Business standard invited us to do a guest column on the state of early stage technology investing in India today. Key perspectives:
– Slow, but still there. Odds aren’t very different from before.
– Watch your target market and customers – key markets continue to be vibrant.
– Valuation meltdown is more pronounced in later stage companies than in startups.
– These are times when VCs will get tested against claims we have made in past couple of years 😉
Would love to get your perspectives on what you are seeing in the financing market?
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On a different topic:
What’s your take on some of the late stage deals (or non-traditional) like Havell’s, Getit, You Look Great (sic), etc. by venture firms? Make money somehow by using the idle cash? or lack of innovation (or coolness) in early stage companies?
I mostly agree with what is mentioned.
You mention technology investing. Was wondering if you are referring to product or service companies. Arguably, we are good at servicing, but I feel the real value is in product development. Only 1 out of 20 companies seem to be thinking of products (I may be wrong in the stats). I trust these help in growing up the value chain and we can have affordable and valuable products for the Indian market.
Your pick on VCs is something I can vouch for. I have been trying talking to a couple of them for a plan, but haven’t seen the projected enthusiasm. If it is only expansion money they are willing to provide, it seems to me that the whole idea of a VC as a ‘risk capitalist’ is under question