Having seen not less than two cycles of the funding increase adopted by a tech winter, the awards are a real testomony to the best way Indian entrepreneurship has matured prior to now eight years amid many crests and troughs.
To replicate the modifications, we’ve added new classes prior to now two years amid the Covid pandemic to recognise the efforts corporations made to courageous powerful occasions.
This 12 months we launched a brand new class – CEO of the Yr – to focus on the evolution of the ecosystem as professionals are main scaled corporations, not simply founders.
However what goes behind choosing the nominees and the winners of the ET Startup Awards, thought-about essentially the most prestigious within the Indian entrepreneurial neighborhood.
Here’s a timeline of the efforts that went into making the method most rigorous and detailed
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August: ET reached out to over 200 of the nation’s prime entrepreneurs, buyers, trade teams and different stakeholders to compile an inventory of the brightest entrepreneurial expertise.
September: We obtained lots of of nominations from this choose group. The editorial staff then filtered and analysed every entry by going by way of monetary and others knowledge with the assistance of our information associate Tracxn to reach at a shortlist of nominees.
ET’s editorial staff then reached out to all of the nominees to confirm info, interview founders and tally all the info independently.
October: The ET editorial staff then put collectively the ETSA jury file, which contained the names of the highest 5 nominees in every class together with detailed profiles and financials for the previous three years. The information shared by corporations is confidential and isn’t revealed. It stays with the jury.
October 28: The ETSA jury met just about for over two hours to determine the winners. The method concerned two rounds of secret balloting with associated events – buyers, investee corporations, board members – abstaining from voting. Jury members who had been nominated, associated to or colleagues of nominees recused themselves totally from discussions and shunned voting.