Network to Succeed

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Round Up for 2013 – Venture Capital in India – The Summit Push – Alok Mittal

December23

Its always great to see Alok’s perspective given that he is one of foremost and respected VCs in India. His perspectives on the trends to look out for in the year 2014 serves as an interesting touch bearer for the start-up ecosystem.

Largely his points revolved around taking global product innovations coming out of the Indian market see more such innovations at http://productnation.in/. He also spoke about mobile application startups – given the large base of mobile consumers in India, and the nature of India as a mobile-first market, innovation in mobile applications could also lead to global leaders in the space. From an ecosystem point of view the strong performance of Indian startups on the exit front. 2013 marked a watershed moment as far as exits of technology venture backed companies such as Justdial, Redbus, GlobalLogic and Prizm.

Thirdly, 2013 reversed the policy tide to assist the flow of foreign direct investment in India. From relaxation of FDI limits to rationalization of GAAR, and from IPO facilitation to allowance of preferential clauses for investors, the silent wave of reforms in the latter half of 2013 has started to undo the damage that the regulatory arrogance of 2011/2012 had initiated.

I definitely agree with Alok and I believe the other major aspect is around the angel investing ecosystem which is definitely showing signs of maturity with several new angel networks, angel funds and more importantly angel investments closing. Overall there does not seem to be a better time to be an entrepreneur since both the micro and macro environments are riding on a friendly tide :)

Read Alok’s full article here – http://www.venturewoods.org/2013/12/venture-capital-in-india-the-summit-push/

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This is a forum for entrepreneurs and professionals to connect, learn and grow with each other. The objective of this blog is to give you access to relevant resources, business opportunities and networking opportunities to enhance your entrepreneurial and professional lives.

About Author:

Digbijoy has a wide ranging experience across diverse sectors, initially started his career in education marketing with reputed educational institutes and then subsequently joined the advertising and events industry to execute several projects including a state election campaign for a national party, conceptualizing and running a restaurant chain in Delhi and several other projects.

He joined the Delhi chapter of The Indus Entrepreneurs (TiE Delhi), where he worked for over 3 years and drove various key initiatives like mentoring, deal flow, marketing, sponsorships etc and left his last position as Associate Director of the chapter in 2008 to pursue his entrepreneurial ambitions. He subsequently joined techTribe- India largest Career Networking platform where he served as director strategic relations and drove unique initiatives and partnerships for building and sustaining community engagement. Post techTribe he co founded an online supplemental education start-up – TenMarks Education INC. which was acquired by Amazon.com in October 2013.

Post TenMarks he lead Ennovent India as its country director which is an innovation accelerator. Ennovent provide services to accelerate innovations for sustainability in low-income markets in developing countries. It specializes in helping clients discover enterprises with novel solutions, develop business models to start-up enterprises, provide finance by facilitating early-stage investments and grow operations to scale profit and impact. Since 2008, Ennovent has worked with over 4,800 Network members, 15 Circle members and 10 Solution clients to accelerate over 80 innovations in 10 countries.

Currently Digbijoy Co-leads the Startup Program for Amazon Internet Services Pvt Ltd enabling the best startups leverage the power of cloud.

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