Sasha Mirchandani, Managing Partner of Kae Capital, an early stage venture fund, is also a co-founder of Mumbai Angels. Sasha re-emphasized that Indian VCs only invest in India-facing B-to-C ventures and global B-to-B startups. India-facing B-to-B is not a sector that gets any investment, with few exceptions. We discussed the lack of exits in India, as well as the missing late-stage funding for B-to-C ventures facing the Indian market. Those of you who are working out of India would do well to keep these key points in mind.