Figuring Out with Raj Shamani

What's Wrong With Indian Startups? | Dr. Ritesh Malik On Education & Communal Riots |Figuring Out 49

August 12, 2022 Raj Shamani Season 1 Episode 49
Figuring Out with Raj Shamani
What's Wrong With Indian Startups? | Dr. Ritesh Malik On Education & Communal Riots |Figuring Out 49
Show Notes

In this week’s episode of Figuring Out we have Ritesh Malik Founder & CEO of Innov8 Coworking. And in this podcast we have discussed:

-What needs to change with India’s current education system?
-How to deal with competitors?
-What is stopping India from becoming truly a world power?
-What type of startup fails and succeeds?
-How to build the right culture for your organisation?
-What is that one thing every entrepreneur is wrong about?

Ritesh Malik is a medical doctor turned entrepreneur and angel investor, who is extremely passionate about building products which create impact at scale leveraging technology.

Coming from a family of doctors, he was forced into doing medicine, and post that he started working at Sir Ganga Ram Hospital, Delhi, which he didn’t like for one bit, because, back of his mind, he always wanted to do something much more impactful.

In the year 2012, he decided to quit his medical professional and took the entrepreneurial plunge, where he ventured into setting up augmented reality startup AdStuck, which developed an app called Alive in JV with the Times Of India Group, however, he exited from the company after it got acquired by Bennett, Coleman and Company Limited, commonly known as The Times Group in 2013. Then in 2016 he founded Innov8 Working.

In this podcast we talked about the Indian education system, wealth generation, startup failures, the future of the Indian market, and more. Watch the podcast till the end to know complete details.

Ritesh Malik's
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Twitter @drriteshmalik

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00:00 - Introduction
01:53 - Strength of US Dollar
04:53 - Money Vs Health and Relationships
06:04 - Problem with Indian education system
08:05 - Why do we value wealth so much?
10:29 - What needs to change in our Education system?
11:24 - Is the Indian media biased?
16:37 - Purpose of Startup
21:25 - How to make a product stand out?
26:22 - How to beat your competition?
33:07 - What type of startup fails and succeeds?
37:58 - Easiest way to make money
40:56 - How to retain talent?
48:25 - India Vs Foreign Countries
50:59 - Human Resource Scarcity
52:56 - What’s happening in Silicon Valley?
57:25 - Should we start making massy products?
1:11:14 - What can be the next big business?

About Raj Shamani
Raj Shamani is an Entrepreneur at heart that explains his expertise in Business Content Creation & Public Speaking. He has delivered 200+ speeches in 26+ countries. Besides that, Raj is also an Angel Investor interested in crazy minds who are creating a sensation in the Fintech, FMCG, & passion economy space.

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About Figuring Out
Figuring Out Podcast is a Candid Conversations University where Raj Shamani brings raw conversations with the Top 1% in India.