Shanghai, Day 3
After an enthralling experience in Beijing, Phase II of 2nd Startup India Investment Seminar 2018 moved to the Business Capital of China, Shanghai. Venture Gurukool hosted the Seminar with the Indian Consulate, Shanghai and Startup India Association (SIA) as partners.
20 Indian startups, namely Tripshelf (travel), OfficePass (Rental Solution), Snapmint (shopping/marketing), Sattviko (Food), Roar Media (Media), Roadpiper (logistics), Numbermall (e-commerce), NirogStreet, (Ayurveda), Moengage (marketing), log9 Materials (new energy vehicle), Eremedium (health-education), HomeCapital (housing finance), HalaPlay (online gaming), Grabonrent (rental solutions), Golive Games (online gaming), Eshopbox (e-commerce), Confirmtkt (travel), Ambee (environment), Scholr (education), Bisbo (media) – participated in the event and presented their venture to over 100 strategic Chinese investors to make investments in their ventures. The event saw an audience representing Chinese Venture Capital (VC) funds and angel investors participating in the pitch session and seminar.
Investment firms like Legend Capital, Sinovation Ventures, Gobi Ventures and Grand View Capital showed a keen interest in the Indian Start-ups.
Mr. Anil Kumar Rai, Indian Consul General in his welcome address spoke about the India China developing ties. The Indian technology start-up domain is among the biggest in the world with over US$ 35 billion valuations. Last few years saw an emergence of several thousand start-ups in India, the rise of unicorn start-ups and growth of segment leaders in categories like robotics, analytics, ed-tech, health-tech, legal-tech, and fin-tech. The exchange between the two nations will help towards an extended growth of the sector.
Chinaccelerator Managing Director, Mr. William Bao Bean spoke about the investment opportunities in India and China, and SOSV’s investment experience in the Indian start-up ecosystem. Mr. Pan Song, founding partner, Qi Goal Capital discussed his India experience and the opportunities within the start-ups in India.
The event focussed towards exposing Chinese VCs and investors to the promising Indian startups and helping Indian startups to reach out to the huge Chinese investor’s community for receiving investment for the growth of their companies. In the 1st Startup India Investment seminar, 12 Indian startups participated out of which 4 secured funding from the Chinese VCs to the tune of US$15 million.
Shanghai, Day 4
The enlightening and intriguing visit for the Indian start-up delegation concluded with an exclusive meeting organized at the Fosun Group Headquarters in Shanghai.
The Fosun Group is a Chinese international conglomerate and investment company. Fosun engages in financial, property, steel, and healthcare businesses. Along with, investment in the strategy, private equity investment, venture capital investment, and secondary market investment. Through technology and innovation, Fosun creates customer-to-maker (C2M) ecosystems in health, happiness and wealth by providing high-quality products and services for families around the world.
At Fosun, startups met Mr. Andy Zheng from Fosun RZ Capital who gave his insights towards the growing interest of Chinese investors in Indian Start-ups, specifically on what the Chinese investors look for. Investors in China look for Indian counterpart for successful ventures in China, he stressed that investors look for high performing teams and localization in Indian ventures mirroring China. He also spoke at length about: fintech, travel tech, property tech, media, education, and healthtech sectors and talked about Fosun RZ’s portfolio companies in India.
The educative corporate visit gave a chance to the entrepreneurs to build an understanding of the Chinese workspace, promote communication and set up networking relations with corporate leaders in China. The experience altogether will indeed have an everlasting impact on the amount of knowledge, skill and experience share for the choicest entrepreneurs from India.
The entire visit accounted for a unique experience with the Chinese industry experts and market leaders. The rise of the Indian Startup Ecosystem is momentous and holds a tremendous amount of opportunities. We, at Venture Gurukool understand our responsibility as an incubator and an early stage investors to build our Startup community by nurturing new ventures and encouraging the vision of young entrepreneurs. Thus, we engage in holding such crossborder interactions between investors and entrepreneurs to bring together a vibrant startup ecosystem in India.
Beijing, Day 1
Furthering Government of India’s agenda of fostering innovation and entrepreneurship among Indian youth, Venture Gurukool organized The 2nd Startup India Investment Seminar on 12 November 2018 in Beijing in partnership with The Embassy of India in China and Startup India Association (SIA). The 1st Startup India Investment event was organized in November 2017.
42 Indian entrepreneurs representing 20 Indian startups, namely Tripshelf (travel), OfficePass (Rental Solution), Snapmint (shopping/marketing), Sattviko (Food), Roar Media (Media), Roadpiper (logistics), Numbermall (e-commerce), NirogStreet, (Ayurveda), Moengage (marketing), log9 Materials (new energy vehicle), Eremedium (health-education), HomeCapital (housing finance), HalaPlay (online gaming), Grabonrent (rental solutions), Golive Games (online gaming), Eshopbox (e-commerce), Confirmtkt (travel), Ambee (environment), Scholr (education), Bisbo (media) – participated in the event and made pitch before Chinese investors to make investments in their ventures.
The event witnessed a 400+ audience, mostly representing Chinese Venture Capital (VC) funds and angel investors participating in the day-long pitching session and seminar.
Delivering special remarks Mr. Acquino Vimal, Deputy Chief of Mission, Indian Embassy made the case for India’s young demography, rapid economic growth & fast pace urbanization as the opportunity for growth of Indian ventures and startup ecosystem, as well as provide the opportunity for offering unique, innovative, and affordable solutions for the growing aspirational people. He mentioned that Chinese investors should take part in the development process of India growth story through investing in Indian start-ups.
