Sramana Mitra: What about unicorn mania? I know India went completely crazy with unicorn mania for a while. Are you seeing a slowdown in unicorn mania? As a seed investor, how do you prevent yourselves from getting buried under later-stage liquidation preferences? What practices are you deploying to prevent such unappetizing outcomes? Anirudh Suri: Unicorn
Sramana Mitra: I have a question that I want to double-click on. One of the big differences in the Indian market that doesn’t exist in the US market is this abundant supply of cheap labor. Are you seeing business models and business ideas that creatively take advantage of that phenomenon to offer value to customers?
Sramana Mitra: It sounds like the original business model probably had a low TAM. Turning it into a financial institution opens up a much bigger TAM, right? Anirudh Suri: The initial focus in the Indian market is on affordable housing institutions and micro-financing institutions. Very quickly, they realized that just providing them credit scores was
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Anirudh Suri was recorded in December 2017. Anirudh Suri, Founding Partner at India Internet Fund, talks about the funding trends in the Indian startup market. Sramana Mitra: Help us introduce you to our audience.