The Ministry of Civil Aviation will place a proposal for "further" privatisation of airports before <keyword id="3466084" type="COMPANY" weightage="20" keywordseo="the-union-cabinet">the Union Cabinet</keyword> on Wednesday, Minister <keyword id="151350" type="PERSON" weightage="20" keywordseo="Hardeep-Singh-Puri">Hardeep Singh Puri</keyword> said on Tuesday. In the first round of privatisation under the Narendra Modi dispensation, the airports in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram and Guwahati were cleared for operation, management and development through public-private partnership (PPP) model in February 2019. Subsequently, <keyword id="87820" type="COMPANY" weightage="20" keywordseo="The-Airports-Authority-of-India">the Airports Authority of India</keyword> (AAI) had in September 2019 recommended <keyword id="9063062" type="COMPANY" weightage="20" keywordseo="the-civil-aviation-ministry">the Civil Aviation Ministry</keyword> to privatise airports in Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy. Puri said during a webinar on Tuesday: "We are going to the Cabinet tomorrow for further airport privatisation. We have got many more airports lined up, dozens of them, and the 100 new airports we will build between now and 2030." The AAI, which works under the Ministry of Civil Aviation, owns and manages more than 100 airports across the country. In 2018, the government decided to privatise the airports in Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati. Adani Enterprises had won the rights to run these six airports after a competitive bidding process in February 2019. Adani Enterprises signed the concessionaire agreement with the AAI for three airports -- Ahmedabad, Mangaluru and Lucknow -- on February 14, 2020. The aviation sector has been hit hard due to the COVID-19 pandemic. After a gap of two months due to the coronavirus-triggered lockdown, India resumed <keyword id="3162013" type="PERSON" weightage="20" keywordseo="Domestic-passenger-flights">domestic passenger flights</keyword> on May 25, albeit in a curtailed manner. International passenger flights continue to remain suspended in the country. SEE ALSO: <a href="https://www.businessinsider.in/careers/news/how-much-deloitte-kpmg-ey-and-pwc-accountants-and-consultants-make-from-entry-level-to-executive-roles/articleshow/77533447.cms" data-type="tilCustomLink">How much Deloitte, KPMG, EY, and PwC accountants and consultants make, from entry level to executive roles</a> <a href="https://www.businessinsider.in/india/news/dream11-wins-ipl-2020-sponsorship-indias-first-gaming-unicorn-bags-the-rights-for-250-crore/articleshow/77609909.cms" data-type="tilCustomLink">Dream11 wins IPL 2020 sponsorship – India’s first gaming unicorn bags the rights for ₹222 crore</a>

Aviation Ministry to seek Cabinet nod on 'further airport privatisation', says civil aviation minister Hardeep Singh Puri

