Indian startup ecosystem. The sector has witnessed one of the worst slowdowns in risk capital funding for startups that has stretched for over a year, drawing the moniker of a “funding winter”.
The eleven jurors including top business leaders, startup entrepreneurs who have taken their companies public recently, marquee investors and other founders, would therefore display a razorsharp focus on business models built for the long term.
In addition, they considered allied metrics such as corporate governance standards, and the profile of senior leaders within the shortlisted firms.
The jury members logged in from across India, Singapore, and the US, armed with an 87-page dossier, prepared by ET’s editorial team. The document, which included confidential data from the companies, is designed to provide a deeper understanding of the contenders.
Chaired by Kotak Mahindra Bank founder and director Uday Kotak, the jury met for almost two-and-a-half hours. They participated in intense discussions on each of the eight categories with each member presenting their viewpoints on each of the candidates.
“The quality of nominations across categories were of very high-quality. Winners in categories like the Top Innovator have shown the courage to take on really large-scale problems that can make a big difference,” juror Supam Maheshwari, who is the cofounder & CEO of FirstCry said. “The