Archana Jahagirdar, Founder & Managing Partner, Rukam Capital
“Over the past nine years of the launch of the Startup India initiative by our Hon’ble Pm Shri Narendra Modi in 2016, startups have become key drivers of job creation and innovation, generating over 15.5 lakh jobs and reshaping employment trends in emerging sectors like quick commerce. Unlike traditional firms that primarily create replacement roles, startups pioneer entirely new business categories, redefining markets and fostering competition. This success is reflected in the rising number of IPOs and venture-backed companies that are redefining India’s economic landscape. Furthermore, the pivotal role of venture capital is clear, with the top five U.S. companies being venture-backed, emphasizing its importance in this ecosystem. Beyond funding, venture capital provides strategic guidance that empowers entrepreneurs to succeed. In India, the synergy among founders, policymakers, and investors underscores the vast potential of startups to drive scalable innovation. With continued focus and support, startups will remain central to India’s economic growth and global stature.”
