Sramana Mitra: Our observation is that all deep tech out of India is going to be global companies, even the non-enterprise facing. What we are seeing though is people can validate with customers in India. They can get a dozen customers, get the product validated, get some revenue before coming out to the Valley. Especially
Sramana Mitra: What is the check size that you like to write? Naganand Doraswamy: When we started the first fund, we said anywhere around $500K to $750K. Then we would participate with another $500K in the following round. The target was about $1.25 million per company. The second is double the size. We’re looking at
Naganand Doraswamy, Managing Partner and Founder at Ideaspring Capital, adds to our thesis on great investment opportunities within the sub $100 million exit space. Sramana Mitra: Let’s start by having you introduce yourself as well as Ideaspring. Naganand Doraswamy: I grew up in Bangalore. I did my undergrad there and then came to the US
Naganand Doraswamy, Managing Partner and Founder at Ideaspring Capital, adds to our thesis on great investment opportunities within the sub $100 million exit space.
Sramana Mitra: If you were to assess, how many enterprise software companies that fit your thesis are operating in the market currently? What would be that number? Is it like thousands of companies? Tens of thousands of companies? What are we talking about? Arihant Patni: We definitely have thousands of companies. This is in the
Arihant Patni: I just had a breakfast session with a bunch of corporate venture folks. They’re all talking about how they want to evangelize startups, invest in them, work with them, and partner with them. I think that’s a terrific philosophy. I can talk about a couple of slightly more evolved startups that we invested
Sramana Mitra: You were okay with them coming to you with a business model hypothesis or a use case hypothesis, but not necessarily a completely validated use case hypothesis?
Sramana Mitra: It sounds like you’re looking at the enterprise software opportunity that’s born in India, but with a global market. Is that an accurate observation? Arihant Patni: Absolutely. Sramana Mitra: So let’s talk a little bit about these 10 investments that you made. Give us a few examples and help us understand your thought