Sramana Mitra: We are in 2018. A lot of stuff has already been built. Relative to the amount of capital that is available in the market, there are 700 plus micro-VCs in the market right now. There is a huge number of entrepreneurs who are starting companies. We can’t expect that every single venture out
Sramana Mitra: When you look at the Indian geography, what is the distribution of deal flow that you’re seeing? Is there a bias towards Bangalore? I know Chennai and Pune have done well. Ben Mathias: It’s pretty scattered. Bangalore, for sure, is the leader in terms of the number of companies. We do see a
Sramana Mitra: In terms of deep technology companies, could you share one or two examples from your portfolio or from your radar that are interesting global potential. Ben Mathias: I’ll talk a little bit about one of the companies I mentioned a few minutes ago, ActiveAI. This is a technology company that is building solutions
Sramana Mitra: Do you invest in B2B ventures that would be Indian B2B-facing? Ben Mathias: We do. Most of our companies started with their initial customer base in India. At the end of the day, the Indian B2B market is limited. You could probably get to a $20 million ARR company if you focused on
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Ben Mathias of Vertex Ventures was recorded in March 2018. Ben Mathias, Managing Partner at Vertex Ventures, India, discusses the trends and dynamics of the Indian startup ecosystem, including exits. India needs