Moneycontrol
Masterclass Ideas For A New India

2021: A Watershed for Indian startups
What does 2022 hold?

22 December, Wednesday 05:30 pm - 06:30 pm

Meet Our Speakers

Sanjeev Bikhchandani

Sanjeev Bikhchandani

Founder and Vice-Chairman, Info Edge

Sanjeev is the founder of Info Edge India Ltd. the company that owns India’s leading job site - Naukri.com. Starting off in 1997 with a seed capital of just two thousand rupees, the company has grown exponentially. Info Edge listed on the BSE back in 2006, and is now is now worth over $10 billion. Over the past 25 years, Sanjeev has pioneered some of the most iconic internet brands in India like 99acres.com, Jeevansathi.com and Shiksha.com. Sanjeev has also been an early stage investor in several promising start-ups including Zomato and Policybazaar.com. In 2020, Sanjeev was conferred with the prestigious Padma Shri Award by the Indian government. Sanjeev is active in various industry fora like The Indus Entrepreneurs, All India Management Association & NASSCOM. A distinguished alumnus of IIM Ahmedabad, he also a founding trustee of the Ashoka University.

Souvik Sengupta

Souvik Sengupta

Co-founder, Infra.Market

Souvik is the Founder of Infra.Market, a con-tech solutions company that is transforming the construction ecosystem in India. A platform that is a one-stop-shop for every category of construction materials, Infra.Market is one of the fastest-growing unicorns in India. Souvik shapes Infra.Market’s strategic vision and transformation agenda including mergers and acquisitions. Souvik is also board member of Equiphunt, a platform that aims to create India's only fully integrated Equipment Solutions Platform. An alumnus of IIM Bangalore, Souvik is a Chartered Accountant and has worked with major infrastructure players in the past.

Radhika Gupta

Radhika Gupta

CEO, Edelweiss AMC

Radhika started her career with McKinsey & Company, and then progressed to become a hedge fund manager with AQR Capital. An asset management professional with experience across classes and investor segments, she moved to India in 2014 to start her own venture, Forefront Capital Management, which was acquired by Edelweiss in 2014. In 2016, she successfully led Edelweiss’s acquisition of JP Morgan’s Mutual Fund business and Ambit Capital’s AIF business. She is an alumnus of the University of Pennsylvania, and a Board Member of the Association of Mutual Funds in India (AMFI).

Abhay Pandey

Abhay Pandey

General Partner, A91 Partners

Abhay is General Partner at A91 Partners - an India focused fund that invests in emerging private companies across consumer, technology, healthcare and financial services. Abhay likes to spend his time mentoring entrepreneurs building exciting businesses. He brings over two decades experience as a consultant with McKinsey & Co, investment banker with Merrill Lynch and investor at Sequoia Capital. Abhay has also served on the boards of Bira 91, La Renon Healthcare and Indigo Paints. He is an alumnus of IIT Bombay and IIM Calcutta. Abhay is a Trustee at Ashoka University and BECT, and also serves on the Executive Committee of IVCA.

What To Expect

Indian startups have raised over $30 Billion this year from investors, in what has been a record-breaking year. To put it in perspective, this is nearly three times 2020's $11.2 Billion, and more than double the previous record of $13.1 Billion in 2019.

Digitisation and millions of consumers coming online has made investors bullish, as they believe this will significantly widen the market opportunity for internet companies. 2021 has also minted over 40 unicorns - privately held startups valued at over a billion dollars, compared to 26 unicorns in the entire decade prior. The euphoria in the private markets also spilled over to the public markets, with companies such as Zomato, PolicyBazaar, Nykaa and Paytm listing on the bourses.

10 years ago, India had no unicorns while it currently has over 70. A decade ago, less than a billion dollars of funding per year went into startups, compared to over $30 billion this year.

Is the unprecedented funding boom here to stay? Will the US Fed's hawkish stance amid high inflation spoil the party? Will there still be an appetite for listed Internet companies in India considering many companies that listed this year are now trading at a discount to their listing price?

An ace panel comprising some of the best Startup and Market voices will answer these questions on this edition of Moneycontrol Masterclass.

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