Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Utsav Somani was recorded in May 2018. Utsav Somani, Angel Investor at AngelList India, talks about the newly launched AngelList India. Sramana Mitra: Tell us about the investing focus of AngelList in
Sramana Mitra: I’d like to understand to what degree of certainty do you foresee the family offices that are working with you to be able to cover that capital need of going from $5 million to $15 million? Kanwaljit Singh: The interesting thing is that the private equity investors in India is a very large
Sramana Mitra: In this case study, how many customers were they able to reach in an internet-only mode? Kanwaljit Singh: I think it’s in the thousands. You can build very interesting businesses, especially in the Indian context if you can reach a core community of consumers. We believe that the lifetime value of the consumer is
Sramana Mitra: Let’s do a few case studies of your portfolio. We can do three or four of these. Take us through the evolution of these companies. When did they come to you? What did they have? What brought your confidence and what happened as they evolved? Kanwaljit Singh: Let me a take an example
Sramana Mitra: The other piece of this equation is let’s say you can invest quarter of a million to $2 million per company on funding. What does the rest of the ecosystem look like around you to build brand companies? What are they looking for in terms of proof points to want to come and
Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Kanwaljit Singh was recorded in May 2018. Kanwaljit Singh is Founder of Fireside Ventures, a fund focused on building consumer brands in India. This is an excellent conversation about the nascent opportunity
Sramana Mitra: Let me ask you something much more blatant. When people look at young women entrepreneurs, there is this question about how this person manages children and family. What is your current investigation is reporting? Deb Kemper: They’re doing it. No one ever asks their male peers these questions. Sramana Mitra: Definitely not. Are
Sramana Mitra: I am completely in agreement with you. I really think that there should be a large pool of investors that are not unicorn hunters but who operate within the equity investing framework that we use in our ecosystem and may have successful investments. We need more of those. It’s unfortunate to see this