HomeMedia CenterSachin Bansal, Kunal Shah to Ashish Kashyap, here is why serial entrepreneurs are crucial to the ecosystem

Sachin Bansal, Kunal Shah to Ashish Kashyap, here is why serial entrepreneurs are crucial to the ecosystem

Flipkart co-founder Sachin Bansal is believed to back cab aggregator Ola with a $100 million investment after exiting Flipkart post its buyout by Walmart. Recently, Freecharge co-founder Kunal Shah announced his next start-up Cred, a platform to reward creditworthy individuals. Shah follows in the steps of Ashish Kashyap, founder of travel portal Ibibo, who recently announced his next venture, INDwealth, a wealth management start-up.

The rise in serial entrepreneurs heralds a healthy recipe for success, say experts. A working paper by researchers at Stanford University and at the Copenhagen Business School shows that serial entrepreneurs record faster success, are 39% more productive and have 67% higher sales than first-time entrepreneurs.

Venture capitalist and serial entrepreneur Bala Parthasarathy, who is co-founder and CEO of MoneyTap, says, “A good ecosystem like Silicon Valley has a healthy mix of both first-time and serial entrepreneurs.

While starting a successful company once doesn’t guarantee repeat success, it ly provides ballast to the entire environment, tempering it with euphoria and helping attract more investors into the country who are drawn by previous successes.”

According to experts, having a negligible fear of failure is one of the key criteria of success for entrepreneurs. And serial entrepreneurs are known to take greater risks and make bolder strides.

A report by UK-based entrepreneurship think tank, Centre for Entrepreneurs (CFE), shows that compared to 40% first-time entrepreneurs, only 13% of serial entrepreneurs express a fear of failing in business.

Experts say serial entrepreneurs benefit the ecosystem through multiple ways. First, they can attract more funds into the ecosystem. Bhavin Patel, co-founder and CEO of fintech start-up LenDenClub, says through their prior experience and networks, serial entrepreneurs can pool in greater funds. “Sometimes, venture capitalists bet on a serial entrepreneur based on his or her previous entrepreneurial journey.”

According to Mandar Agashe, founder and vice chairman, Sarvatra Technologies, a serial entrepreneur sometimes plays the role of an angel investor, which is vital to the ecosystem to explore untested products or business ideas. “Investors are attracted to the upside of a successful start-up which evades their downside risks, and therefore, are more likely to invest in an enterprise run by a serial entrepreneur, than a first-time founder.”

Agrees Parthasarathy, who says investors are “cold-blooded financial managers who get excited by the risk-adjusted return of their capital. Since successful entrepreneurs are considered to carry lower risks, investors naturally gravitate towards funding them. But once investors step into the ecosystem, they discover new ideas and meet first-time entrepreneurs with attractive business plans and the cycle continues.”

Serial entrepreneurs also enhance the ecosystem by spewing a new crop of founders and start-ups. According to Sandeep Aggarwal, founder and CEO, Droom.in, who also founded ShopClues, entrepreneurship is a tough and lonely path and inspiring others can help the ecosystem to grow. “When I went out for the first time, there were people who came to help and guide me and several of them were serial entrepreneurs.”

Credit: Zeebiz.com

Read more at: https://www.zeebiz.com/small-business/news-sachin-bansal-kunal-shah-to-ashish-kashyap-here-is-why-serial-entrepreneurs-are-crucial-to-the-ecosystem-72154

LenDenClub is India’s largest alternate investment platform which started operations in India in 2015. We have been helping lenders diversify their investments beyond traditional investment instruments ever since.



The Reserve Bank of India does not accept any responsibility for the correctness of any of the statements or representations made or opinions expressed by Innofin Solutions Private Limited, and does not provide any assurance for repayment of the loans lent through its platform.

LenDenClub is an Intermediary under the provisions of the Information Technology Act, 2000 and virtually connects lenders and borrowers through its electronic platform via the website and/or mobile app.

The lending transaction is purely between lenders and borrowers at their own discretion, and LenDenClub does not assure loan fulfilment and/or lending simple interest. Also, the information provided on the platform is verified or checked on the best efforts basis without guaranteeing any accuracy of the data/information verification. Any lending decision taken by a lender on the basis of this information is at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower, fully or partially. The risk is entirely on the lender. LenDenClub will not be responsible for the full or partial loss of the principal and/or interest of lenders’ lending amounts.

*This is an annualized yield and is subject to the maximum FMPP tenure, which is 5 years. P2P lending is subject to high risk and may cause an entire loss of principal.

*P2P lending is subject to risks. And lending decisions taken by a lender on the basis of this information are at the discretion of the lender, and LenDenClub does not guarantee that the loan amount will be recovered from the borrower.

** Average value mentioned is the weighted average of simple interest received by lenders

© 2024 LenDenClub by Innofin Solutions Private Limited | CIN: U74999MH2015PTC266499