StartUps

POWER TALK: INSPIRING WOMEN IN BIZ |Shubha Lal

Shubha Lal graduated from Lady Shri Ram College with a bachelor’s degree in economics and an MBA from IIM Calcutta. She worked in India and Europe as a strategy consultant for McKinsey & Company and Nomura, and she is a true globe traveller. After eleven years working in a corporate environment, she returned to India in October 2015 to pursue her dream of launching her own business. Bidisha Barik talks to Shubha Lal about how the award-winning concept of student housing turned into a profitable business.

With distinct ideas on what would make the greatest and most trustworthy hostel for young people who study away from home, she went on the entrepreneurial path with her friend Nidhi, co-founder of Your-Space, with the true intent to fulfil every need of the student. Conscious of local and cultural needs, Your-Space is India’s top student housing brand, providing an award-winning student experience. Shubha realised that the issue of housing is still the same as it was when she was in college. The two founders started their adventure in 2016 with one hostel, pouring all of their corporate savings into pursuing a goal of starting as an entrepreneur, which worked out well after questioning and conducting market research both domestically and globally.

The idea of bringing home away from home through this endeavour promotes a secure and entertaining environment for all hostel guests while also fostering deep bonds. During the pandemic, they restructured their operations and upgraded their facilities, allowing them to expand their company. They’ve grown to 6000 beds from 200 beds since then, which is a huge success. The presence of a fresh concept has to do with how lucrative a product is, and Shubha feels Your-Space has exceeded every customer’s expectations. Shubha explains, “We never sought to develop a cash-burning business.”

Shubha believes that in order to achieve success, one must go on an entrepreneurial path while possessing a strong belief in one’s product or service. Initially, Shubha and Nidhi had difficulties and were questioned about their abilities to complete the task. “I guess we had a lot of people asking if they could talk to our boss at first until they discovered we were the boss!” says Shubha.

Shubha and Nidhi are pleased with the fact that their business doubles every year, and they now have a presence in nine locations across India. They just collected roughly $10 million from investors, and they have investors who have been with them from the initial round of Angel Funding in 2017. Shubha has a specific goal in mind for her company’s future growth:

“Our immediate ambition is to achieve 24,000 beds for the coming academic session, which is a 4x increase from where we are now, and grab the majority of the market while trying to be the most loved student housing,” she says.

Quick take:

The best thing about partnerships in business?

The fact that you’ve got a partner who’s got the same vision and ethos!

Advice to budding female entrepreneurs?

Things that you believe in very strongly, you have to fight for it.

March 5, 2022

The Fresh Faces of India’s Clean Eating Revolution

Eat Right Clean eating is no longer a fad but a necessity in the times we live in, and several startups are making sure this is a choice that is easy to make. As people take charge of their health and well-being, eating clean is one of the most important priorities. BINDU GOPAL RAO features seven startups that are helping make this change, one plate at a time. Nutreat Hyderabad-based Nutreat was born in 2014 out of a personal need to provide clean, wholesome food for the founder’s son. Over time, this evolved into a deeper mission: to craft handmade, customised nutrition rooted in ancestral Indian food wisdom. “We handcraft each product using our signature four-step process sprouting, sun-drying, slow roasting, and stone grinding and tailor it to the individual’s age, health condition, and dietary needs. Nutreat promotes clean eating not just by avoiding processed ingredients, but by ensuring every spoonful is mindfully made and consciously consumed. In 2023, when our business was at its peak with franchise opportunities, foreign collaborations, and incubation offers we made a bold decision. We stepped back. We refused to bulk produce because it was creating false demand, pressuring both our team and consumers to buy more than they needed. That turning point reaffirmed our belief in nooverbuying and consciousconsumerism. Clean eating, we believe, must also be mindful free of waste, hype, or excess. While the wellness industry grows, we often see food wastage even in the name of healthy eating. Our model of customisation ensures that we make only what’s needed, drastically reducing waste while offering personalised nutrition,” says Jyothi Sri Pappu, Founder & CEO, Nutreat. Moving forward, their goal is to scale impact, not volume, by nurturing conscious consumers, supporting women artisans, and creating a food culture rooted in purpose. The Kenko Life

StartUps

House of Creativity: Sinha Brothers Redefine India’s Art Scene with a Legacy-Fuelled Vision

