New Delhi: Prime Minister Narendra Modi Top leaders of the private equity and venture capitalist industry met on Friday to discuss topics such as ease of doing business, reform reforms and attracting capital.
The talks took place at the Prime Minister’s residence in the capital.
It was attended by many senior officials including Prashant Prakash from Excel, Rajan Anandan from Sequoia, Gopal Srinivasan. TVS Capitals, Renuka Ramnath from Multiple, Amit Dalmiya from black Stone and munish verma softbank,
Anandan, MD, Sequoia India, said, “If you go back 10 years, we did not have any unicorns. This year, at the end of 2021, we will have over 70 unicorns. In fact this year, we have increased the number of unicorns. doubled it.” “Ten years ago, we would have less than a billion dollars funding startups every year. This year, we will have over $30 billion. And I attribute a big part of that to the extraordinary focus that our PM and The government has done it. On startups. The real Startup India movement started intensifying in 2015.”
The attendees also talked about the entrepreneurial potential of the country, and how it can be leveraged for Indian startups to reach the global stage. While Prakash from Excel highlighted opportunities in agriculture startups, Anandan suggested working towards making India a global hub of education by leveraging technology.
“Our conversation with the PM was amazing because the intent with which he was listening to every single input and recommendation of the people in the meeting was very thoughtful and it was very clear that a big change is coming in India,” he said. General Atlantic MD and Business Head in India, Sandeep Naik.
Shantanu Nalwadi of India Resurgent praised the reforms.
The talks took place at the Prime Minister’s residence in the capital.
It was attended by many senior officials including Prashant Prakash from Excel, Rajan Anandan from Sequoia, Gopal Srinivasan. TVS Capitals, Renuka Ramnath from Multiple, Amit Dalmiya from black Stone and munish verma softbank,
Anandan, MD, Sequoia India, said, “If you go back 10 years, we did not have any unicorns. This year, at the end of 2021, we will have over 70 unicorns. In fact this year, we have increased the number of unicorns. doubled it.” “Ten years ago, we would have less than a billion dollars funding startups every year. This year, we will have over $30 billion. And I attribute a big part of that to the extraordinary focus that our PM and The government has done it. On startups. The real Startup India movement started intensifying in 2015.”
The attendees also talked about the entrepreneurial potential of the country, and how it can be leveraged for Indian startups to reach the global stage. While Prakash from Excel highlighted opportunities in agriculture startups, Anandan suggested working towards making India a global hub of education by leveraging technology.
“Our conversation with the PM was amazing because the intent with which he was listening to every single input and recommendation of the people in the meeting was very thoughtful and it was very clear that a big change is coming in India,” he said. General Atlantic MD and Business Head in India, Sandeep Naik.
Shantanu Nalwadi of India Resurgent praised the reforms.
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