Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Harald Nieder was recorded in March 2019.
Harald Nieder is a Partner at Redalpine Venture Partners, a European firm primarily focused on Germany and Switzerland.
Sramana Mitra: So tell us about yourself as well as Redalpine. Let’s get you introduced to our audience.
>>>Sramana Mitra: Besides these three categories that you’ve talked about or aligned to these three categories that you talked about, what are you seeing in your deal flow over the last 12 to 18 months? What’s in the pipe in India? I imagine you see several thousand deals a year, right?
Rahul Chowdhri: We see up to 1,400 to 1,500 deals a year. They vary across sectors. We are a sector agnostic fund. We have a very active problem-thesis based approach. So each one of us looks at one or more sectors. Then we go out and look for companies in those sectors.
>>>Sramana Mitra: This was actually fascinating because we do have a very large Indian following. It’s very interesting to hear about these trends. What’s new? What’s cutting edge? So I’d love to hear more about other interesting ideas in your portfolio.
Rahul Chowdhri: Shop101 is a social commerce application. In the last few years, Facebook, Instagram, Whatsapp, and now TikTok have become very popular social media platforms in India. While there is consumer usage, you also have a lot of micro-sellers on these platforms. These include individuals sitting at home or student traders who are using these platforms to sell items.
>>>During this week’s roundtable, we had as our guest Shripati Acharya, Managing Partner at Priven Advisors, advising Prime Venture Partners, a firm focused on core technology ventures in India. Unlike most VCs, Prime does concept-stage investments.
Oracle project
As for the entrepreneur pitches, up first we had Arun Philips from Bangalore, India, who is also an Oracle-sponsored 1Mby1M Premium member. He pitched a blockchain based impact assessment solution.
Sramana Mitra: Were you hiring these developers in South Carolina?
Rob Cheng: We used Monster.com. Back then, that was a way to hire people. So I would just look for the best people and for the skill. I would find them wherever I could. As it ends up, a couple of our developers ended up in South Carolina. But that was much more by luck than by design.
>>>Taylor Greene, Managing Director at Collaborative Fund, shares his firm’s investment thesis.
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Sramana Mitra: Give us a few examples of what you have invested in catering to that next 400 milion users.
Rahul Chowdhri: We invested in a company called VOGO. It is a scooter-sharing business like Lime or Bird. The problem that Lime solves in the US is very different from what VOGO is in India. VOGO is solving the problem of last-mile commute for people who take public transportation like bus, or tuktuk in India.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Rahul Chowdhri was recorded in March 2019.
Rahul Chowdhri, Investor at Stellaris Venture Partners, shares some fascinating examples of consumer ventures catering to the next 400 million consumers in India.
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