Zoho co-founder and CEO Sridhar Vembu has said that Indian startups are under high pressure, which is causing some to fail. He made the comments in an interview with the Economic Times.
Vembu said that the pressure on startups is coming from a number of factors, including the high cost of living in India, the competitive landscape, and the expectations of investors. He said that some startups are feeling the pressure so much that they are making decisions that are not in their long-term interests.
“There is a lot of pressure on startups,” Vembu said. “They are expected to grow very fast and they are expected to be profitable very quickly. This is putting a lot of stress on startups and it is causing some of them to fail.”
Vembu said that startups need to focus on building sustainable businesses that can weather the ups and downs of the market. He said that startups should not be afraid to take their time to grow and that they should not be afraid to pivot if their original business model is not working.
“Startups need to be patient,” Vembu said. “They need to focus on building a sustainable business that can last for the long term. They should not be afraid to pivot if their original business model is not working.”
Vembu’s comments come at a time when the Indian startup ecosystem is facing some challenges. The number of new startups being launched has slowed down and there have been a number of high-profile failures. However, Vembu is confident that the Indian startup ecosystem will weather the current challenges and emerge stronger.
“I am confident that the Indian startup ecosystem will weather the current challenges and emerge stronger,” Vembu said. “There is a lot of talent in India and there is a lot of potential for growth. I am excited to see what the future holds for Indian startups.”
“The Indian startup ecosystem is at a critical juncture,” said Ashish Jhaveri, managing director at Sequoia Capital India. “There is a lot of pressure on startups, but I believe that the ones that are able to weather the storm will emerge stronger.”
The comments by Vembu and Jhaveri are a reminder that the Indian startup ecosystem is still in its early stages of development. There will be challenges along the way, but there is also a lot of potential for growth. The future of Indian startups looks bright, but it will be interesting to see how the ecosystem evolves in the coming years.