3rd International Conference: Drifts In Business, Governance & Societal Values: Conflict & Challenges

1. Indian Startups Strive: Social Entrepreneurship & Innovation for
Sustainable Business
By: SWAYAM SIDDHA SATPATHY
Research Scholar at Birla Global University
3rd International Conference on “Drifts in Business, Governance & Societal Values: Conflicts & Challenges”
8-9th December’ 17

2.  “Do what you can, with what you have, where you are.”
 “Be the change that you wish to see in the world.”
 “It’s hard to beat a person who never gives up.”
 “One person can make a difference and everyone should try.”
 “Whenever you see a successful business, someone once made a
courageous decision.”
 “I cannot give you a formula for success, but I can give you the
formula for failure, which is: try to please everybody.”
 “Success is walking from failure to failure with no loss of enthusiasm.”

3. Social Entrepreneurship & Innovation
The ignition of fire to do something for the society for better & greater
benefit of humans by diffusing new concept & models.
This fire have created history for India, as India is been ranked 14th best
county in social entrepreneurship ahead of China(34th), Australia(26th)
& Brazil(40th)by Thomas Reuters Foundation for the year 2016.
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4. Problem in India
How to resolve inequities arising from social & environmental issues ???
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5. Case Studies for Discussion
Best corporate strategy & practices from
Greensole,
OLX India,
Goonj,
Jaagruti
&
Billions in Change
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6. OLX India
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To create a marketplace for selling and buying of pre-owned items
by listing the product in online (digital platform) & print media
(newspaper).
The advertisements include listing of items like car, mobile, refrigerator,
television, computer, laptop, sofa, tablet, camera, books and clothes,
among others.
Other categories such as baby products, sports equipment, musical
instruments, fashion accessories, furniture, real estate & many more.

7. Social Impact
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The purchases of pre-owned products, ranging from mobile phones to
cars, have lowered carbon emission.
Impact Assessment
Year
No. of transactions recorded across 11
categories on OLX
Total footprint in metric ton of CO2
emission
2016-17 10,076,870 6.6
2015-16 6,590,975 3.3
2014-15 5,357,175 2.2

8. Carbon Emission by Products
Data By: Environment Education
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Product wise against 11 category of per product amount of carbon
footprint emission in kilogram.
2,013
389.7
504
339
373
120
40.5
182
14.49
2.322
1.31
CARS
FRIDGE
TV
COMPUTERS
LAPTOPS
SOFA
MOBILE
TABLETS
CAMERA
BOOK:1,000
GMHARD
BOUND
CLOTHES:T-
SHIRT
PRODUCT WISE CARBON FOOTPRINT IN KG CO2 EMISSION (PER PRODUCT)

9. Startup India Report
Data By: Nasscom Startup Report 2015 , India
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Start-up Country
Technology Based Non-Technology Based India China Japan US
4300 (Approx.) 57000 (Approx.) Total no. of startups (~) 10,000 10,000 N.A. 83,000
E-commerce 33% 17% Engineering Tech-based startups 4,300 3,400 N.A. 48,500
B2B 24% 13% Construction Non-tech based
startups
5,700 6,600 N.A. 34,500
Consumer
Internet
12% 11% Agri products Set up a new business
(Days)
30 – 60 30 10 4
Mobile apps 10% 8% Textile Corporate tax rate 34% 25% 34% 39%
SaaS 8% 8% Printing & packaging No. of Tax payments by
business (p.a)
33 9 TBD 11
Other 13% 6% Transport & logistics Bank lending rate 10.30% 5.60% 1.20% 3.30%
5% Outsourcing &
support
R&D spending % of GDP 0.85% 1.90% 3.4 2.80%
32% Other

10. Conclusion
The government has rolled out a number of ambitious projects –
Startup India, Make in India, Digital India & Skill India as it looks to
drive sustainable economic growth and generate large-scale
employment in Asia's third-largest economy. Indian startups raised
$8.4 billion funding for the financial year 2015, and the number of
active investors in India increased from 220 in 2014 to 490 in 2015.
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