India@2047: How Favcy Venture Builders is Redefining Startup Creation

In the heart of Gujarat’s entrepreneurial hub, TiECon Ahmedabad 2023 brought together founders, enablers, investors, and policymakers to discuss India’s roadmap to 2047 — the centenary year of independence. At the center of this conversation was a growing realisation: India needs more than just startups. It needs a new model to systematically build them.

This year’s theme, “India 2047: The Role of Accelerators & Venture Builders,” marked a critical shift in how the ecosystem is thinking about scale, sustainability, and startup success. Favcy Venture Builders was proud to represent this new wave of company creation at the event.

Favcy at TiECon Ahmedabad 2023: Leading the Builder-Led Future

Pranav Chaturvedi, Founding Partner at Favcy Venture Builders, joined an insightful panel alongside:

• Munish Bhatia – India Accelerator Network

• Milapsinh Jadeja – PayTamasha & iRoller Capital

• Moderated by M. Nagarajan (IAS) – Collector & DM, Mehsana

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The panel highlighted how traditional startup support systems — like accelerators and incubators — have played a pivotal role in the last decade. But now, as India aims to become a global startup hub, a more hands-on, builder-led approach is gaining momentum.

Why Venture Building is the Model India Needs

Traditional models follow a linear path: Idea → Incubation → Acceleration → Scale.

But this approach assumes a ready pipeline of investor-backable startups. In reality, many of the best ideas never get built — because the right founding teams, capital, or GTM support aren’t in place at the start.

That’s where venture builders come in.

At Favcy, we flip the model. Instead of selecting startups, we co-create them:

• We identify market gaps through research and ecosystem listening

• We build companies with founding teams, not for them

• We bring in shared infrastructure — tech, GTM, legal, hiring, and operations

• We apply validated playbooks to reduce failure and accelerate market readiness

The result? Startups that are leaner, faster, and more sustainable — with a 90%+ product-market fit readiness at launch.

Key Takeaways from TiECon: What’s Next for Startup India

1. The India@2047 vision demands new models. India is producing thousands of founders each year, but without systemic support, most ideas never get built right. Venture builders fill that foundational gap.

2. Tier 2 & Tier 3 markets are ripe — but need structured backing. The next wave of innovation will emerge beyond metros. Venture builders can help unlock this potential by providing localized playbooks and centralised expertise.

3. Founder quality is improving — but needs co-pilots. A new breed of founders is emerging: problem-first, execution-focused, and impact-driven. With the right co-building partners, they can reach market faster and stronger.

4. Capital is shifting toward business fundamentals. As the funding winter thaws, VCs are looking beyond hype — favouring builder-backed, monetization-ready startups over vanity metrics.

The Road Ahead

TiECon Ahmedabad 2023 made it clear: India is ready to evolve from an accelerator-led past to a venture builder-led future.

This isn't just about speed — it’s about systematizing innovation. It’s about designing an ecosystem where startups are born structurally sound, not patched together with optimism and capital.

With 30+ startups co-built and a growing network of 5000+ founders, Favcy Venture Builders is proud to be building the architecture of this new era — one startup at a time.