In a world where creativity often competes with commerce, LUV and KUSSH SINHA are merging both purpose and passion. Drawing from their rich cinematic heritage and a lifelong connection to the arts, the Sinha twins have launched The House of Creativity (HOC) a platform dedicated to showcasing and supporting contemporary Indian artists. Their goal is to democratize access to visual art, giving emerging talents a space to thrive while also expanding the reach of Indian artistry on a global stage. In conversation with SINDURI VUPPALA, the duo shares how their entrepreneurial journey is not just about art, but about creating a movement that celebrates originality, honours legacy, and nurtures the future of India’s creative community. 1. Can you take us back to when your relationship with visual art truly began? Luv: My relationship with visual art began at a very young age. I was deeply influenced by Hindi cinema the films my father acted in, those of Mr. Bachchan, and other legends. As I grew older, Japanese animation, video games, and comic books also left a huge impression on me. Each artist, every inker, has their own style those differences fascinated me. Film too, being a moving image, played a huge role. Pause it, and it becomes a photograph. That connection influenced me tremendously. 2. What led to the birth of the House of Creativity? Was there a defining moment or conversation? Luv: It started with conversations at home during the lockdown. I kept thinking about the number of immensely talented artists who just don’t have a platform. Art can be an exclusive world, but coming from the film industry, I felt we could help expand its reach. The idea of starting digital-first made sense due to restrictions, but our long-term vision is definitely to open physical galleries and make

StartUps

Why Piyush Goyal’s Note Strikes a Chord with Many

In a fast-paced economy where entrepreneurship is often glamorized and unicorn status is considered the ultimate goal, Union Minister Piyush Goyal’s recent cautionary note to start-ups has sparked conversation across boardrooms, social media feeds, and co-working spaces alike. At a time when headlines celebrate billion-dollar valuations and multi-million funding rounds, Goyal’s reminder to prioritize sustainability over vanity metrics comes as both a wake-up call and a much-needed dose of realism. What Did Piyush Goyal Say? While addressing a forum of young entrepreneurs and start-up founders, the Commerce and Industry Minister highlighted the growing trend of start-ups focusing more on valuation than value creation. He advised founders to stay grounded, reminding them that real impact lies in solving problems, building sustainable models, and creating employment — not just in raising capital or reaching the next funding milestone. Why It Resonates 1. The Valuation Bubble India has witnessed a boom in the start-up ecosystem over the last decade, becoming the third-largest start-up hub in the world. However, this rapid rise has also led to the emergence of overvalued unicorns, many of which struggle to generate profits or even break even. Goyal’s words hit home because several start-ups that once shone brightly have now either shut down or drastically downsized. 2. Funding Winter & Layoffs In the past year, a noticeable funding winter has taken a toll on many start-ups. With VC purse strings tightening, companies have been forced to lay off thousands of employees, scale back operations, and rethink their business models. Goyal’s comment serves as a timely reminder that blind growth can be dangerous without a stable foundation. 3. Founders Facing Burnout The hustle culture in start-up circles often glorifies 20-hour workdays and constant “grind” mentality. However, a growing number of founders are speaking out about mental health challenges, anxiety, and burnout. Goyal’s emphasis on sustainable growth also indirectly supports a healthier entrepreneurial mindset — one that doesn’t chase

StartUps

Water Warriors

The harsh summer of 2024 is a stark reminder that there is an urgent need to conserve the elixir of life: water. So, what is causing the water crisis, and how does one mitigate its impact? Climate change, high contamination of water, over-exploitation of groundwater, deforestation, reduced rainfall, and increased agricultural demand are some of the main reasons for water shortage. However, while the water situation seems stark, there is a silver lining on the cloud as many water-saving ventures seek to make a difference. Bindu Gopal Rao highlights several of these impactful initiatives. Water Warriors Bala Vikasa, Telangana Bala Vikasa is an NGO pioneering community-driven sustainable development activities in seven states, impacting about eight million people. A significant initiative they have is to provide access to safe drinking water at an affordable price of Rs 3-5 per 20 litres to rural communities suffering from high fluoride content in the available groundwater. Most small and marginal farmers rely heavily on natural freshwater resources for irrigation. However, groundwater depletion and low rainfall in urban and suburban areas have led to severe water scarcity, pushing farmers into a vicious cycle of debt due to reduced crop quality and yield. “In response to the struggles of farmers in rural Telangana, Bala Vikasa, founded by André Gingras (90) and Bala T. Singareddy (83), launched a pioneering farm pond construction program in 2015. This initiative, supported by CSR partners, aims to help farmers conserve rainwater, meet their irrigation needs, and replenish groundwater,” says Shoury Reddy Singareddy, Executive Director, Bala Vikasa. The program began in Ontimamidipally village, Warangal District, in 2015. In 2019, Bala Vikasa extended support to farmers in the suburbs of Hyderabad, following requests from the farmers of Upplingapur village, Medchal. This expansion underscores the program’s success and vital role in promoting sustainable agricultural