GenZ Entrepreneurs: Where Creativity Meets Inspiration & Innovation
They are quite famous as GenZ. This generation has led to a flourishing startup culture in India, with young individuals majorly opting to work for their startup as an alternative to the traditional 9-5 job. This generation is progressing with improving technologies as they are tech-savvy and innovative. They always like to fight for inclusivity and acceptance embracing diversity in every horizon.
Together we innovate, Together we inspire!! Bold, Brave & Ready for anything, anytime & anywhere!!
This fearless and risk taking generation are more likely to look for start their own business, than the previous generation. New research from ZenBusiness, an Austin, TX, platform has undertaken a survey and study report, which says 93% of Gen Zers "have taken a step toward exploring business ownership." The study surveyed nearly 1,000 Gen Zers aged 18 to 25, showed that 84 percent of them selected entrepreneurship as the most exciting of 12 career paths, and that 75 percent of them ultimately want to become entrepreneurs. Last year, 42 unicorns came up in the country. These companies worth thousands of crores of rupees are the hallmark of self-reliant and self-confident India.
GenZs are limitlessly Thinking, Creating and Encouraging the Generations to come!!
Diversion of the Dynamics of Entrepreneurship
Our forefathers or the previous generations were quite hesitant or under-confident to start a business, rather they were mostly associated with 9-5 jobs, which is safe, and risk free. Before we needed a lump sum amount of capital, credit and expertise to be a business owner, with a dash of clout and a sprinkle of nepotism. But today the story is taking diversions with GenZ who with their Technological advancements, globalization and the emergence of the gig economy have created fertile ground for Millennials. According to a survey conducted by Microsoft, Gen-Z is redefining the idea of work hustle in and outside the office, with 48% of Gen-Zers having numerous side hustles and 62% indicating they have started, or intend to start, their own business. With nearly 10,000 Baby Boomers retiring daily, these young successors are much needed. GenZ have grown up in an interconnected world where many barriers to entry have been lowered, allowing them to seize opportunities and pursue their business ventures at an early stage.
A survey report of ZenBusiness shows a staggering 93% of Gen-Zs have already ‘explored’ business ownership. And this isn’t a passing trend; 75% of them have their sights set on becoming full-time entrepreneurs, as the allure of traditional careers continues to fade. 80% of GenZ, believes that they are better suited for entrepreneurship than their parents’ generation.
GenZs are breaking the mold and making their mark towards a brighter future.
“Today India is rapidly moving towards hitting the century of the unicorns. I believe the golden era of India's start-ups is starting now.” -Narendra Modi
Prime Minister Narendra Modi has effortlessly encouraged the young burning brains and learning hearts who are always ready to take the highest flight. He launched Startup India campaign which has ushered in even more possibilities for the Indian start-up ecosystem. He said to the young risk takers not to be stagnant in their local market but touch the global market with their innovation and make our country proud.
“Startups are going to be the backbone of New India” - Narendra Modi
Qualities which make them Best of the Best
These next-generation innovators are typically driven by a vision to create meaningful changes and are unafraid to challenge the status quo. Considering these values, they are creating businesses that address pressing global challenges, from climate change to social inequalities GenZs are being raised in this digital age. As GenZs have an inherent connection with the cutting –edge technologies they can quickly adopt new digital tools and platforms, leveraging them to streamline processes, reach broader audiences and scale their businesses rapidly.
They have experienced digital revolution in various industries, revolutionizing sectors such as e-commerce, fintech and the sharing economy. This rejuvenated and shrill generation is bringing creativity and a fresh perspective to the table and makes the whole world bound to embrace these new thoughts wholeheartedly.
Let’s see few of the burning examples of GenZ entrepreneurs who are making India proud.
Aadit Palicha and Kaivalya Vohra
Two Stanford University drop-outs Aadit Palicha and Kaivalya Vohra, founded a quick commerce platform that offers a 10-minute grocery delivery service. The startup was launched to provide customers with ultra-fast grocery delivery and became India’s first unicorn of 2023 raising USD 200 million at a valuation of USD 1.4 billion. Before starting the company Palicha,CEO of the company belongs to Mumbai launched a carpooling mobile application in Dubai called GoPool. Vohra, who is the CTO of the company, belongs to Bengaluru but grew up in Dubai. He is the youngest millionaire in India. As per IIFL Wealth Hurun India Rich List 2022, Zepto founders Palicha and Vohra are having a net worth of Rs. 1200 crore and Rs. 1000 crore, respectively.
