Bhubaneswar: Privitti, the annual business conclave of Xavier School of Commerce (XSC) was held in the Xavier University Bhubaneswar(XUB) city campus, here on Friday. The theme for the conclave was, “Start-Ups: Financial Issues and Other Challenges”.

The XSC dean P.K. Mohanty, who inaugurated the conclave and also moderated the sessions, said that Start-up India has immense potential and benefits. There is inherent risk as in every business in Start-ups too, he added.

The panel consisted of Ananda Mishra (Founder, CEO, Grozip), Krishnan Viswanathan (Chief Executive Officer, Kris Konsulting), Prasanna Lohar (Head, Innovation – Technical and Digital Architecture, DCB Bank Ltd.), Abhinav Ramesh (Director, Chainflux and Founder, WandX) and Gaurav Golechha (Capital Advisor).

Mishra emphasized that people build a world-class company; not technology. He stated that 60% of the planet will be online by 2020 and emerging markets will primarily drive growth. Vishwanathan deliberated on risk management and governance of start-ups and stated that there should be a core value that start-ups should add to the customers. Lohar spoke about the role of academia and Fintech in financial inclusion innovation and the Sustainable Development Goals to be achieved by 2030. Ramesh sensitized the need for block chain in resolving the issue of double-spend since it incorporates a shared ledger. He further stated that block chain cannot be implemented in isolation and needs a consortium. Golechha differentiated the Merger & Acquisition(M & A) between traditional and start-up . He remarked, “I don’t need friends coming together to build a start-up, I need skills coming together”.
Associate professor XSC Ashok Kumar Mishra also spoke in the conclave.