<ul><li>The financial services sector will ramp up hiring in the first half of this fiscal — adding 47,800 job roles. </li><li>Of this, 10,800 jobs will be located in Delhi and Mumbai. </li><li>The top roles for the hiring will be engineering, marketing, office services and blue collar jobs.</li></ul>The financial services sector is likely to ramp up hiring across the country, bringing in good tidings to scores of job seekers. According to a recent survey by TeamLease Services, the financial services sector will add nearly <a href="https://economictimes.indiatimes.com/jobs/financial-services-to-add-47800-new-jobs-in-apr-sept-fy20/articleshow/69759515.cms?from=mdr">47,800 new </a>jobs in the first half of 2019-20. The ‘Employee Outlook for April to September’ noted that opportunities will be open across functionalities like engineering (accounting for over 5% of total jobs), marketing, office services and blue collar jobs. However, sales and IT segments will not see a positive hiring curve. Nearly 10,800 of these job opportunities will be located in <a href="https://www.asianage.com/business/in-other-news/130619/financial-services-to-add-47800-new-jobs-in-april-sept-fy20.html">Delhi and Mumbai</a>, the survey said. The increase in hiring may be due to growing digitization in banks, thereby creating new roles. Financial services companies and banks will hire freshers and also fill up mid-level roles. While mid-level recruitment is expected to grow by 4%, the industry will also witness a 3% increase in entry-level employees. The number of jobs at mid-sized companies will grow at 5%, while large enterprises will remain steady at 2%. The survey was conducted across 19 verticals and 960 enterprises and businesses. Hiring in the services sector is expected to be higher as compared to others like FMCG, IT and real estate. Hiring in the Southern region might be higher than the country average, as 14% of companies in the region are expected to hire, according to Manpower Group. On the flipside however, <a href="https://www.cityam.com/financial-services-jobs-at-risk-amid-rise-of-the-robots/">one in five finance jobs</a> are expected to be replaced by robots globally, owing to rapid automation, as per consulting firm KPMG. See also: <a href="https://www.businessinsider.in/nearly-400-government-jobs-likely-for-domain-experts-from-the-private-sector/articleshow/69752074.cms">Nearly 400 government jobs likely for domain experts from the private sector</a> <a href="https://www.businessinsider.in/india-ramps-up-armed-forces-veteran-hiring-across-administrative-and-financial-job-roles/articleshow/69722951.cms">India ramps up armed forces veteran hiring across administrative and financial job roles</a> <a href="https://www.businessinsider.in/as-unemployment-swells-in-india-educated-millennials-favour-government-jobs/articleshow/69267943.cms">As unemployment swells in India, educated millennials favour government jobs</a>

