Venture Gurukool’s 3rd Startup India Investment Summit was organized from 26th Nov 2019 to 1st December 2019 in collaboration with The Indian Embassy, Beijing and The Indian Consulate General in Shanghai and Guangzhou.
Apart from the startup pitches and seminar, the participating start-ups were also provided with an exclusive opportunity of Company visits to major Chinese Internet Companies in order to promote Chinese industry experience and know-how.
Indian startups visited the Huawei campus in Shenzhen. Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. A leading provider for telecommunications equipment and consumer electronics, smartphones, etc. The delegation was exposed to learn & understand the growth and adoption of the 5G technology spectrum.
In Beijing, Indian startups met and interacted with a host of companies such as:
Xiaomi- Chinese Electronics Company which makes and invests in smartphones, mobile apps, laptops, earphones, MI Television, fitness bands, and many other products. Xiaomi is the youngest company on the Fortune Global 500 List for 2019. It is also the world’s 4th most valuable technology start-up. In 2018, Xiaomi was the leading smartphone brand in India.
Bytedance- An internet technology company that enables in discover a world of creative content platforms that inform, educate, entertain and inspire people across languages, cultures, and geographies powered by leading technology. Dedicated to building global platforms of creation and interaction, ByteDance now has a portfolio of applications available in over 150 markets and 75 languages. For example, TikTok, Helo, Vigo Video, Douyin, and Huoshan.
TAL Education-largest public listed Education Company in the world. TAL empowers ed-tech companies around the globe through strategic investment.
Zhenfund- a seed-stage focused venture fund with over $1 billion under management since founded in 2011 by Bob Xu and Victor Wang, in collaboration with Sequoia Capital China. It has over 600 portfolio companies out of which 10 are unicorns based in China such as Ofo, Meicai, VIPKID, URWork, Yitu Technology, Hero Entertainment, etc.
Kunlun Capital- a value-oriented and fundamentally driven investment management firm.
Apus- Chinese Technology Company specializing in Android development and information services. The company’s main product is APUS User System (also known as APUS Launcher), along with other series products (APUS User System, APUS Booster+, APUS Browser, APUS Message Center, APUS Flashlight, etc.). It is one of the world’s top 10 developers in mobile applications.
K2VC- An early-stage focussed investment fund targeting technology start-ups in China, focuses on promoting change and technological progress, innovative business models and lifestyles.
Rong360- A Public Listed Fintech Company providing customized financing and loan services enabling users to search and compare loan products from various banks and lending agencies. Rong 360 allows users to make direct contact with bank business personnel while building an all-around direct selling platform of financing and loan products.
AdView- AdView Mobile Exchange now is not only the largest independent mobile ad exchange in China but also a leading global mobile supply-side platform. The World’s Leading Comprehensive Mobile Monetization Platform for Publishers.
360 Finance- 360 Finance is one of the largest FinTech companies in China. It serves millions of consumers with various types of saving products and loan services. By leveraging a massive 800 million user base, 360 Finance is able to quickly and exponentially grow its user base, while building a comprehensive risk management platform.
Fornet Services- A leading laundry business chain in China that has made remarkable achievements in scale and standardization with more than 1500 stores spread over 320 cities in 31 provinces and cities across China. Fornet has been committed to providing customers with a full range of cleaning services, such as door-to-door carpet and fabric sofa cleaning, curtains, creative customization and embroidery services to meet the needs of different customers.
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.
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.
Venture Gurukool strives to promote and engage in holding such cross-border interactions between investors and entrepreneurs where they can and learn & grow in order to bring together a vibrant startup ecosystem in India.
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.
After an exhilarating experience in Shenzhen, Phase II of the Startup India Investment Summit moved to Shanghai, the Financial Capital of China.
The Indian Consulate General, Shanghai hosted a gracious dinner for Indian Startup delegation along with an insightful session with Dr. Edward Tse, Chairman& CEO of Gao Feng Advisory on China’s Innovation & Entrepreneurship.
It was a great interaction for Indian entrepreneurs to learn in-depth about the growth of China’s technology industry and Internet Companies, resulting in a Q&A round for Indian entrepreneurs and networking sessions.
Subsequently, Venture Gurukool hosted the event on November 28, 2019, in collaboration with the Consulate General of India in Shanghai and the Startup India Association (SIA).
The second edition of the Summit started with welcome remarks by Ms. Ntasha, Co-founder, Venture Gurukool.
Indian Consul General, Mr. Anil Kumar Rai presented a special address on the growth opportunities in the Indian Startup ecosystem.
Mr. Mahendra Swarup, Chairman, Startup India Association and Founder, Venture Gurukool, introduced the participating Indian startups and members of the Indian VC delegation to over 130 attendants consisting mainly of Chinese investors and VC’s.
Representatives of the 14 Indian start-ups then took to the stage to present their innovative ideas and pitched to Chinese investors, demonstrating the progress, the rapidly rising Indian startup ecosystem has made over the years and the tremendous investment potential it offers to overseas investors.
The event concluded with a panel discussion on “Indian Startup Ecosystem: Sea of Opportunities” involving Mr. Manu Rikhye, Partner at GrowX Ventures, Mr. Ashish Wadhwani, Managing Partner at IvyCap Ventures, Mr. Amarjeet Singh, Partner, KPMG, Mr. Yong Zhao, Managing Partner, 01VC, Mr. Pan Song, Founder & Partner, QiGoal Capital and Mr. Oscar Ramos, Managing Director, Chinaccelerator. The discussion was moderated by Mr. Mahendra Swarup.
Post the event, an exclusive closed-door lunch was organized with Indian Consul General, Mr. Anil Rai, prominent Chinese Investors, and Indian startup entrepreneurs to further their engagements.
The summit altogether paved the way for startup enthusiasts and investors from India & China to come together to explore and gauge the opportunities present in India’s growing startup ecosystem.
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.
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