The 3rd edition of the Startup India Investment Summit in Beijing was successfully hosted by Venture Gurukool on 1st Dec 2019 at The Hotel Nuo Beijing, in collaboration with The Embassy of India and Start-up India Association.
The event was well received and witnessed overwhelming participation from the investment community in China, whereby 300+ audience, mostly representing Chinese Venture Capital (VC) funds and angel investors participated in the day-long pitching session and seminar.
Venture Gurukool showcased its portfolio and network companies largely aiming towards transforming the everyday economy/ day to day transactions of an average Indian user through the mobile app ecosystem. Rising smartphone penetration in India has given the opportunity for these ventures to digitally transform traditional offline businesses.
The Indian start-ups which were showcased in Beijing were: Leadstart (Media), Toch (Media), Gizmobaba (Ecommerce), InstaSolv (Ed-tech), Meddo (Healthtech), Onco (Healthtech), Wellthy Therapeutics, EpayLater (Fintech), Karbon (Fintech), Rentomojo (Shared Economy), Yumlane (Food), Stadhawk (Services), 9Stacks (Gaming), AdvantageClub (HR Tech/Saas).
The summit commenced with special remarks by remarks Mr. Acquino Vimal, Deputy Chief of Mission, Indian Embassy who 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.
Dr. Rajiv Kumar, Vice Chairman, NITI Aayog, inaugurated the event and presented a special address on India’s booming startup ecosystem emphasizing on the huge potential ahead for disruption amongst diverse fields. Promoting the involvement of Chinese investors in the development process of India growth story through investing in Indian start-ups.
Followed by, Mr. Johnson Wang, Managing Director, Xiaomi Fund presented the growth opportunity Xiaomi sees in India and further highlighted the Investment opportunity they foresee in Indian ventures which can be integrated into Xiaomi’s ecosystem in India. Along with, Mr. Warren Li from AWS Startup Ecosystem showcasing his presentation on Startup Viewpoint.
Mr. Hemant Sahai, Founding Partner, HSA enlightened the Chinese nationals with the regulatory framework in India for startups and shared insights about the vast opportunities available in India.
Furthermore, there was also a panel discussion on “Indian Startup Ecosystem: Sea of Opportunities” involving representatives of Chinese venture funds such as Mr. Duncan Kuo, Managing Director, Origin Capital Group, Mr. Andy Cheng, Investment Director, Fosun RZ Capital, Mr. Hanson Hu, Lead India Investment, Morningside Venture Capital, Mr. Fei Ruan, Sinnovation Ventures, Mr. Eric Zhang, Co-Founder & COO, INTO Global moderated by Mr. Mahendra Swarup, Founder, Venture Gurukool discuss ideas and share their experiences in China.
The Startup summit and investment roadshow were organized with a vision to develop an India-China hub that creates, encourages and promotes knowledge and innovation between founders and investors based in India and China. The platform is a great conduit for VG portfolio and network companies to interact, engage and take back learnings of scale from the ecosystem in China. This year the summit was held in Beijing, Shanghai, and Shenzhen in collaboration with The Embassy and The Consulate in Shanghai and Guangzhou.