Financial services sector to add 47,800 new jobs — Delhi, Mumbai top locations

Hello everyone! Welcome to this weekly roundup of Business Insider stories from executive editor Matt Turner. Please subscribe to Business Insider <a href="https://www.businessinsider.com/subscription/prime?utm_source=Google&amp;utm_medium=CPC&amp;utm_campaign=SEM_Branded&amp;utm_term=PaidGoogleQ1&amp;utm_content=BusinessInsiderPrime&amp;source=google&amp;campaign=6522414196&amp;adgroup=78604872375&amp;keyword=businessinsider%20com&amp;tpcc={b.brand}&amp;gclid=EAIaIQobChMIl6eYoZvr6gIVB7LICh3qwAhFEAAYASAAEgLt6PD_BwEYoZvr6gIVB7LICh3qwAhFEAAYASAAEgLt6PD_BwE">here</a> to get this newsletter in your inbox every Sunday. Hello!<keyword id="1058282" type="PERSON" weightage="60" keywordseo="Palantir">Palantir</keyword> Technologies is one of the oldest unicorn startups in Silicon Valley. It's now preparing to step out of the shadows and enter the public markets, as Becky Peterson reported this week.She writes:It's known around the world as a magical enabler of government surveillance thanks to its close relationships with contentious agencies like US Immigration and Customs Enforcement, various police forces, and the military. Its founder Peter Thiel's close relationship with President Trump has only intensified fears around its technology. But this reputation doesn't tell the full story. Behind the scenes, much of Palantir's work is par for the course in enterprise software, and the company has struggled to build a business model that matches its outsized reputation.You can read her story in full here:<a href="https://www.businessinsider.com/inside-the-secretive-world-of-palantir-technologies-2020-8">Secretive Palantir Technologies is preparing to go public. But behind the cloak-and-dagger image, insiders and investors say, it's struggled to build a steady revenue model.</a>Related:<ul><li><a href="https://www.businessinsider.com/heres-what-a-palantir-technologies-direct-listing-could-look-like-2020-8">Palantir Technologies could be the next company to go public in a direct listing. Spotify and Slack give clues to what that could look like.</a></li><li><a href="https://www.businessinsider.com/the-people-that-could-benefit-most-from-palantirs-ipo-2020-7">These 11 people should grow from rich to richer if Palantir has a successful IPO</a></li></ul><h2>Hot biotech startups</h2><div type="image" title="25 biotech startups VCs 2x1" height="600" width="1200" msid="77576588" hostid="261"></div>It's a critical time to be in the biotech business, as companies race to find new ways to treat and prevent the novel coronavirus. With all eyes on the industry, <a href="https://slack-redir.net/link?url=https%3A%2F%2Fwww.businessinsider.com%2Fbiotech-startups-poised-to-take-off-according-to-top-vcs-2020-7" target="_blank" rel="noopener noreferrer">Andrew Dunn and Lydia Ramsey Pflanzer asked 12 top biotech venture capital investors which startups they think are poised to take off in the next year.</a> They asked the investors to name startups from their firms' portfolios, and ones they haven't invested in. For some, that meant looking outside of drug development entirely to diagnostic companies testing for conditions including COVID-19, like Sherlock Biosciences. Others opted to pick companies finding new ways to tackle untreatable conditions, like Dewpoint Therapeutics. You can read the list in full here:<a href="https://www.businessinsider.com/biotech-startups-poised-to-take-off-according-to-top-vcs-2020-7">Meet the 21 biotech startups that top VCs say are poised to take off in the next 12 months</a>Related:<ul><li><a href="https://www.businessinsider.com/healthcare-startups-acquisition-targets-investors-analysts-livongo-teladoc-2020-8">10 healthcare startups that could be M&amp;A targets after Teladoc's record-breaking $18.5 billion deal for Livongo</a></li><li><a href="https://slack-redir.net/link?url=http%3A%2F%2Fnewsletter.businessinsider.com%2Fjoin%2F4np%2Fdispensed-daily" target="_blank" rel="noopener noreferrer">Subscribe to Dispensed, our daily healthcare newsletter, for more dispatches from the team.</a></li></ul><h2>A rare look at pay and wrangling over clients at a Big 4 firm</h2><div type="image" title="PwC office" height="4343" width="6514" msid="77576593" hostid="261"></div>PwC has been hit with a $15 million lawsuit that provides a rare look behind the curtain on partner compensation and disputes over credit, writes Jack Newsham. He writes:John Cahill, a former tax partner based out of the Big Four firm's Minneapolis office, said he was recruited from a senior role at an asset management firm and soon brought in a client worth $10 million in annual business to PwC, smashing the performance goals that had been set for him. But Cahill claims he was forced to share credit for the job with other partners and ultimately was pushed off the engagement. He claims in his lawsuit that he'd originally been told that he was the most successful "catalyst partner" PwC had ever hired, but was ultimately forced to leave the firm this summer. PwC has denied the claims and has asked a New