“We are not scared to do what we have not done and in the process, compete with bigger players.” -Aadit Palicha
A Young Entrepreneur, AI Researcher,Computer programmer and all-around tech extraordinaire is the founder of Apex Infosys India, and is currently its chief executive officer. This 15-year-old Indian tech prodigy started using computers at the age of six and launched his first website when he was nine years old, and has been working with Google’s AI and Cloud Platform for a couple of years now. While other boys and girls of his age were stacking Legos and playing make-believe, this seven-year-old was learning how to code. At age seven, Advait launched his first website which he developed using simple HTML and CSS. When he was a secondary school student he was a guest lecturer at the prestigious IIT, Bombay. His current net worth is $3.7 Million.
“It was so fascinating to me how computers could really do anything. I wanted to know what goes on behind the back-end and see how you can control the computers and tell them what to do.”– Advait Thakur
One of the most inspiring young entrepreneurs who boldly proved that, age is just a number. At the age of 13 the young boy founded an app-based courier service in Mumbai known as ‘Papers n Parcels’, which is a digital courier company that provides one-day parcel services, collaborating with the Mumbai Dabbawalas. As the business grew, it expanded to include shipping and logistics services, catering to various business needs by 2018. Initially with his father's financial support and the assistance of Dabbawalas he started his entrepreneurial journey and currently his net worth touched Rs.100 crore. He has won India Maritime Award for “Youngest entrepreneur In the Logistic Sector”.
“What I understood was that the whole world is moving towards technology. The yellow-black taxis are on to Ola and Uber, the restaurants delivery guys are onto Swiggy and Zomato. So, when everything is going digital, why not digitalize this sector too.” -Tilak Mehta
He is the founder of disruptive hospitality business and app OYO Rooms and having a net worth of $612.1 million and is considered the World’s second-youngest billionaire. He is a regular speaker at entrepreneurial conferences and institutes across India and the world and a fellow of the Thiel foundation. Agarwal holds a high school degree from St. Johns Senior Secondary School. At the age of 19 he dropped out from college. In an interview he said that, he has only Rs. 23 in his union Bank account when he came to Delhi. His telephone was blocked by the company because he could not pay his phone bill. From there to here, he has made a really long leap and made the whole country proud.
“If there’s one thing that I can say with certainty now, it's this - If you are laser-focused on your end goal, every obstacle begins to feel like a minor bump on the road.” -Ritesh Agarwal
She is the youngest CEO and Web Designer in the world and developed her first website at the age of 6. She also designed the website of her school located in Kerala for which she received the youngest web designer award. Through her companies, eDesign, and TinyLogo, she provides services in web design, SEO, and other fields to many popular brands all over. Till date Srilakshmi Suresh has developed more than 100 websites for renowned institutions and organizations across India. Sreelakshmi has received several national and international awards. At the age of 11, she founded two companies “TinyLogo” a logo-based search engine, and “eDesign” a web designing company. Currently, the 23-yr old female entrepreneur has a worth of $6 million dollars. She won ‘The national child award’ in 2009. She has also been bestowed with awards like the ‘Golden Web Award’ of the US.
“If you are confident that you are competent and prepared to work hard, you can achieve anything” - Sreelakshmi Suresh
Undountedly the Gen-Zs are reshaping the business landscape because of their adaptability, digital fluency and focus on social impact and truly they are revolutionizing industries and challenging norms. India is the third-largest startup ecosystem worldwide, and it is growing at a YOY rate of 15%. If it continues at this pace millions of individuals will innovate to solve new problems and demolish the unemployment rate by creating millions of jobs. GenZ entrepreneurs are not fascinated with living in a bungalow in an affluent area and spending luxurious life with the money of their forefathers, but they are zealous to the core about earning enough money to achieve everything they desire for. GenZ entrepreneurs are restructuring the whole landscape of economy and leaving a significant impact on the generations to come.