Summary:

The BS Manthan summit in New Delhi brought together industry experts from India's startup ecosystem to discuss funding, digital commerce, and consumer behavior. Puneet Singh Jaggi (BluSmart and Gensol), Anshoo Sharma (Magicpin), and Achint Setia (Snapdeal) shared insights on their entrepreneurial journeys, the impact of technology on business strategies, and the evolving needs of the 'Bharat customer.'

Snapdeal's CEO, Mr. Achint Setia, emphasized the growing influence of the digital revolution in smaller towns and among lower-income groups. He highlighted the increasing importance of digital technology, with customers prioritizing price over brand loyalty. Mr. Puneet Singh Jaggi, co founder of BluSmart, explained how entrepreneurs often rely on personal savings in the early stages. Magicpin CEO, Mr. Anshoo Sharma, stressed the dominance of offline retail and the rise of rapid commerce, with investors supporting technological innovation.

Source: IBEF

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