This morning, we had an excellent roundtable discussing businesses from around the world.
First, we had as our guest Shruti Gandhi, General Partner and Founding Engineer, Array Ventures, a fund focused on deep tech, enterprise-facing ventures.
Edfone
As for entrepreneur pitches, we started with Nishanth Singh from Troy, Michigan, pitching Edfone, an EdTech venture. We advised Nishanth to focus on B-to-B.
Sramana Mitra: Just broadening the line of questioning, could you talk a bit about what your analysis of the current FinTech market? Where are the key opportunities?
Matt Carbonara: Payments moving into different parts of the ecosystem is one trend. You can think about verticalized SaaS companies with an element of payments becoming part of them.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Matt Carbonara was recorded in March 2020.
Matt Carbonara, Managing Director at Citi Ventures, discusses the fund’s activities and focus.
>>>Elly Truesdell is Partner at Almanac Insights, a fund focused on food related investments. We have a fascinating conversation.
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Sramana Mitra: In a cyber security startup, I don’t think anybody other than the founder who’s the product visionary can close those deals with the first few customers. Only a founder who has deep enough knowledge of the product and space can position on the fly.
Let’s talk about a couple more case studies of companies that you’ve invested in that you’re particularly excited about. What do we learn from that? What do we learn about trends? In the enterprise, where are we going?
>>>Sramana Mitra: Do you want to do another example?
Ashish Jain: Let’s take one from India. I would not even call it emerging anymore. India is going through Innovation 3.0. 1.0 was around business process outsourcing. 2.0 was around IT services companies.
These founders are looking beyond replicating. They are looking into supply chain, platforms for IoT, automation. Arzooo is one of them. They are ex-Flipkart employees. They saw an opportunity to digitalize the supply chain for B2B retail. They are executing it perfectly.
>>>In case you missed it, you can listen to the recording here:
Deepak Jeevankumar: The first question we ask is a market question. Are you part of the future of the world’s story? Future means growth. For example, I think the future is multi-cloud which includes hybrid cloud.
We like startups that have strong multi-cloud or hybrid philosophies. Then how are you securing some of these changes happening with new hardware and new cloud? That’s a cyber security thesis.
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