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Day 1 of Indian Startup Investment Roadshow – China

Month: December 2017

Day 1 of Indian Startup Investment Roadshow – China

Group Pic - Delegates of Indian Startup Investment Roadshow - China

Overwhelming Response on Day 1 of the Indian Start-up Investment Roadshow which was co hosted by the Indian Embassy, Beijing.

Venture Gurukool and Startup India Association organized Day 1 of the Indian Startup Investment Roadshow which gave exclusive access to Indian entrepreneurs with prolific Chinese Investors. This event brought together 25 Indian start-up entrepreneurs and more than 170 Chinese investors under one roof at the auditorium of the Embassy of India, Beijing.

Welcome remarks were given by Ms Ntasha (Co-Founder, Venture Gurukool).

Mr. Mahendra Swarup (Founder, Venture Gurukool and President, Start-up India Association) spoke about Chinese Investments in Indian ventures and introduced the various startups from India that participated in the event.

Mr. Benny Chen (General Manager, Ant Financial India) delivered the key-note address on “Why Invest in India”.

This was followed by a panel discussion on ‘Strategy for Investing in India- Experience Sharing by Successful Investors’. The panel included (L to R) Mr. Qi Zhiyong (President, CAMCE Investment Management), Ms. Jessica Wong (Founder and Managing Partner, Cyber Carrier), Mr Benny Chen (General Manager, Ant Financial India) and Ms Shirley Mao (Vice Director, Xiaomi Investment) [Photo: L to R] . The session was moderated by Mr Mahendra Swarup (Founder, Venture Gurukool and President, Start-up India Association).

Another panel discussion was organised on ‘Experience Sharing on scaling of Chinese Ventures’. This panel included (L to R) Ms Liu Xinyi (Founder and CEO, Nowdo), Ms Jenny Zhang (Vice President and Chief Brand Officer, Beijing V-Startup-up), Mr Andy Mok (Managing Partner, Red Pagoda Resources), Mr. Zhang Peng (Chief Strategy officer & Managing Partner Urwork),  . The session was moderated by Mr. Jelte Ansgar Wingender (Senior Manager, Global Incubation Services Department Innoway) and Mr Siddharth Shah (Partner, Khaitan and Company, India).

The event also had representatives of Invest India, KPMG India and Khaitan & Co.  who gave presentations on ‘The Economic and Investment Landscape in India’, ‘The India growth story and rise of Indian Entrepreneurs’ and ‘regulatory landscape and investment structure in India’, respectively.

Venture Gurukool portfolio company – Olly – Raises Funding From China

Post the successful roadshow organised by Venture Gurukool in the first week of November in Beijing, Venture Gurukool’s portfolio company Olly Credit, a fintech startup based out of New Delhi that offers micro credit cards, has raised an undisclosed amount of funding its latest pre-Series A round from a significant strategic Chinese investor.

Ashwin Bhambri, CEO, Olly Credit presenting at the India China Investor Roadshow

Olly had raised an undisclosed amount of funding in a previous seed round led by Incubate Fund; Mahendra Swarup, a prolific angel investor and President, Start-up India Association and former Kotak Mahindra Asset Management Company CEO Sandesh Kirkire.

Olly Credit was founded in 2015 by Ashwin Bhambri, Ringaile Noq and Anand Kumar, It is a mobile-first platform that offers micro credit card with a dynamic credit limit of $307.4 (INR 20,000). The startup caters primarily to young blue-collar professionals with a minimum monthly salary of $169 (INR 11,000).

Successful Fundraise: Part II

Post the successful roadshow organized by Venture Gurukool in Beijing, three more ventures (Coutloot, Cuddll and Orbo.ai) have raised funding from China.

Coutloot, the peer to peer e-commerce website for pre owned fashion based out of Mumbai, raised pre-Series A funding round of $1 million led by Jadevalue (Fintech incubator who were also key supporting partners for our roadshow last year).
Cuddll, the tech platform which helps people to engage and meet with like minded people for events / activities based on common interest, have raised an undisclosed amount from an HNI investors in China.
Orbo.ai, the B2B enterprise solution for Artificial Intelligence in image editing, is expanding to Tianjin District in China after they have secured funding locally post the roadshow.

Click here to read part 1 of this post.

Day 2 of Indian Startup Investment Roadshow – China

DAY 2:- 8th November, 2017 Beijing

Roadshow of Fintech and Internet Businesses

Day 2 of the Indian Startup Investment Roadshow organised by Venture Gurukool and Start-up India Association was held in the IngDan Space in the heart of Zhongguancun which is the Tech silicon valley of China where eight promising startups from Fintech and Internet Businesses presented their Business proposals. Alongside this, Venture Gurukool organised  exclusive meetings with the top management of Thundersoft for selected AI, IoT and other business ventures. Post the meetings, Thundersoft graciously hosted all the Indian entrepreneurs for Chinese Cuisine.

Day 3 of Indian Startup Investment Roadshow – China

Day 3 - India Startup Investment Roadshow

DAY 3:- 9th November, 2017 Beijing

Roadshow of AI, Social Media and Education tech

Day 3 of the Indian Startup Investment Roadshow organised by Venture Gurukool and Start-up India Association was held in the IngDan Space in the heart of Zhongguancun which is the tech Silicon Valley of China where eight promising startups from AI, Social Media and Education tech presented their business proposals. Simultaneously , Venture Gurukool organised exclusive pitch session at  Jade Value Incubator for Fintech and Internet Businesses startups which marked attendance of various marquee Chinese investors. Post the pitch session, Jade Value incubator hosted a grand Chinese lunch for the entrepreneurs from India.