Arriving at a decision was difficult in the backdrop of a year which has been fraught with challenges for the venture capital industry as valuations and fundraising saw a major hit. Exits became scarce and the IPO market dried up.
Business-to-business (B2B) ecommerce firm OfBusiness bagged top honours at the ninth edition of Indias most prestigious awards for entrepreneurship — The Economic Times Startup Awards 2023.
OfBusiness, a B2B ecommerce firm, has been named the Startup of the Year at The Economic Times Startup Awards 2023. The company was recognized for its success in building a large-scale B2B venture focused on small and medium enterprises in India, while generating strong profits. The awards, which are in their ninth edition, celebrate entrepreneurship and recognize companies and individuals who have made significant contributions to the startup ecosystem. OfBusiness joins a prestigious list of previous winners, including Zomato, Oyo Hotels & Homes, and Swiggy.
Genpact is applying an ‘output robustness test to ensure its AI-generated output complies with fairness and legal frameworks. Wipro has adopted a ‘privacy and equity by design approach and looks out for possible bias not only in preparing datasets but at further points in the AI lifecycle.