York court to make Cahill arbitrate them privately.You can read the story in full here:<a href="https://www.businessinsider.com/former-pwc-partner-lawsuit-reveals-details-comp-clients-2020-8">A former PwC partner just sued the firm for $15 million in compensation, offering a rare look at pay and wrangling over clients at a Big 4 firm</a>Related:<ul><li><a href="https://www.businessinsider.com/salary-of-consultants-accountants-big-4-deloitte-kpmg-ey-pwc-2020-7">'Big 4' salaries, revealed: How much Deloitte, KPMG, EY, and PwC accountants and consultants make, from entry level to executive roles</a></li></ul>Before I go, a couple of quick programming notes. First, we've launched a <a href="https://slack-redir.net/link?url=http%3A%2F%2Fnewsletter.businessinsider.com%2Fjoin%2F4np%2Fgender-at-work%26hash%3Da0ddc3deacecce666f50b7f5e87aa230">Gender at Work newsletter.</a> Here's Shana Lebowitz Gaynor, one of the writers behind the <a href="https://slack-redir.net/link?url=http%3A%2F%2Fnewsletter.businessinsider.com%2Fjoin%2F4np%2Fgender-at-work%26hash%3Da0ddc3deacecce666f50b7f5e87aa230" target="_blank" rel="noopener noreferrer">newsletter:</a>Twice a month, we take an expansive look at how your gender identity informs your career. Recent editions have covered the future of working parenthood and the path to pay equity. (Spoiler alert: This week we'll talk about Kamala Harris' spot on the Democratic ticket.) <a href="https://slack-redir.net/link?url=http%3A%2F%2Fnewsletter.businessinsider.com%2Fjoin%2F4np%2Fgender-at-work%26hash%3Da0ddc3deacecce666f50b7f5e87aa230">You can sign up to get the newsletter delivered to your inbox right here. </a>Second, I want to highlight the work of our parenting editor <a href="https://www.businessinsider.com/author/eleanor-goldberg">Eleanor Goldberg</a>. Like many of you, I'm a working parent currently struggling to juggle the two. I've found Eleanor's stories enormously helpful, so I hope you do too.<ul><li><a href="https://www.businessinsider.com/start-a-pandemic-pod-while-spending-100-or-less-2020-7">How to start an education 'pandemic pod' for less than $100</a></li><li><a href="https://www.businessinsider.com/parents-fighting-for-spots-at-outdoor-schools-for-their-children-2020-8">Parents are clamoring to send their kids to outdoor schools that could be safer than indoor classrooms</a></li><li><a href="https://www.businessinsider.com/how-the-ymca-childcare-centers-prevented-coronavirus-outbreaks">The YMCA provided childcare to 40,000 kids during lockdown and said it didn't see any coronavirus outbreaks. Here are 11 precautions it took that worked.</a></li></ul>As always, please get in touch with any feedback, on the Gender at Work newsletter, our parenting coverage, or anything else. I'd love to hear from you. Just reach out at <a href="mailto:mturner@businessinsider.com">mturner@businessinsider.com</a>Below are headlines on some of the stories you might have missed from the past week.— Matt<a href="https://www.businessinsider.com/stock-picks-to-buy-cheap-small-mid-cap-companies-jpmorgan-2020-8">JPMorgan says buy these 19 'diamond in the rough' stocks that have plunged from yearly highs, but are spring-loaded for huge gains ahead</a><a href="https://www.businessinsider.com/kamala-harris-biden-network-staff-allies-trump-advisers-vp-2020-8">The 13 power players in VP pick Kamala Harris' inner circle. If Joe Biden ousts Trump in November, her longtime allies could land White House jobs or other key roles.</a><a href="https://www.businessinsider.com/merrill-lynch-pauses-adviser-trainee-prospective-client-outreach-after-violations-2020-8">A leaked memo shows Bank of America's Merrill Lynch is dealing with 'many' violations by financial adviser trainees working from home, so it's paused their reach-outs to new clients</a><a href="https://www.businessinsider.com/sales-marketing-salaries-ibm-oracle-cisco-vmware-dell-tech-2020-8">Tech sales and marketing salaries revealed: How much enterprise giants IBM, Oracle, Dell, Cisco, and VMware pay sales reps, managers, and consultants</a><a href="https://www.businessinsider.com/top-power-players-using-tiktok-to-transform-the-music-industry-2020-8">The 24 power players using TikTok to transform the music industry, from marketers and record execs to artists</a><a href="https://www.businessinsider.com/point72-contacts-other-investing-apps-after-robinhood-data-taken-down-2020-8">Steve Cohen's Point72 and other hedge funds are sending urgent requests to find a replacement after Robinhood data on hot stock trades suddenly went dark</a><a href="https://www.businessinsider.com/exclusive-cannabis-startup-fyllo-pitch-deck-26-million-series-a-2020-8">The cannabis-tech startup Fyllo used this pitch deck to land $26 million. Here's an inside look at how it's using AI to shape the future of cannabis retail.</a><a href="https://www.businessinsider.com/equifax-credit-scores-migration-public-cloud-security-google-cost-savings-2020-8">Equifax's CTO walked us through a Google Cloud migration that's addressing security concerns, cutting $240 million in costs, and helping speed up product launches</a>

