I've always been passionate about technology. Starting tech businesses was a very natural extension. Thus, keeping up to date with latest trends is not a process driven activity for me. If one wants to innovate or even survive in today's competitive world, one must keep abreast of emerging new technologies.
Bhavin TurakhiaI have never compromised on fundamentals. I've always believed in focusing on creating value and not valuation.
Bhavin TurakhiaThere is always some element of competition. As and when more players show interest in a space, it endorses increasing demand. I have never taken competition as a treat.
Bhavin TurakhiaBefore I start a company, I always invest at least one year to knowing that sector thoroughly. I research about almost everything related to that business - competition, market potential, revenue model, legal and regulatory obligations, among other aspects.
Bhavin TurakhiaNever compromise on hiring the best talent. Build value, not valuation. We have never used tactics like giving discounts, cashback to make customers use our product. This way no one can create a sustainable business.
Bhavin TurakhiaA lot has changed in India in the last decade. We can attribute the growth of India's startup ecosystem to the increased penetration of affordable smartphones and data connectivity across the country. Technology is no longer a luxury. People across generation and geographies are making use of mobile technologies. Startups have capitalised on this phenomenon.
Bhavin Turakhia