Sramana Mitra: Let’s do a couple of examples to illustrate what you’re saying with some more visceral understanding. Pre-seed is a very interesting field of investment. There aren’t that many pre-seed funds. Gans Subramanian: There’s another company in the cybersecurity space. These founders have a clear view of the problem. They are technical founders and
Sramana Mitra: How many of those 11 investments are in EdTech? Rahul Chandra: Just one so far. Sramana Mitra: Do you want to talk about that? Rahul Chandra: We have not announced this one, but I can talk about it. The premise is similar to what I’d said. There is a two-dimensional, non-interactive nature to
Rahul Chandra: One of our companies is called Jar. There is a very big question about whether the segment of 400 million UPI users that Jar is targeting and investing for is just a dream. For them, investing needs significant capital saved in the bank. India is a credit-hungry market. Are people even thinking about
Rahul Chandra, Managing Director at Arkam Ventures, is a veteran of the Indian Venture Capital industry. This discussion spans historical context to the current Unicorn mania. Great analysis!
Naganand Doraswamy: The fourth one is, we want to ensure that we have visibility for $10 million to $15 million. One of the thesis we have in the fund is to enable sub-$100 million exits for product innovation companies in India. If you want to get a $70 million to $100 million exit, you should
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