Behind Palantir's cloak-and-dagger image, insiders and investors say it's struggled to build a steady revenue model

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"></div></div></div>A $1.4 billion hedge fund expects a new wave of tech M&amp;A, particularly in software, as new kinds of buyers come to the fore."The types of companies looking to acquire software businesses have expanded well beyond ... traditional acquirers" like private equity firms and <a href="http://markets.businessinsider.com/stock/ORCL-Quote">Oracle</a> and <a href="http://markets.businessinsider.com/stock/IBM-Quote">IBM</a>, Praesidium Investment Management wrote in a letter to clients last week. Enterprise software makes up 40% of the fund's portfolio, according to the letter."We believe that we are now in the early part of a major M&amp;A wave that will be more intense than any period in the past," Praesidium's Kevin Oram and Peter Uddo wrote in the note. A copy was reviewed by Business Insider.The deals can be a boon for the buying companies. According to New York-based Praesidium, that's because "the acquirer in most software transactions can normally cut 40-60% of the operating costs of the companies they acquire in a relatively short period of time."Here's more from Praesidium's letter on the shift taking place:"Technology companies like, <a href="http://markets.businessinsider.com/stock/CSCO-Quote">Cisco</a>, <a href="http://markets.businessinsider.com/stock/GOOGL-Quote">Google</a>, and even <a href="http://markets.businessinsider.com/stock/MSFT-Quote">Microsoft</a>, who didn't buy many enterprise software companies in the past, are also now aggressively bidding for software assets. Further, major industrial companies, like <a href="http://markets.businessinsider.com/stock/GE-Quote">GE</a>, <a href="http://markets.businessinsider.com/stock/Siemens-Quote">Siemens</a>, and <a href="http://markets.businessinsider.com/stock/HON-Quote">Honeywell</a> see a significant opportunity to sell software that their customers are increasingly using to control, monitor, analyze, and service the industrial equipment these companies provide. These industrial firms recognize the value they can create in their own businesses by developing high-margin, recurring software-driven cash flow streams from their huge installed bases of equipment. As a result, they are all allocating tremendous amounts of capital towards software acquisitions and internal investments."The fund returned 17.6% net of fees last year compared to a 11.9% gain in the S&amp;P 500, including dividends, according to the letter. This year, the fund was up 3.8% net of fees through Febrary and currently manages about $1.4 billion firmwide, a person familiar with the matter said.Praesidium isn't the only fund opining on the future of tech M&amp;A. Samantha Greenberg's Margate Capital <a href="http://www.businessinsider.com/samantha-greenbergs-margate-hedge-fund-letter-on-technology-deals-2017-1">told clients earlier this year</a> that it expected "hundreds of billions of dollars" in deals.Bankers at Goldman Sachs also <a href="http://www.businessinsider.com/goldman-sachs-tech-deals-team-on-2017-2017-3">previously told Business Insider</a> that they're having a record year for tech dealmaking. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/lynne-doughtie-retraining-people-key-technology-advance-kpmg-us-ceo-2017-3">A KPMG boss of 30,000 people says there is a key way to make sure AI doesn't replace your job</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="95Zmw0YTE6pV7Sxm8tO6fiNJLuQSKSlL" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

$1.4 BILLION HEDGE FUND: 'We are now in the early part of a major M&A wave that will be more intense than any period'

