Global trade has tumbled as a result of the Covid-19 induced lockdown across the world. With Indian exports in dire straits, Pushkar Mukewar, Co-Founder, Drip Capital talks to ET on how the demand and supply changed for India due to COVID-19, the timeline of expected recovery, and a sliver of hope for India.
Venture capital-backed investments in the fintech sector have dropped to $6.1 billion across 404 deals in the first quarter of the calendar year 2020 globally, reflecting the tough going for businesses in the pandemic-induced economic downturn.
The crash in stock prices caused by the COVID-19 pandemic, which has prompted promoters to provide more collateral to lenders, has also started to impact private equity investors.
Private equity firms are likely to emerge as a new breed of promoters of Indian businesses in the next decade as they gravitate to buyout deals, experts said.
Though venture capital firms in India have made some effort over the past few years to hire more women, most are still dominated by men, especially at the senior level.
This year's fundraising further moves the nation's burgeoning startup space on a path of steady growth. Local tech startups in the nation raised $14.5 billion in 2019, beating their previous best of $10.6 billion last year.
Higher inbound transactions were primarily led by financial sponsors, which include global investment firms and private equity firms active in India.
Canadian pension funds are looking to tap the private debt space in India where a prolonged credit crunch is hampering the ability of companies to raise funds from traditional lending sources.
During this fireside chat, you will learn how Subrata and Binny helped put India on the map for many global investors; their views on the current and future Indian startup and venture ecosystem; and Binny's next chapter after Flipkart's successful $16B exit to Walmart, which is the largest ever M&A deal in the e-commerce industry. Speakers include Subrata Mitra, Co-Founder & General Partner, Accel India; and Binny Bansal, Co-Founder & Former CEO, Flipkart. The discussion was recorded at the Trusted Insight Innovation Summit, Tokyo on November 22nd, 2019. The event was in collaboration with Japan Post Bank and Coral Capital.