Radhika Gupta, CEO of Edelweiss Mutual Funds, cautioned aspiring entrepreneurs towards falling for the “startup romance.” She identified that many profitable companies usually current solely the glamorous features of their journey, overlooking the difficult and arduous efforts that play a vital position in attaining success.
Radhika Gupta hospitalised after head damage, praised swift Indian healthcare restoration.(Instagram/Radhika Gupta)
“There is now an increased air of ‘startup romance’ that paints startup life as working in chiller attire out of a fancy co-working space, talking ideas all day, raising funding rounds, giving gyaan on social media, hosting Fri Eve drinks for colleagues,” Radhika Gupta wrote on a publish on X (Previously Twitter).
“Don’t fall for it,” Radhika Gupta added.
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She mentioned “start-up reality” hits quickly, and this implies “painful execution, limited budgets and even more limited working conditions, constant rejection, challenges in hiring and retention, pressure for revenue at any cost, and uncertainty for a very long period of time.”
Radhika Gupta’s feedback come after Dhruv Suyamprakasam, the co-founder and CEO of iCliniq, a telemedicine startup, mentioned in an interview with Enterprise Insider that he needed to transfer out of Bengaluru because of the difficulties he confronted there.
Suyamprakasam, initially from Coimbatore in Tamil Nadu, determined to maneuver to Bengaluru in 2010 after beginning his firm as a result of it was the centre of India’s mainstream startup ecosystem.
Nonetheless, he was met with plenty of unfavorable bias from buyers, usually feeling “excluded” as he did not converse Hindi, didn’t go to IIT, and was from a “small town many people had not heard of.”
He had different vital challenges to face too. “It’s a place that expects companies to grow fast and fail fast,” he mentioned.
He felt that this was not “the right pressure to put on a healthcare startup, which has no margin for errors and requires a lot of trust from people.”
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He added that he “met investors expecting to get 100 paid consultations in a day”.
His father was a first-generation entrepreneur who already had a profitable enterprise.