Global Enterprise Has To Be Established For Local Market

In BW 40Under40, the Investors' Panel discussion around ‘How do VCs evaluate potential investments’, some secrets were revealed by distinguished panelists.

The session was initiated by Ashish Khera, CEO, Innoven Capital India who discussed that their company help series A- C level of companies depending upon different modalities. Khera also mentioned that their company, like any other venture capitalist, do a through due diligence before investing into anyone's ideas. 

The second panel member, Dev Khare, Partner of Lightspeed India said that what he found out is that besides, usual internet penetration, a lot many Non- tech companies are coming into the space of start ups and entrepreneurship. He also categorically told the audience that many top executives are leaving their stable jobs to take risks to become new age entrepreneurs. Khare also emphasized on the fact that a good combination of team players and market targeted is what their company looks for before investing into anyone's venture. 

Pankaj Makkar, the other panelists however spoke about their organisation as to why people should choose them as their venture capitalist. His company, primarily is not dealing with tier 1 and tier 2 level of funding models. Makkar said that his company may become interested to invest when they feel someone wants to expand their business vertically as well as horizontally in different segments. 

Prashant Mehta, Partner of Lightbox India Advisors Private limited on the other hand spoke about their company's approach which is fast and efficient. He said that a lot of new businesses are emerging, therefore more and more venture capitalist have to come and support them. He also believed that a transformation has come in people's businesses after they have taken help from venture capitalist agencies. Mehta also affirmed that now even people do not come with vague ideas and that they come up with full product and hence we do not need to asses it in the way as we used to do it in past. 

The next panelists, Sanjeev Aggarwal, Co Founder of Helion Ventures said that their company now invests in innovative and creative businesses. He said that since all basic ideas are taken up, people now have become too specific to get into various issues which are full stack models already. Aggarwal also said "Global enterprise needs to be established for our local market". 

Samir Inamdar, co-founder and MD, CEO, Forum Synergies (India) PE Fund managers Pvt limited said that his company helps other newer startups and companies to grow. He said that their company not only focuses on tech businesses but also extends it to numerous peripheral ICT based Ventures. He mentioned that their company looks for 3 specific things before investing in a company that are people, market and technology.

The session was effectively moderated by Vidhya Shankar, Executive Director, Grant Thornton (India) who posed relevant questions to all panelists.