<div class="KonaFilter image-container display-table float_right"><div><div class="image on-image"><a href="http://uk.businessinsider.com/huddle-layoffs-hit-london-2015-12" target="_blank"></a>Facebook/Mark ZuckerbergMark Zuckerberg's dog dressed up in Star Wars attire.</div></div></div>1. <a href="http://uk.businessinsider.com/huddle-layoffs-hit-london-2015-12" target="_blank">Huddle has let go of a number of employees,</a><a href="http://uk.businessinsider.com/huddle-layoffs-hit-london-2015-12" target="_blank"> according to a Business Insider source familiar with the matter</a>. The London startup has raised $89 million (£60 million) for its enterprise collaboration software and has been tipped to IPO.2. <a href="http://uk.businessinsider.com/apple-ceo-tim-cook-on-taxes-60-minutes-interview-2015-12" target="_blank">Apple CEO Tim Cook is not happy about people calling him a "tax avoider," and thinks the current US tax code on foreign income is broken</a>. Cook made the remarks during <a href="http://www.cbsnews.com/news/apple-60-minutes-ceo-tim-cook/">an interview with "60 Minutes"</a> on CBS News.3. <a href="http://www.bbc.co.uk/news/35148179" target="_blank">Google executive Michelle Guthrie has been hired by the Australian Broadcasting Corporation (ABC) to replace Mark Scott as its managing director</a>. It is the first time the broadcaster has hired a woman for the position.4. <a href="http://uk.businessinsider.com/alex-depledge-lays-into-david-cameron-on-immigration-2015-12" target="_blank">Alex Depledge, cofounder of on-demand cleaning startup Hassle.com, says the Conservatives know their proposed immigration policies are "b-------"</a>. Depledge is also chair of the Coalition for a Digital Economy [Coadec] organisation, board member of the Sharing Economy <keyword id="6354868" type="COUNTRY" weightage="60" keywordseo="UK">UK</keyword> trade body, and board member of Tech North.5. <a href="http://www.ft.com/intl/cms/s/0/b8de5582-a4b4-11e5-a91e-162b86790c58.html#axzz3uw3xw09q" target="_blank">Britain has created 45,000 technology companies over the past five years, according to research by KPMG and Markit.</a> The sector has grown 10 times quicker than manufacturing, retail, or construction and the number of tech companies has increased by a third since 2010.6. <a href="http://uk.businessinsider.com/spacex-launch-delayed-2015-12" target="_blank">Elon Musk's SpaceX rocket launch has been delayed until Monday evening to increase the chances of a better landing</a>. Monday's Falncon 9 launch will be the first time that SpaceX has attempted a rocket touchdown on land.7. <a href="http://uk.businessinsider.com/apple-has-800-engineers-obsessing-over-this-one-part-of-your-iphone-2015-12" target="_blank">Apple CEO Tim Cook said he remains a strong supporter of encryption, even as governments continue to question the method of securely gathering data in wake of terrorist attacks</a>. Right now, if a government agency gives Apple a proper warrant, it will hand over what it has. But if the information is encrypted, like private messages, Apple simply may not have the information to give them.8. <a href="http://uk.businessinsider.com/facebooks-mark-zuckerberg-dressed-daughter-max-and-dog-beast-as-star-wars-characters-2015-12" target="_blank">Zuckerberg posted pictures of his daughter and dog dressed as "Star Wars" characters in the same week</a>. He dressed up his daughter Maxima as a jedi, with just a one line caption - <a href="https://www.facebook.com/photo.php?fbid=10102531560873511&amp;set=a.529237706231.2034669.4&amp;type=3&amp;theater">"The force is strong with this one"</a>. He then posted a picture of his Puli, a type of Hungarian sheepdog, Beast dressed as a Sith. The picture was accompanied by just one line too - <a href="https://www.facebook.com/photo.php?fbid=10102533316889441&amp;set=a.529237706231.2034669.4&amp;type=3&amp;theater">" Meanwhile, Beast</a><a href="https://www.facebook.com/photo.php?fbid=10102533316889441&amp;set=a.529237706231.2034669.4&amp;type=3&amp;theater"> turned to the dark side"</a>. 9. <a href="http://thenextweb.com/us/2015/12/21/us-court-grounds-ridesharing-services-for-private-flights/" target="_blank">A US court has declined to review a Federal Aviation Administration (FAA) ruling that bars private pilots from splitting the cost of flights with passengers</a>. As a result, ridesharing services for private flights won't be taking off just yet.10. <a href="http://uk.businessinsider.com/apple-has-800-engineers-obsessing-over-this-one-part-of-your-iphone-2015-12" target="_blank">Apple has 800 engineers obsessing over the iPhone camera</a>. It may seem like a lot for one piece of a phone, but the camera is actually made of 200 pieces, says Graham Townsend, the director who oversees it all. <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/saudi-arabias-makes-worlds-tallest-building-jeddah-tower-2015-12">Saudi Arabia is building the world's tallest building - nearly twice the height of One World Trade Center</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="hpMzk5eTqH8pMBYUZmkTsINysHQBeDL0" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

