The advancement of technology is changing the shape of the world. It is difficult for the common people to keep up the pace and can be difficult to make sense of things. The technology that is making billions of dollars for some unicorn venture owners in the country is proving to be the Achilles heel for a major part of the population. This is creating vast income inequality and unemployment problem around the world, especially in India. And to top it all, the brutality of the situation lies in the fact that the pace of technology cannot be stopped or even slowed down. Otherwise, the problem can become even worse. So is there a solution, or do we have to just accept the fate as it is being served, dark and cold?
Well, one young man seems to think differently, Aakash Yadav – an investor, entrepreneur, and tech aficionado has a plan that he thinks can bridge the gap and find a solution that will result in a win-win situation.
The idea that Aakash has is simple; he wishes to invest in small and medium-size ventures and upcoming startups to create more jobs and wealth, which can ensure that middle and lower economic classes have an opportunity to grow. For this, he is planning to use the wealth created from his existing ventures and all future incomes from upcoming projects. Aakash has been investing in international ventures for almost six years now but he is shifting his focus towards Indian startups and businesses after realizing the dire situation created due to Covid-19 outbreak.
Just in India a lot of people have lost their jobs and businesses have to shut down due to very low liquidity. But as a visionary Aakash sees the current situation as an opportunity to rebuild the economy even stronger than before.
“There is amazing talent available with excellent potential and currently people are willing to change their habits and ideologies about business and career. All we have to do is find the right ideas, invest in them and build successful businesses that generate wealth and employment” -says Aakash.
He has proved that he is dedicated to his mission by creating multiple ventures that help people and businesses around him. His IT venture by the name of StartupStudio helps entrepreneurs in building, marketing and scaling their app, website and software ideas through capital investment, business management and networking assistance. As of now StartupStudio has made successful over 35 applications through this investment model in areas of gaming, finance, fashion, and various B2B utility apps. His other non-tech ventures include ‘Ancient Entrepreneur Global’-a real estate firm building low-cost housing, and recently he has set up a Pharmaceutical manufacturing unit.
Currently his company is focussed on creating e-wallets that can facilitate banking for the masses at the lowest cost possible. The organisation has already developed customised e-wallets for Bangladesh(e-taka) and Maldives(LuiPay). In his words” “Easy access to banking is no longer a luxury but a necessity. Low cost banking services in a country make life and business easy and improves employment.”
Over the next period of 3 years Aakash plans to fund at least 50 Startups with new ideas, for which he has created a team of investors and mentors who can guide entrepreneurs and back ventures through funding. All the new applications are being accepted on the official website StartupStudio.Online where entrepreneurs can go and submit their ideas for receiving investment and guidance.