Mr. Prashant Lokhande, Counsellor (Economic and Commerce), Indian Embassy Beijing, welcomed the audience and thanked Venture Gurukool and Startup India Association for organizing the event.
Mr. Zheng Bin, CEO of ICBC India shared ICBC’s experience in India, gave an overview of the Indian startup ecosystem and how to invest in it. He also informed that ICBC India has established a US$200 million fund for investing in India. Mr. Kartick Maheshwari of Khaitan & Co. gave a presentation on the regulatory framework in India.
During the seminar, a report “India – China: Startups & Beyond” jointly published by Venture Gurukool and KPMG giving a detailed account of the Indian startup ecosystem, was unveiled. The report echoed the thought saying that apart from Chinese corporations, venture capital funds from China are also planning to make a mark in the Indian startup ecosystem across sectors such as finance and education technology, e-commerce and content.
“Several firms including Qiming Ventures, Morningside Ventures, CDH Investments, 01VC, and Orchid Asia Group are already looking to buy stakes in startups in India since the beginning of 2018,” the report added.
To discuss effective strategy for Chinese VCs to enter Indian startup market and share experience of VCs about the Indian startup ecosystem, a panel discussion was organised, involving Mr Ashish Wadhwani (Ivy Cap Ventures), Mr Pei- Fu Hsieh (01 VC), Mr. Pan Song (QiGoal Capital) and Mr. Mahendra Swarup (SIA) as panelists and moderated by Mr. Gurpreet Singh (ATM Ventures).
The event was planned to expose Chinese VCs and investors to promising Indian startups on one hand while on other hand helping Indian startups to reach out to the huge Chinese investor’s community for receiving investment for the growth of their companies. In the 1st Startup India Investment seminar, 12 Indian startups participated out of which 4 secured funding from the Chinese VCs to the tune of US$15 million.
Beijing, Day 2
The 2nd Startup India Investment Seminar 2018 is organized by Venture Gurukool to accelerate the Investors Entrepreneur relationships between India and China.
To promote Chinese industry experience and know-how amongst our participating start-ups, Venture Gurukool organized exclusive company visits with the major Chinese giants including Tencent– the multinational conglomerate and leading gaming publishers of the world. Followed by, Oasis Games– one of the leading game publishers in the market.
Company visit and meetings were also hosted for the Indian Entrepreneur delegation with:
The educative sessions focus on building an understanding of the Chinese workspace, promote communication between representatives from both the countries and establish networking relations with corporate leaders from major firms in China and emerging start-up entrepreneurs from India.
We hold such events and sharing activities between investors and startups to connect them and bring together in the vibrant ecosystem for startups in India.
Venture Gurukool, in India, works towards developing an India-China hub that creates, encourages and promotes knowledge and innovation between founders and investors based in India and China. We aim towards building a community which fosters the spirit of entrepreneurship and improves the success for an early-stage company.
Facilitating developments towards India-China exchange and cooperation, Venture Gurukool along with Business World, hosted an exclusive meeting with Mr. Lyu Yansong, Vice Minister & Editor in Chief, People’s daily.
The People’s daily is the largest and most influential newspaper in China with a daily circulation of over 3.2 million. It is the biggest newspaper group & official newspaper of the Chinese Communist Party.
Along with Mr. Yansong were his delegation of Senior Media Professionals, Mr.Wu Weizheng, Mr. Yuan Jirong, Mr.Su Chao, Ms. Wang Yuezhou and Ms. Wen Hongyan representing People’s Daily.
The event focussed on establishing relations with the Chinese media groups and attract investments in print media other than digital content platforms. Mr. Annurag Batra, Chairman & Chief Editor, Business World, presented the welcome address. He expressed views on India’s existent dependency on print media through the years. The large presence here is against the western trends of highly digitized news content implies that honesty and credibility of the newspaper are still very high in India.
Mr.Yansong quoted President Xi Jinping,”When India and China will speak and cooperate together, the world will listen.” The population and huge market presence are similar in both countries. As per Mr. Yansong, media houses of India and China should promote this to strengthen their ties. The newspaper culture in Indian market is different from China’s preference of mobile applications for digital news content.
The People’s Daily app has over 250 Million downloads, their micro blog attracts 100 Million followers and their presence on WeChat accounts for about 20 Million users, making it the dominant media group of China.
The platform is open for international cooperation and tie-ups for content sharing in a more customized way and for better news articles.
Mr.Mahendra Swarup, Founder, Venture Gurukool highlighted the investments made into the Indian digital sector by the Chinese investors, lately. The digital media in India is still on its growth path while print still exists as the most preferred model for a lot of Indian languages. Mr.Swarup expressed his views on investments towards the much more credible print media.
Mr.Manish Tewari, Former Minister of Information and Broadcasting & Member of Parliament, discussed China’s vibrant media market and their breath-taking perspective. China’s influence over other Asian countries to bring the onset of cutting-edge technological advances and innovation from western counterparts. Agreeing to the above statements, Mr. Alok Mehta, Padma Shri Awardee, Ex-President and Secretary General of Editors Guild of India, promoted interest towards ventures in digital media and the high scale scope of digitized content in the market.
Also, present at the event were prominent personalities of the Indian media industry such as Mr.Praveen Someshwar, CEO & Managing Director, Hindustan Times, Mr. Himanshu Gautam, Business Head, Amar Ujala, and Mr. Amit Goel, Vice Chairman, The Pioneer.
There is a lot for India to learn from China, thus, hosting such exclusive meet-ups with industry leaders results constructively for our aim to aid media tie-ups and developments between the two nations. Venture Gurukool constantly strives to promote Indo China innovation hub helping towards fostering a more holistic ecosystem.
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