ET Startup Awards 2019: Nominees for the 'Midas Touch' category
Faith in the innate genius of Indian entrepreneurship has seen many investors striking gold in the past few years. The category ‘Midas Touch’ will fete the best investor of 2019.
Investment firm: SAIF Partners
Based: New Delhi
Key Investments: Swiggy, Meesho, Unacademy
Investment Strategy: Mukul Arora started out as an associate at SAIF Partners in 2010, and had become a partner at the fund within six years. He bet early on Swiggy, which is valued at more than $3.3 billion today. Arora also plays a partner supporting role at Paytm.
Investment firm: Lightspeed Venture Partners
Investments: Indian Energy Exchange, Udaan, Oyo
Investment strategy: Bejul Somaia established Lightspeed Venture Partners’ India operations in 2008. It was only in 2015, however, that the fund raised an independent India corpus and has since picked some of the buzziest startups like Byju’s, Oyo, Udaan and ShareChat.
Investment firm: Accel Partners
Key investments: Swiggy, Blackbuck, Bounce, TaxiForSure
Investment strategy: Anand Daniel has a diverse portfolio including commerce, enterprise, logistics, healthcare and finance. His top exits include TaxiForSure, which was sold to Ola for $200m. He has spotted many firms with potential multi-million dollar valuations, including Swiggy, Blackbuck and Bounce.
Investment firm: Multiples Alternate Asset Management
Key Investments: Delhivery, Dream11, Indian Energy Exchange, PVR
Investment strategy: Renuka Ramnath runs a PE firm that manages assets of over $1 billion. Her fund has reaped rich dividends after scoring partial exits from investments like Delhivery and Dream11.
Investment firm: Saama Capital
Key investments: Snapdeal, Paytm, Mezi, Raw Pressery, Lendingkart
Investment strategy: Among a small group of early-stage investors to have consistently snagged cash ex- its across his portfolio companies including Snapdeal, Mezi and Paytm, Lilani has earned stellar returns on his investments. His focus areas are consumer and internet e-commerce.
Must Read: ET Startup Awards 2019: Nominees for 'Startup of the Year' category
WHAT WE LOOK FOR IN A WINNER
Expert Speak: Uday Kotak, MD, Kotak Mahindra Bank
Who better than Indian startup entrepreneurs to re-kindle the much required animal spirits?
The meteoric rise of startups over the last decade has been one of the defining stories of the Indian economy. The startup ecosystem in India, which is establishing new business models, is one of the most vibrant in the world.
I welcome all ideas where simplicity is at the core.
Identifying problem areas and solving them disruptively, yet creating a positive impact in society is the need of the hour. The current environment is conducive to startups, and they need to make the most of it.
Expert Speak: Satyan Gajwani, Vice Chairman, Times Internet
To be a leading startup, I look for a few different traits in the business and in leaders.
The first, vision and impact — is it one that transforms lives, or is it just going to make money? Second, is this a business that’s built to last, or to flip? Is the leader focused on balancing growth and sustainability, or chasing vanity metrics? Is it a one-person show, or does it prioritize building a great team?
Third, execution capability. The best leaders focus on business vision, while staying close to operating fundamentals and driving business performance. The most exciting startups today are the ones building solutions that are India-unique.
Most are non-English, and they leverage the unique insights of Indian consumer or business habits to differentiate themselves from copycats. On the other hand, we’re also seeing products that are so well built that they can compete beyond India, making a dent in the global tech landscape.