ETSA panel discussion: Focus needed on building new ventures sustainably for public markets

With a major reset in the startup and new economy ecosystem after two years of a low-interest regime-led boom in investments, panelists discussing the ‘New order for Startup Inc: Decoding the playbook for sustainable businesses’ at The Economic Times Startup Awards (ETSA) 2023 sought to put the spotlight on India’s public markets.

Prashanth Prakash, partner at Accel India, which has backed startups such as Flipkart, Freshworks and Zetwerk, said India’s public markets are one of the best things that the country has to offer to the new economy space, but the ecosystem “lost sight of what it is to practically build a company for the public market”.