Vaidyanathan lauded the Prime Minister Narendra Modi-led government for its efforts towards building a digital ecosystem — through initiatives like Aadhaar, GST (Goods and Services Tax), and ONDC (Open Network for Digital Commerce). “With everything becoming electronic now — starting from licenses and passports to birth and death certificates — the time is ripe for the startup ecosystem to grow further and generate millions of more jobs, which is crucial in India,” he said.
Elevate Your Tech Prowess with High-Value Skill Courses
| Offering College | Course | Website |
|---|---|---|
| Indian School of Business | ISB Product Management | Visit |
| Indian School of Business | ISB Professional Certificate in Product Management | Visit |
| Indian School of Business | ISB Digital Transformation | Visit |
| Northwestern University | Kellogg Post Graduate Certificate in Product Management | Visit |
Young talent is going to be instrumental in driving the startup story, and Vaidyanathan made special mention of 21-year old Aadit Palicha, cofounder and CEO of Zepto. The quick commerce venture is the only company to have raised capital at a unicorn valuation this year. Unicorns are privately held startups valued at $1 billion or more.
Vaidyanathan thanked Piyush Goyal, minister of Commerce and Industries and Rajeev Chandrasekhar, minister for Electronics and Information Technology, for their efforts towards building a digital ecosystem that continues to support and encourage the growth of startups. New-age companies are at the forefront of innovation and the government is actively creating a support system to further this growth, he said.
IDFC First Bank is a bank founded by the merger of Capital First and IDFC Bank in December 2018.