New Delhi, Jan 16 (Bureau) India has recently emerged as the third-largest startup ecosystem in the world. Recognising the diligence of these visionaries, Prime Minister Narendra Modi had declared January 16 as National Startup Day in 2021. In fact, an entire week is dedicated to this event, starting from January 10 to 16, where entrepreneurs, aspiring entrepreneurs, and other enablers come together for stimulating knowledge-sharing sessions. Startup India is the Government of India’s flagship initiative to catalyse startup culture and build a strong and inclusive ecosystem for innovation and entrepreneurship in India. Vikas Jain, Co-founder World of PLAY, said, “The wearable market has recorded immense growth in the last few years. According to GlobalData’s latest report, the global wearable technology market is expected to register a CAGR of 19 percent from 22 billion dollar in 2018 to 54 billion dollar in 2023, which is attributed to the growing demand for multimedia devices and smartphones, as well as rapid adoption of health-based devices, especially fitness trackers.”
“In this category, smartwatches are leading the charts with the highest adoption among young consumers. At the World of PLAY, we have always focused on innovation and the design language of our products, thus providing users with the fashion element they always look for. As technologies evolve, we will likely see more innovation in this space. With our in-house finesse, we will strive to make the most of new growth opportunities and bring more innovative products to the table,” Jain added. Aakrit Vaish, CEO and Cofounder at Jio Haptik, shared, “Every part of the nation is experiencing a surge in tech penetration,
and every form of organisation is transitioning to a digital-first model. Technology and digital were considered just exciting topics till a few years ago, but now we see major adoption of tech everywhere.”
“The National Startup Day is not only an opportunity to celebrate the groundbreaking ideas of entrepreneurs and inspire budding startups but it also encourages and uplifts the entire community. The times to come will be highly intriguing given the vast future potential available and the number of entrepreneurs stepping forward to seize those opportunities,” said Aakrit. “Haptik has seen exponential growth while supporting and collaborating with other leading startups like Zoop, CashE, Pepperfry, OYO etc to help them improve their customer service, reach untapped audience, boost revenue and much more through their services. Additionally, over 5000 SMBs have been added to our platform, Interakt, in the previous 12 months,” added Aakrit.