The Rundown by ETtech (July 8): 2021: A seminal year for Indian startups?
On this week's episode of The Rundown by ETtech, Samidha Sharma, Digbijay Mishra, and Apoorva Mittal spoke with Sidhartha Shah, cofounder and CEO, PharmEasy, Varun Dua, cofounder, Acko, Bhavna Suresh, cofounder, 10club, Abhay Pandey, Partner, A91 Partners, Hemant Mohapatra, partner, Lightspeed India Mukul Arora, partner, Elevation Capital about the funding frenzy in the first half of 2021.
Our story on funding inflow in the first six months: https://bit.ly/2UJbvBQ
In the interview, we discussed the state of the startup ecosystem, how investors are dealing with rising valuations, and the significance of a string of upcoming startup IPOs in India.
00:00 - Intro
5:48 - Market for growth and late-stage startups
09:10 - Factors driving funding frenzy
14:00 - 10club’s $40 million seed round
19:15 - Keeping pace as an investor
30:46 - Significance of Zomato’s IPO for the broader startup ecosystem
39:00 - Are startups ready for increased scrutiny by public markets?
43:00 - Investor strategy to differentiate in a competitive market
48:30 - Audience Q&A
49:00 - Can advisory equity be damaging
52:20 - Indian startup valuations vs International counterparts
56:00 - Will the exuberance last?
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