10 things in tech you need to know today

The spotlight has been on <keyword id="1105689" type="UNKNOWN" weightage="20" keywordseo="Women-entrepreneurs-in-India">women entrepreneurs in India</keyword> recently. Women-led new age startups have been the toast of the town, such as LimeRoad by Suchi Mukherjee, Sheroes by Sairee Chahal, Zivame by Richa Kar, YourStory by Shraddha Sharma, Wedmegood by Mehak Shahani and mydala by Anisha Singh to name a few. Studies have pronounced a 50 per cent growth in women entrepreneurs in just one year, and accolades have been pouring in on women entrepreneurs for their new found successes in the world of business. 
 
Before we get carried away with this polite applause, think again! The phenomenon of women entrepreneurship in India is not new. Look around. You might not see too many in the stratosphere of Kiran Mazumdar Shaw but you will see no dearth of women entrepreneurs in lifestyle businesses like beauty, fashion, gems &amp; jewels, education, food, logistics, social enterprises. They have just been outside the radar of the new-age definition of startup entrepreneurs. 
 
So what’s new? The fact that women in India are ready to play a new game in business: The game of big, scalable startups funded by private investors. 
 
Let me be clear at the outset. I do not differentiate between the different kind of women entrepreneurs. I believe any woman in business faces the same challenges and is driven by the same entrepreneurial spirit. The difference lies in the sport they choose among the vast selection in business – and that decides the rules of the game. Here’s my Hi-5 to women preparing to grow and build in this new arena. 
 
Pick the sport &amp; master the rules 
While local lifestyle businesses can be played as an individual sport – the neighbourhood boutique, the local beauty parlour, the customized jewelry designer – the startup business built on funding from venture capitalists is totally different. This is a competitive team sport. Played on a large playing field. And women in India are ready to break through the old boys’ network to make their mark here. They just need to be clear about the sport they are picking and be the best in it. Understand that this is a game of scale. This is a game where the VC enters only to exit – at a profit. These cannot be played like a lifestyle or family-based business. 
 
According to The emergence of the Millipreneurs a recent <a href="http://www.bnpparibas.com/en/news/bnp-paribas-global-entrepreneurs-report-2016">report</a> by BNP Paribas, worldwide women entrepreneurs are a little more successful today as they are more ambitious than their male counterparts. In India’s bounding startup ecosystem, women entrepreneurs could learn from this and pursue larger than life goals without fear. And to do so successfully, women must reinvent themselves and break out of the typecast accorded to them. 
 
Get off the emotional roller-coaster 
Simply put, a VC-funded business is a game played from the head, not heart. Yes, of course passion is important. But if I was to put a weightage to it, I would say building a successful business in 30% Passion and 70% hardcore numbers. 
 
I have accompanied several women startup founders to their meetings with investors and VCs. Having witnessed the discussion as a silent observer, I truly believe we undersell ourselves, and do not do justice to our potential. My tip to them: Get over the shyness! Don’t trip over your emotional story. Be a consummate professional. It takes just a few simple steps, to achieve a metamorphosis from a timid chrysalis to a self-assured butterfly who can hold her own in the colossal arena of big business. 
 
