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Interview in Hinglish (Part 2 of 2)
Interview in Hinglish (Part 2 of 2)
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Thanks everyone for the positive feedback on the Hinglish video on investor perspectives from earlier this week. Part 2 of the video is also out now.

In this we talk about startup events, angel investing, mentoring, exits, women entrepreneurship & other stuff. Hopefully, there are some takeaways for founders & angels.

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Interview in Hinglish (Part 1 of 2)
Interview in Hinglish (Part 1 of 2)
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It was recently highlighted to me that seemingly all startup conferences/events in India happened in English. And that the content produced about startup ecosystem was also overwhelmingly in English & sometimes jargon-laden, which a few founders couldn’t comfortably grasp.

Honestly, I never thought that English as a medium would also become a barrier for founders, but it seems that as startups move to capture ‘Bharat’ and founders/angels come up all across India, we need more vernacular content on startup ecosystem. So as a first for me, here’s a small interview in Hinglish on some perspectives as an investor (Part 1 of 2). Hopefully, this is of help to some people out there.

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News: Wealthy bags $1.3M from Good Capital & Emphasis Ventures
News: Wealthy bags $1.3M from Good Capital & Emphasis Ventures
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Recently, Globevestor’s portfolio company, Wealthy, secured another funding round from Good Capital and EMVC, among others. Wealthy is aiming to disrupt the mid-market wealth management segment in India.

Traditionally, true-blue private wealth management services in India have been limited to the wealthy. However, millions of upwardly mobile clients are under-served. Wealthy aims to change that by building a network of wealth managers and empowering them through technology, in turn increasing the penetration of wealth management services in India.

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News: Digi-Prex raises $5.5M seed from Khosla Ventures, SV Angel & others
News: Digi-Prex raises $5.5M seed from Khosla Ventures, SV Angel & others
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We recently participated in the seed round of Digi-Prex, as it graduated from Y Combinator’s most recent batch. The company raised it from a group of highly-influential investors that include YC, Khosla, SV Angel and the likes.

Digi-Prex runs an eponymous online subscription pharmacy in Hyderabad and serves patients with chronic diseases. Patients share their prescription with Digi-Prex through WhatsApp and the startup’s workers then deliver the medication to them on a recurring cycle. Digi-Prex also helps patients better track when they need a new supply of medicine, and checks if they are seeing improvements. The startup has amassed thousands of customers in Hyderabad.

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Challenges for women entrepreneurs & Rebalance
Challenges for women entrepreneurs & Rebalance
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There may not be consensus on this, but my experience is that women founders carry a relatively higher burden (esp. emotionally) & have a tougher journey compared to men. Every investor (incl. me) feels that we aren’t biased against them, yet it seems there are lesser women founders compared to the ratio in broader workforce. At most startup events, you see a smaller percentage of women than in a large firm’s cafeteria. Structurally, there’s little additional support available to them given their unique challenges.

That’s why I really liked Aishwarya & Vikas’ mission at Rebalance. It’s a new accelerator aiming to improve diversity in tech in India, esp. supporting women founders by providing them network & mentoring. Their first cohort just graduated. And it’s a job well done with women founders tackling problems across the spectrum.

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The non-VC funding path
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Several entrepreneurs in India I come across have an ambition to build steady-growth, profitable & fundamentally solid businesses. While they’re not fit for VC funding (size/speed expectation mismatch), debt availability is also low for them early on. And so their business suffers and such entrepreneurs feel orphaned by India’s investor ecosystem.

While royalty-based funding has been around globally it hasn’t surfaced in India yet. This YC demo day promised that the time for income share funding might have come in the US, but will take time before we see it here.

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News: Doxper raises $4M as part of Series A led by Alkemi Venture Partners
News: Doxper raises $4M as part of Series A led by Alkemi Venture Partners
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Today, a Globevestor portfolio company, Doxper, has announced its Series A round. Doxper aims to be one of the largest healthcare informatics company in India & SE Asia, and helps hospitals & doctors digitize prescriptions.

There’s no question that the current practice of writing prescriptions by hand on a paper, followed by doctors in India, is archaic and will be replaced in the future with more tech solutions. This practice is also the reason why digitizing prescriptions has been such a tough problem to solve till now. However, it also makes for a classic case study in change management. How do you make an industry move to a new-age solution, when the current habits are well-entrenched and honestly, are more efficient for the practitioners?

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News: IAN Fund leads a Rs 19 crore round in Chakr Innovation
News: IAN Fund leads a Rs 19 crore round in Chakr Innovation
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This morning, woke up to the announcement by one of Globevestor portfolio companies, Chakr Innovation, about its Series A fundraise. Chakr is on a mission to reduce air pollution, an evil of our times and an increasingly alarming problem in India.

Living in Delhi NCR since 2004, both me and my wife develop small respiratory issues for 3-4 months in winter, when the air quality drops significantly in the metropolis. With two little children, we only wonder what the air could do to their lungs. It’s a problem that has literally hit home.

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5 Key things investors look for in a startup
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A few days ago, I did a session at InstaOffice for entrepreneurs, trying to de-mystify startup investors and their thought process. I really enjoyed the event as it was very interactive, with lots of questions from entrepreneurs in the audience.

One key topic of the discussion was the key things investors look for in a startup. Over time, I’ve realized that things investors take for granted often comes as news to entrepreneurs, such as this. InstaOffice team did a brief video on this topic to go along with the talk, which is the focus video of this post.

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