! One of his recent investments is in 10i Commerce Services, an e-commerce company that, through its ShopX app, is recruiting small neighborhood businesses to sell their products online (nearly 40,000 retailers in 180 towns have signed up). Nandan Nilekani invested in an app that recruits small neighborhood businesses to sell their products online, like these Kandil, or wall hangings, at a market in Mumbai.

In his nearly 30 years of starting and then building up Infosys, he did not have the time to focus on investing anywhere else, he said. “Enormous aspirations have been unleashed,” he said. India recently kicked off the Data Empowerment architecture, a framework for consented data sharing across the financial sector.

“In 2014, when I came back from doing Aadhar, I suddenly realised that there was a startup revolution happening in India, particularly in Bangalore and in Koramangala where I live. Today, Fundamenteum prides itself on a partnership model that ‘isn’t limited to capital,’ with the team offering active mentorship to entrepreneurs to build robust organisations.

Going forward, Nandan says the focus will be to make investments in a select group of around 10 startups, so that, a few mentors, including Nandan himself, can work closely with each of these entrepreneurs to grow their companies. Please click here for details on investors.

Still, prod him further on whether he views his startup investments under the same lens, and he’s quick to admit that some business models do require a significant amount of cash burn. In the talk embedded below, I explain what made this progress possible. Let’s call her Nandini. But I’m confident that with continued political will, proactive regulators, and further innovation, India will continue to surprise the world with its solutions.