The Surreal Feel

It is difficult to describe something that means so much to you and that you’re so passionate about, nonetheless I will give it a shot.

Enactus H.R. College – An organization very close to my heart, one that has taught me some of the best things I know, opened my eyes to the harsher reality that is the life of the less privileged, and made me an ardent follower of the ‘Do Good. Feel Good.’ way of life.

It is commonly known that a massive part of the human race is below the poverty line, lacks access to basic facilities and suffers from a number of diseases, but we tend to ignore these and find more sorrow in our “trivial” day to day problems. I used to be a part of this ignorant section of people, until 10 months ago, when I was introduced to Enactus, and it’s been a life-changing experience ever since.

Some of my best memories are my trips to the less-explored suburban parts of the city for CHIP Mapping and Saarthi Training. This was quite the struggle for me, taking the crowded trains, making the long journey, waking up early even during vacations and missing out on outings with friends as, but looking back, it was worth it all and I feel privileged to have come across the people I was fortunate to meet during these training sessions. They struggled to make bare ends meet every day, their life was a busy routine of endless odd chores and errands. But they did it all with a wide smile of their face. Every time I met them, they would run us through their day to day lives, crack jokes with us, narrate stories about their families. Those wide grins never left their face and they encountered every struggle without a single complaint, thanking God for all they had been blessed with. It was a huge life lesson for me and an eye opener, to say the least. They helped me understand the difference between ‘need’ and ‘greed’, and taught me that greed was not a need.

Another key thing Enactus has taught me, is to think in different ways, and never give up on ideas, no matter how challenging they may seem. The entire brainstorming process we undergo, for everything we do, never ceases to amaze me.

Being a part of this wonderful organization has definitely increased my self-confidence. I have pitched ideas to a several corporates and salons, under Project Peach Vibe and Aasha. I’ve connected with corporates at senior levels, convinced them to collaborate on our projects, among a lot of other things that Enactus has given me exposure to.

Last but definitely not the least, the club has introduced me to a number of passionate, enthusiastic and ever-supportive seniors and peers. I’ve made a lot of friends through Enactus and am sure there are many more yet to come my way.

What is most inspiring to me, is the energy and the passion to transform lives. That is what Enactus is about. ‘Transforming Lives Positively’. I joined it with the same intention, but little did I know that it would land up transforming me in a manner and magnitude, simply unthinkable.

Vedant Lakhotia,

Member

Enactus HR College

Why is India the Chosen destination for Venture Capital Firms ?

" India is not Simply Emerging , it has already Emerged " - Barack Obama

          

                                 

 " Venture capital is about capturing the value between the startup phase and the  public company phase." -- Fred Wilson

India has risen as a key destination for global venture capital investing and a prominent hub of technology innovation with one of the fastest growing economies globally driven by a large middle class leading to vibrant domestic consumption , robust domestic talent pool and strong manufacturing base.

1. Start Up Boom 

The entrepreneurial boom and dense tech talent are creating many big opportunities and India is set to become the largest economy beating China.

The Indian start-up ecosystem is rapidly evolving driven by an extremely young, diverse and inclusive entrepreneurial landscape. This is leading to emergence of focused domain solutions for verticals like healthcare, agriculture, and education etc. An additional driving force is a four-fold increase in access to capital through VCs, angel investment and seed funding is allowing Indian entrepreneurs to work on building tailor-made products for their customers.

As per NASSCOM Report, India is The Fastest Growing and 3rd Largest Start-Up Ecosystem globally.

According to Google Capital " In the next 5 years , 30% of the world's billionaires will be from India."

2. SETU

The Government has established a mechanism to be known as SETU (Self-Employment and Talent
Utilisation) under NITI Aayog. SETU will be a Techno-Financial, Incubation and Facilitation Programme to support all aspects of start-up businesses, and other self-employment activities,
particularly in technology-driven areas.

Also, India Aspiration Fund (IAF) under the Small Industries Development Bank of India with a capital of Rs. 2,000 crore to give a boost to start—up ecosystem in the country.

