19 March 2024 – Peyush Bansal, CEO of Lenskart and judge on Shark Tank India, has identified three key sectors ripe for investment and innovation in the Indian startup ecosystem: medical, sports, and HR technology.
Speaking at the Startup Mahakumbh event in Delhi, Bansal highlighted the pressing challenges within these industries and the immense opportunities they present for entrepreneurial ventures.
In the medical sector, Bansal emphasized the need for transparency in the process of patient admission, treatment, and discharge. He pointed out the existing gaps in the system and identified significant untapped potential for startups to address these challenges.
Shifting his focus to the sports industry, Bansal noted the growing interest in sports activities in India, particularly in the wake of the COVID-19 pandemic. With changing lifestyles and increased disposable income, Bansal sees a vast opportunity for startups to innovate in this space.
Furthermore, Bansal identified HR tech as a promising area for startup growth. He highlighted the evolving importance of employees within organizations and the increasing focus on employee well-being and satisfaction. According to Bansal, startups have ample room to develop solutions to address the hiring and HR-related challenges faced by both startups and large corporations.
Bansal’s insights underscore the potential for startups to drive innovation and address critical needs across diverse sectors, paving the way for sustainable growth and development in the Indian startup ecosystem.