Project your confidence 
Even the most hardened male entrepreneur admits to nervousness while pitching to investors. It’s only normal. The trick is to project an image of confidence. And this can be done by doing your homework. Just as you practice pitches to win new business, you need to perfect the pitch to investors and VCs. 
 
In a KPMG <a href="http://www.kpmg-institutes.com/institutes/global-enterprise-institute/articles/2015/10/women-entrepreneurs-passion-purpose-and-perseverance.html">report</a> Women Entrepreneurs: Passion, Purpose, Perseverence, a whopping 83 percent of women entrepreneurs ranked self-confidence as a must have trait for successful leadership. Confidence goes hand in hand with risk taking, enabling the bold decisions, deemed necessary in today’s disruptive environment. 
 
Speak the language 
Big business has a certain innate and unchanging dialect. You need to master this language. 
 
No matter what your weakness, be it finance or technology or anything else, get over with it. Get comfortable with “valuation” and “share of wallet”. Lead and participate in a smooth dialogue on cash flows, income projections, budgeting, cost efficiencies, risk analysis, financial modeling and even digital transformation. Take a colleague/advisor along if necessary to these meetings. 
 
A Deloitte <a href="http://www2.deloitte.com/global/en/pages/about-deloitte/articles/women-entrepreneurs-report.html">report</a> recently pointed out that despite being more responsible borrowers, women face higher barriers in accessing capital. This disparity is the result of a complex interaction of factors, including the way private equity works, the way financial institutions operate, and the behavior of women themselves. 
 
Yes, the financial system needs to change its bias, but women themselves need to blaze through this bias by mastering the game themselves. So, test yourself, over and over again, take feedback, make the necessary changes. And at that all important meeting, lead the discussion and break the typecast! 
 
Learn to network 
Last but definitely not the least, you need to remember that to be successful at scale, you need to go beyond your own resources. Networking can get you access to knowledge, opportunities, capital, mentorship, even other startups that you can partner with in the ecosystem. Ever wonder why all the IIT and IIM graduates seem to do so well? Is it just the magic of their curriculum or their brains? Not to undermine either, the third big factor is their ready access to a core group – a strong alumni network. 
 
In India, women have traditionally been the window to the extended family or the neighbourhood community. Yet, in business, I have often met women entrepreneurs who confess that they find it difficult to network and think it is a waste of time. My advice to them is, weave that web of influence. Networking does not necessarily imply extending work-hours and neglecting your family. Be smart about it. Leverage your lunch-hour. Take small steps. But do not limit yourself by trying to go it alone. The power of a network can add exponentially to your strength. It is a necessary component of scaling up. 
 
There is heartening support for women entrepreneurs coming in from various directions today. The TiE Special Interest Group for Women Entrepreneurs, TiE Stree Shakti, <a href="http://www.nasscom.in/readying-women-entrepreneurship?fg=880017">Girls in Tech</a> programme by Nasscom, the funding of women ventures promised under <a href="http://pib.nic.in/newsite/PrintRelease.aspx?relid=134220">Standup India</a>, the special focus on women entrepreneurs at an event like <a href="http://www.lhrunwaytosuccess.in/startupexpo/">The Startup Expo</a>. And the launch of a <a href="http://www.business-standard.com/article/companies/now-a-venture-fund-for-women-entrepreneurs-115091400024_1.html">VC fund</a> focused exclusively on women entrepreneurs. While this is all adding to the momentum, there are miles to go. 
 
The battle of the woman entrepreneur in the Indian startup ecosystem is still herculean as she breaks long held perceptions, cultural biases and typecasts. But it is important that she continues to push past these to chase her dreams. I believe the success factor lies in an important shift in mindset of women themselves: We need to own our destiny. At the end of the day, only we are going to write our future. 
 
(The article is authored by Gita Dang, Founder &amp; Director, Talent Advisory &amp; TiE Delhi-NCR Board Member) 
 
(Image: Thinkstock)

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