3. Untapped Market with Huge Potential 

- Despite being the 2nd highest user of internet worldwide after China , the penetration is still at a low of 30%, which means it has a huge untapped market.

- 1.21 Billion Population with 30% Urban and the rest is Rural which is untapped and has a huge potential for any product.

4. Reforms by the Government

The writing on the wall seems clear. New policies, regulations and improvements in India’s macroeconomic parameters, as well as its growth prospects, seem to be taking it to the next level of development. Investments within and outside the country are therefore expected to bear fruit. More importantly, these investments and the visible changes caused by them can be sustained over a period of time. It’s time investors made the best use of these positive developments.

5. Internet Boom 

A total of 354 million users of internet, and an average of 20hours per week spent on internet by an average user and the advent of low-cost smartphones, coupled with low mobile tariffs, has empowered consumers in the hinterland to use data connectivity and we will be seeing more usage of internet from these areas in the months to come. Also, the increased internet usage will boost digital commerce in India.

The size of the internet economy of India by 2020 would be $ 200 billion with current analysis.

                               

CONCLUSION :

Well for India , this is that once in a lifetime moment to seize the opportunity and show the world that it is no more an underdog and be the start-up and skill capital of the world.

The Start-up boom and the growing middle class with internet reach and usage growing exponentially has given the VCs to invest in a growing world power.

Venture Capitalists are looking at investing in high-potential technology and technology enabled businesses with the following characteristics:

 Strong leadership and management teams

 Potential to become disruptive category leaders

 Capital-efficient business models

 Targeting rapidly growing domestic or global market segments


Useful Links :

1. Total Funding of India in 2014 : http://yourstory.com/2015/01/india-funding-digest-2014/

2. Funding Report for 2015 Q1 : http://yourstory.com/2015/01/india-funding-digest-2014/

3. Total Start-up Investments in 2015 : http://trak.in/india-startup-funding-investment-2015/

-Akash Kakkar
 Vice President
 Enactus H.R. College

Leading The Way!

Fresh out of school, in the summer of 2011, I taught at the NGO Akanksha. Out of the 20 students I taught, I yet remember these 2 primary boys who made fun of my English accent

“Didi, aapke pas aise accent kyon hai?” and they laughed at me and I joined them. This was one of my first interactions with children from marginalized communities. Externally, you could have seen many faults in their environment, but within them was a spark that brought out a childish gleam within me. I later went on to teach Mubashir, a boy my age, as frazzled as I was, looking for a college to get admission in. He scored a 74%, which is fabulous considering the limited resources he had while growing up. He later went on to get a seat in Wilson College.
                                                 
Now why does this story matter? Well, you see, Mubashir, a boy my age with limited resources achieved marks as good as mine.

Mubashir was lucky, he had the teachers at Akanksha to help him and guide him.

But what about the lakhs of other students such as Mubashir? The ones who do not have the backing of an organisation.

 Imagine the possibilities, the success stories that all those students would become, if someone was able to guide them, to give them that opportunity.

And that is what Enactus does. We give them the opportunities or rather we get them.

Enactus gives us a platform to sit together and help develop the community around us. We create sustainable and scalable business models to help improve the lives of those in need.

We get the opportunity to do something meaningful, an opportunity to change a life, an opportunity to make a difference.

In the 3 years of working at Enactus H. R. College, I am proud to say that through our Projects we have uplifted the lives of more than 175 women and the number keeps increasing.  We continue to give opportunities to those who are shackled by social backwardness, the ones who lack the confidence or means to achieve their fullest potential.

Through our Projects we wish to fuel hope into those souls who have been overlooked. We don’t want to simply donate or share their story but want to make them completely self reliant. We aim to make them entrepreneurs and teach them skills for them to make a livelihood from it.

From homemakers to bread earners, we have improved the standard of living and quality of living of many. But our journey continues. We will be unstoppable until we improve the lives of all Indians across the country and give them the opportunity that all of them deserve. Through our projects we do believe we will or will strive to create a nation with equal opportunities because only if we believe we can make a difference, we will make a difference.

-Shikha Thakore
President
Enactus H.R. College