This event would not have been successful without their participation.”Īll virtual and online, the NVPC started on June 1, 2021, with 185 contestants from categories including, B2B, B2C, software, hardware, life science, medical, healthcare, Cleantech, FinTech, AI, blockchain, robotics, digital solutions, media, e-sports, government, military, education, sports, etc. “A huge thank you to our sponsors, judges and investor groups. “What made our event special was the opportunity for all contestants and spectators to get exposure to investors from across the country,” said Richa. For the second year, Pismo Ventures created an event filled with value and benefits for competitors as they fostered connections with judges and learned through industry-leading experts webinars. The competition started as an alternative to traditional venture competitions in 2020. “For the second year in a row, we were able to provide a truly unique experience for startup businesses within different industries while providing them access and exposure to an exquisite group of investors and a high caliber educational program,” said JJ Richa, CEO of Pismo Ventures and the founder of the NVPC. Its overall existing investments are spread across different asset classes including private equity funds, real estate funds, infrastructure funds, special situations fund, listed strategies and investment advisory.EcoSoul Home and SFA Therapeutics (1st place tie,) Eyedaptic (2nd place,) and Cooler Heads (3rd place) named as winners in the second annual National Venture Plan Competition (NVPC) by Pismo Ventures, which provided unprecedented, once-in-a-lifetime access for 185 startups to more than 180 investors, from 50 VCs and Angel investment groups serving as competition judges. As of now, Kotak has such specifically chosen investments such as Pine Labs and Mobile Premier League (MPL), which are likely to grow bigger," the veteran investor further said.īillionaire Uday Kotak-controlled Kotak Group’s alternative investment firm was set up in 2005 and is among the largest homegrown private investment firms in the country with total assets under management of $5.7 billion. Hence, an investor must choose the investment portfolio.
“Market works on sentiments and liquidity. But the innate competencies that India has is unique," Sriniwasan added.Īmid the ongoing funding squeeze for startups after the runaway success in 2021, Sriniwasan said that there is enough entrepreneurship going on for the venture capital space to mature.Īccording to him, momentum investment will always become a challenge.
I am not a big fan of replicating US models here. We have to do things which are impactful as an investor and capital must go into it. “It is already a $10 billion industry in India. In the venture capital space, the alternative investor will be focused on healthcare and healthtech firms. We will launch it soon," said Sriniwasan, who believes that while it is a late entrant, there is still room for growth. “For such investments, we have filed for an angel fund with a size of ₹150 crore. KIAL has already made 14 startup investments worth ₹70 crore through its proprietary fund deployed in the healthcare and healthtech sectors. Besides, the Kotak investment arm also plans to raise follow-on infrastructure fund, an angel fund and a ‘specialized’ 12th real estate fund focused on logistics and office commercial space, Sriniwasan said without divulging details on the fund sizes. KIAL has yet to crystallize its plans for the foray into buyouts and venture debt business. Buyouts are typically when a buyer acquires more than 50% of a company, resulting in a change of control and ownership.
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