Medicircle Rendezvous: with Ankita Vashistha, Entrepreneur and Venture Capital Investor , Saha Fund

▴ Ankita Vashistha, Entrepreneur and Venture Capital Investor, Saha Fund
“Startups need to think of innovative solutions to bring into their business model,” says Ankita on coping with the economic slowdown.

Due to the CoronaVirus pandemic, a number of Indian businesses are battling with uncertainty about their future. A study that was carried out by Research Gate, concentrated on checking the significant impact of the pandemic on the economy, concludes that the Indian economy is badly affected by the tragedy of COVID-19. The possibility of a downtrend is highly possible in India and most of the countries due to the world economic recession

Ankita Vashistha is a passionate entrepreneur and Venture Capital Investor of Saha funds who has experience as the Founder of India's first Women in Technology Entrepreneurship Fund.

It's very important to always plan ahead for the best and worst-case scenarios in business, she says.

Ankita suggests that portfolio companies can better manage their resources in this pandemic by creating short, medium, and long term business plans and making sure they have money in the bank and carry out steps to conserve cash and elongate their current runway. Also, they need to make sure the teams are able to work remotely in a disciplined and efficient manner.

Leverage technology and online work collaboration tools to work together and make sure every employee is connected and aligned with you. Startups need to think of innovative solutions to bring into their business model and know when to implement them to cope with the economic slowdown,” she says. 

Ankita advises businesses to:

  • Make sure to not spend money on non-core activities
  • Be a role model as the senior management 
  • Take responsibility of your employees
  • Stay disciplined and reach out to mentors for advice

She stresses that communication is the key to make sure all stakeholders like investors, employees, vendors, clients are informed and aligned and know the direction of the business.

How can startups manage this roller coaster-like situation

Everyone’s journey is full of ups and downs but how you manage those, is what differentiates you from the rest and gives you the ability to survive and emerge stronger,” she says. Ankita believes that it is important to be disciplined in this situation of a pandemic, taking note of the business exposure in the short and long term due to the current pandemic and then accepting the flaws and quickly coming up with strategies and business plans with the help of mentors, advisors, and colleagues to move forward.

Impact of CoronaVirus outbreak

Everyone around the world is facing some kind of lockdown and behavioral shift and the realization that it is going to be the new normal. “We have to balance work and family from home at the same time. Initially, the lockdown came as a shock, surprise, and stress as it brought about a sense of long term uncertainty and created panic, fear of sickness, fear of losing loved ones, jobs, and livelihood,” she says. But now it has eased into a routine that is organized and disciplined.

Create a comfortable environment to work from home and also manage the family. I took on the responsibility to lead my teams through this pandemic and made sure we used technology to connect remotely. I have taken this time to also reconnect with colleagues and acquaintances from the ecosystem to exchange ideas and think of how to collaborate and create a positive support system. The current crisis has also had an adverse effect on mental and physical wellbeing, this has led me to meditate and take out an hour a day for self-care activities like yoga, walking, and listening to music. With all the uncertainty out there, it is important to address the issues and also find a sense of balance within,” she says.

Support the innovation ecosystem

Ankita commends the Action COVID-19 Team (ACT) movement, which is a first-of-its-kind initiative by Top VCs and entrepreneurs with INR 100 CR grant, to provide resources and guidance to startup founders and employees. “It’s great that COVID-19 lockdown has brought different stakeholders together to support and fight for a common cause. It’s important that we support the innovation ecosystem during this pandemic, with grants to help bring talent and ideas to the forefront to find innovative, frugal, and scalable solutions to address different aspects,” she says.

Good companies will emerge stronger and better

The current financial crisis has given deeper insights into the business models of different companies across industries. It has also helped the stronger companies to emerge and have unique differentiators.

Of course, on the whole, the market has taken a hit and companies are dealing with lower levels of valuations, so it is a buying opportunity for investors. But these are temporary levels and the good companies will emerge stronger and better. It is a great buying opportunity for the long term companies, but make sure you really look at the past and future of the companies and see what is worth buying for in the long run,” she says.

(Edited By Rabia Mistry)

Tags : #MedicircleRendezvous #ankitavashistha #venturecapital #sahafund #economicslowdown #recession #rendezvous

About the Author

Smita Kumar

I believe that Everyone has a dream, some live with it, some live for it.
Let’s give voices to our dreams.
Share your dream, the journey, and your achievements and failures with me.
Reach me at [email protected]

View Profile

Related Stories

Loading Please wait...


Trending Now

Exploring the Link Between Covid-19 Vaccination and Sudden Cardiac Arrests: ICMR StudyNovember 22, 2023
Powering the Future: China's Biodegradable Wireless System for Bioelectronic InnovationNovember 22, 2023
IMS BHU Pioneers Advanced Cardiac Care: Unveiling Cutting-Edge Technologies for Precise DiagnosisNovember 18, 2023
Inito's $6 Million Boost: Transforming Women's Health with AI-Backed Fertility MonitoringNovember 18, 2023
Madras High Court Advocates for Equality: PG Medical Students to Receive Incentive Marks for COVID-19 DutyNovember 18, 2023
Next-Gen Healthcare: CarePods and AI Redefine the Patient ExperienceNovember 17, 2023
Air Quality Crisis: Alarming Rise in Premature Births Linked to Air Quality in Begusarai, BiharNovember 17, 2023
Limerick Contest-2023: A Celebration of Wit and PoetryNovember 17, 2023
IIIT-Hyderabad among top 100 institutions for 5G Use Case LabNovember 17, 2023
Powerful, motivating and inspiring talks marked TEDx Hyderabad Women 2023 which was held with the theme "Two Steps ForwardNovember 17, 2023
Speaking the Diagnosis: How AI in Voice Analysis Is Revolutionizing Diabetes DetectionNovember 17, 2023
FDA Approves Zepbound: A New Medication for Weight Loss by Eli LillyNovember 17, 2023
CoverSelf Raises $8.2 Million in Seed Funding to Revolutionize Healthcare Claims with Innovative Fintech PlatformNovember 16, 2023
From Miracle to Medic: The Extraordinary Journey of India's First Paediatric Liver Transplant RecipientNovember 16, 2023
Combatting Chikungunya: Valneva's Chikungunya Vaccine Cleared by USFDA, Eyes India LaunchNovember 16, 2023
Global Corporate Summit 2023 with the theme Unlocking Opportunities in a Dynamic World heldNovember 16, 2023
2nd IHub-Data Mobility Summit heldNovember 16, 2023
Revolutionary AI-powered technology detects multiple abdominal pathologies simultaneouslyNovember 16, 2023
1 Out of 3 Stroke Patients Suffer Long-Term Health Complications, Says NeurologistNovember 16, 2023
Amrita Hospital, Kochi, Launches App for People with Swallowing DifficultiesNovember 15, 2023