Sramana Mitra: Those examples that you gave of a B2C venture out of India that is doing global business, how common is that across your portfolio? Anirudh Damani: One out of five businesses on the B2C side is either looking overseas or getting inbound interest from overseas. Sramana Mitra: Is that primarily in EdTech? Is
Sramana Mitra: You have made 27 investments. Let’s talk about some of the Artha case studies. Anirudh Damani: We could look at HobSpace. All 27 deals we have done were referred to us. We’re getting so much deal flow these days that it’s very difficult for my team to keep up even with the best
Anirudh Damani: I used to be on the road for probably 25 days a month. I’ve lived in a lot of Motel 6’s across the US. I understand the value and effort it took to standardize that experience across the board. When I was looking at the deal, I could understand what he was doing.
Sramana Mitra: Is your portfolio all India-born companies? Anirudh Damani: Out of the 27 we’ve done from the fund, 26 are domiciled in India. One is domiciled in the US but it’s primarily an Indian business selling to the world. In terms of sales, 25% of our portfolio sales happen outside the country, but most
Anirudh Damani is the Managing Partner at Artha Venture Fund. We have a terrific discussion on the Indian Startup Ecosystem and its trends. Sramana Mitra: Let’s get you acquainted with the audience. Tell us a bit about Artha and your background. Anirudh Damani: I have had a very interesting journey to becoming a venture capitalist.
Sramana Mitra: I was talking to Eric Benhamou two days ago. He was like, “I’m looking for a good application or use case for NFT.” What about exits? What have you seen through your investments? Steve Eskenazi: I think there are a couple of tried and true methodologies. I think the best company gets bought
Sramana Mitra: Here’s a trend question. You have watched the music business for a long time. What is your analysis of the music business? We see music deals from time to time. A lot of the industry believes that you can’t make money in the music business. Can you talk about that? Steve Eskenazi: I
Steve Eskenazi is an Angel Investor, and we had a number of interesting trend conversations. Sramana Mitra: Let’s start with a little bit of your background. Tell us about what path you have traveled. Steve Eskenazi: My career has three distinct phases. In the 1990s, I was Wall Street’s digital media analyst introducing Wall Street