Shuly Galili, Founding Partner, UpWest Labs, talks to us about pre-seed and seed investments in the Israel – Silicon Valley corridor.
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Sramana Mitra: What else is interesting in your structure that is worth discussing that I have not discussed with you yet?
Utsav Somani: I think you’ve pretty much covered everything. There are some really good companies coming out of India.
Sramana Mitra: Can you talk about them?
Utsav Somani: It’s too early to be disclosing some names. I can talk about the first one which is a middleware company that’s doing Blockchain-based API for companies to quickly deploy Blockchain government systems in
In case you missed it, you can listen to the recording here:
During this week’s roundtable, we had as a guest Ray Chan, Managing Director at K5 Ventures and Tech Coast Angels shared his views on the segments his firms invest in.
Locol
As for pitching, we had Sriniva Nag Mandali from Hyderabad, India, pitched Locol, a flexible fleet access solution for tour operators and municipal governments a la Uber, but in a B-to-B context. Very cool!
ViaMaan
Next, Rahul Sharma from Bangalore, India, pitched ViaMaan, an aerial cargo delivery solution. Also very cool.
Sramana Mitra: I’m going to double-click down on a bunch of points you made. You said the angel networks like Mumbai Angels work like glorified VC funds versus AngelList. Elaborate and contrast the fee structures.
Utsav Somani: Everyone is structured in a different way. They help different people. The offline angel networks are places where people like to meet companies and see them pitch in person. They take a longer decision cycle. At AngelList syndicates, we enable people to write lower check sizes, but we pool capital and people make faster decisions. Every coin has two sides.
Sramana Mitra: What about the fee structure though? >>>
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 India. How are you operating? How is it structured? How is it different from the mother ship? >>>
Sramana Mitra: I’m going to ask you a few questions about the Indian market. What is your analysis of the Indian e-commerce market?
Kanwaljit Singh: There is a large consumer market in India. E-commerce is satisfying several of those requirements for branded products that Indian consumers are not able to consume due to access and sheer logistics complexity. For a large consumer brand, to be able to reach the remote corners of the country is extremely expensive. >>>
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 group. They are very bullish on the consumer brand space. It’s a very interesting funnel for consumer investing in India. The mouth of the funnel is really the angels and individual investors. >>>