by G.Sabarinathan, PhD1 So, for all the excitement about being India’s Silicon Valley and so on, Bangalore seems to be ranked 33rd among startup cities in the world. That is what I noticed from PitchBook’s (PB) survey of October 2023.2 The scoring methodology PB’s list identifies the top fifty cities in terms of Venture Capital (VC) financing activity. And its survey ranks cities on two different top level dimensions, namely development and growth. Development itself is measured in terms of size and maturity. Size comprises value and number of deals…
Category: Centres of excellence
Churn inside the Classroom
How does a business school deliver concepts and entire courses that speak to the rapidly emerging needs of various industries, especially the newer ones, without compromising on academic standards? How does it compete against alternate sources of learning that deliver content that have greater appeal as more immediately relevant to the needs of industry? G. Sabarinathan, PhD1, explores the issue A few weeks ago I wrote a post titled The YouTube Effect2. I had articulated my hypothesis about the future of the delivery of learnings inside the classroom. The light…
A Kerala Conundrum
What are the conditions that will enable the entrepreneur inside many of us to find expression? C Balagopal’s book, ‘Below the Radar – The untold story of how modern manufacturing grew by stealth in Kerala’, explores this question and provokes thought in the reader, writes G. Sabarinathan, PhD1 Well before Vasco da Gama set out for Kerala in 1498, this littoral strip of land in Southwestern India had been in touch with the Greeks and then the Romans and the Arabs, writes Manu Pillai, the young sensation among historians, in…
Elective Story
An elective, in a B-school, resembles a living organism to the extent that it needs to adapt itself to the emerging environment if it has to survive. The number of mutations that his elective – New Enterprise Financing (NEF) – has been through, over 21 years, is an example of such adaptation, writes G. Sabarinathan1 A few weeks ago, I wrote a post on the last edition of my elective, New Enterprise Financing2, that I had taught at Indian Institute of Management Bangalore (IIMB). The comments on the post and…
Making universal healthcare affordable Through her venture, in the GS-NSRCEL 10K Women program, Dr Sumona Karjee Mishra brings self-monitoring devices in healthcare to all
Prantae Solutions Pvt. Ltd. is a healthcare device and diagnostic startup from Bhubaneswar, Odisha. It was founded in June 2015. Winner of the CII-IPR award for the last four years, they pride themselves on their R&D capabilities and have a DSIR-recognized R&D facility. Prantae has received grants from DBT-BIRAC, DST, MeitY, Tata Trust, Millennium Alliance, Grand Challenge Exploration-India for product development. During the pandemic, Prantae developed three diagnostic solutions and two of them were validated by ICMR for SARS-CoV2 detection. Their team comprises 12 young engineers and two scientists. Prantae’s…
The High and Lows of Indian business: Four stories unravelled G. Sabarinathan shares his takeaways from Nandini Vijayaraghavan’s recent book, ‘Unfinished Business’
I first heard about Nandini Vijayaraghavan a couple of years ago, when a friend of mine forwarded a short review of her translation of Shri Krishnamoorthy’s Tamil classic, Sivakamiyin Sabadam (Sivakami’s Vow). Tamilians of my generation, and that of my parents, grew up waiting for serialized version of this and his other novels in the Tamil weekly, Kalki. You can get a glimpse of Shri Krishnamoorthy’s life and work at https://www.thehindu.com/books/how-kalki-penned-ponniyin-selvan-dipping-into-archival-books-in-an-old-steel-trunk/article65949508.ece and https://www.thehindu.com/books/kalki-krishnamurthy-his-life-and-times-more-than-just-a-biography/article65296015.ece Unfinished Business is no work of fiction, although as Vijayaraghavan notes in the book, quoting Aldous Huxley,…
2021: Looking back at the venture capital industry
Prof. G.Sabarinathan1 examines the swelling tide of capital, the growing allocation to alternative investments, institutional evolution and demand-supply dynamics that have impacted the role of the VC industry in the governance of investee firms It has been an eventful week for venture capital (VC). In USA, which I will focus on for now, Elizabeth Holmes, founder of Theranos was convicted.2 Interestingly, Holmes’ conviction coincided with the end of a year when the US VC industry hit a funding record of $ 330 billion in 2021! Coincidentally, perhaps, the Indian VC…
“The Cult of We”: The story of a venture funded start-up that nearly imploded
By Professor G. Sabarinathan1 Ever since its first attempt at an Initial Public Offering (IPO) was dropped, news about the developments at the highly visible co-working space provider, WeWork, later on rechristened as The We Company started tumbling out in the form of numerous press stories. Books were written about its meteoric rise and the equally visible crises it descended into. This article is based on one such book, The Cult of We – WeWork, Adam Neumann, and the Great Startup Delusion by Eliot Brown and Maureen Farrell2. Both Brown…
In pursuit of the not so mythical unicorn
The recent rapid emergence of unicorns in India leads Professor G. Sabarinathan1, 2to explore this phenomenon and ponder whether the obsession has gone too far Last week, CBInsights, now an almost universal go-to shop for data on startups and tech businesses, published a list of unicorns across the world. At 702, the number of unicorns surprised me although it need not have, going by the almost daily flow of news of the minting of the newest unicorn somewhere in the world. That size of 700 was significant enough for anyone…
A Tale of two Memoirs of Devaki Jain and Shanta Gokhale Prof. Rajalaxmi Kamath delves into the two books and comes away impressed
In a frenzy of an extended weekend reading, I finished two recently published memoirs of women, now well into their 80s – Devaki Jain’s ‘The Brass Notebook: A memoir’ and Shanta Gokhale’s ‘One Foot on the Ground: A Life told through the Body’.* Both women are exemplars of modern Indian women representing a unique cohort – generations that witnessed the unfolding of India’s post-independence years. The similarity in their life histories is rather incongruous but explained by their unique times and the fact that only a privileged few in those…