ET Startup Awards 2019: Nominees for 'Startup of the Year' category
The firm which best leveraged India’s unique startup ecosystem to build a lasting venture will take home ‘Startup of the Year’ award.
Founders: Mukesh Bansal and Ankit Nagori (in pic)
Key Investors: Chiratae Ventures, Accel Partners, Kalaari Capital, Unilever Ventures
What It Does: Curefit is an integrated health and fitness care platform with both online and offline presence and over 500,000 active subscribers. The vision of its founders is to foster a healthy lifestyle through food, fitness and meditation. By the end of 2020, the company plans to expand to at least 50 cities.
Founder: Falguni Nayar
Key Investors: TPG Growth, Marico’s Mariwala Family Office, Hero Family office, TVS Capital Funds, Lighthouse
What It Does: Nykaa is a beauty products etailer. The company is now looking to push new initiatives like Nykaa Man, build heft in its fashion and apparel categories, and grow offline stores as it expands beyond beauty.
Founders: Nithin Kamath and Nikhil Kamath
Key investors: None
What it does: Zerodha is the country’s largest retail brokerage platform executing two million trades daily. Additionally, it has begun lending and selling mutual funds through its platform Coin. It has also launched an app, Varsity, focused on imparting education related to stock broking and investments.
Founders: Peyush Bansal and Amit Chaudhary
Key investors: TPG Growth, Premji Invest, Steadview Capital, Chiratae Ventures, IFC, Adveq Management, TR Capital, Unilazer Ventures
What it does: Lenskart is an omnichannel eyewear solutions company. It has launched in-house brands, John Jacobs and Vincent Chase, along with a contact lens brand Aqua, which now contribute to the bulk of its overall revenue, making it the largest player in the organised eyewear market in India.
Founders: Sahil Barua, Mohit Tandon, Suraj Saharan, Kapil Bharati (in pic), Bhavesh Manglani
Key investors: SoftBank Vision Fund, Carlyle Group, Fos- un International, Nexus Venture Partners, Multiples PE, Tiger Global, Times Internet
What it does: Delhivery is a logistics and supply chain firm that provides services like express parcel transportation, freight, reverse logistics, and B2C warehousing and technology services. Recently, it expanded its services to cross-border, B2B logistics and integrated distribution solutions to enterprises.
Must Read: ET Startup Awards 2019: Nominees for the 'Midas Touch' category
WHAT WE LOOK FOR IN A WINNER
Expert Speak: Renuka Ramnath, Founder, Multiples Alternate Asset Management
All entrepreneurs should be commended for having the courage and conviction to take up the arduous journey, but there will be some that stand out. For me, the winners will be determined by a few important factors.
First, the uniqueness of an idea or customer insight in the business model, especially if the model addresses a uniquely Indian opportunity.
Second, execution excellence. I have seen the same opportunity yield significantly better results in management teams that excel at execution.
Being an investor, I would add ‘respect for capital’ as another factor. The strongest businesses are created in tough environments and a frugal use of capital and resources tends to pay paid rich dividends in the long run.
Expert Speak: Sriharsha Majety, Co-founder, Swiggy
For me, a startup’s first order of impact will be the biggest factor. It can be how large a problem it is taking on, how big the opportunity is and how much progress it has made in its mission. One has to look for the delivered impact or the potential impact it creates.
The next is second-level outcomes. It could be how the company has impacted stakeholders, be it customers or merchants. If there is a large-scale employment angle, that will be special.
Last, I would prefer startups that innovate on an Indiafirst model. This particular business model, which can be implemented globally, is what I will look for beyond a startup’s absolute impact.