Forbes India - The Startup Fridays Podcast

In this episode, Sashank Rishyasringa, and Gaurav Hinduja, co-founders of Axio, a buy-now-pay-later specialist in Bengaluru, talk about how, while a strong regulatory environment is critical in fintech, it can also become an enabler of innovation. Lower cost of money for “new entrants and challengers” with innovative financial products can benefit millions of consumers, which in turn can help India’s economic growth, they say.

In this episode, Ashok Jhunjhunwala, institute professor at the Indian Institute of Technology Madras and president of IITM Research Park, Incubation Cell and RTBI, talks about why the next big push is needed now for India to become a nation of deep tech products over the next decade. He also asks that administrators and bureaucrats change their control mindset to allow our scientists, engineers and entrepreneurs to fail without fear so that they can eventually succeed in building this ecosystem for India.

In this episode, Vinod Shankar, founding managing partner at Java Capital in Bangalore, talks about his passion for backing deep tech entrepreneurs. Vinod started out as a software engineer but found himself repeatedly drawn to new experiences. His insatiable thirst for knowledge has taken him from a software startup to leading marketing for a library chain to angel investing to eventually working at a VC firm before starting one of his own. Vinod talks about why he wants to invest in deep tech, and how he identifies entrepreneurs worth backing.

Welcome to a new season of Startup Fridays. In this episode, Karan Mohla, partner at the VC firm B Capital talks about the convergence that he sees beginning to happen, which is bringing different aspects of India’s startup ecosystem to points of inflection. Karan, who’s based in Delhi, has been involved with investments in more than 20 companies including Bounce, FirstCry, HealthifyMe, Xpressbees and CropIn. He has led investments in startups in sectors including ecommerce, healthcare, SaaS, logistics, mobility, ed-tech, agri-tech and gaming. He’s also now actively scouting for opportunities in climate tech and deep tech. In this conversation, Karan also talks about how he figured out early that entrepreneurship was not for him, but backing founders was. He talks about learning from early mistakes as a VC investor and the importance of being self-aware and honest when deciding on investments.

This is part two of a conversation with Kavita Shenoy and Anand Gopal, on their 10-year entrepreneurial roller coaster, building Voiro, an ad-tech SaaS company in Bengaluru. In today’s episode, they talk about how the $750 billion ad landscape is changing, their hopes for Voiro’s future, how building their own company has been life-changing, and why it has them coming back for more every day.

Part one of a conversation with Kavita Shenoy and Anand Gopal, on their 10-year entrepreneurial adventure, building Voiro, an ad-tech SaaS company in Bengaluru. Kavita and Anand are natural conversationalists and story tellers, and produce their own podcast as well. In today’s episode, they talk about how they started Voiro, and then went from consulting and services and an "excel sheet from hell" to a software product and winning customers like Hotstar.

Viral Shah, co-inventor of Julia programming language and co-founder of Julia Hub, an enterprise software startup, talks about this opensource language’s journey that will touch 15 years in the new year. Julia Hub, founded in 2015, today has customers including some of the world’s biggest companies in pharmaceuticals, aerospace, semiconductors, and industrial engineering. With some $43 million in funding, Viral and his co-founders are helping scientists and engineers innovate faster by tackling what he calls the “two language problem.”

In this episode, Amit Gupta, co-founder and CEO of Yulu Bikes, gives us an update on how the electric moped venture will continue its pincode-by-pincode approach to growth. Earlier this year, Yulu added a battery-as-a-service business, called Yuma. Yulu has also entered the OEM business, with Bajaj Auto making the Yulu Wynn, a more stylish version of the Yulu Miracle, that consumers can buy for about ₹55,000 upfront, and then subscribe to a battery and mobility plan. Amit expects to go from about 25,000 of Yulu’s low-speed scooters on Indian roads at the time we spoke, in September, to about a 100,000 by June or so next year. He also expects Yulu to hit breakeven this year.

In this episode, we chat with Kiran Mysore, a principal at the University of Tokyo Edge Capital, one of Asia’s biggest deep tech VC funds, on the ninth anniversary of his move to Japan, where he found his calling as a deep tech VC investor, leading global investments including India and southeast Asian ventures. We spoke mostly about his experience with the deep tech ecosystem in India thus far and plans. But Kiran also opened up a bit about his love of learning and how he stays on track.

Kunal Khattar, founding partner at AdvantEdge, an early-stage VC firm in Delhi, focused on India’s mobility sector, talks about the future of this industry in India and the role that companies ranging from Ather to Tesla could play in it. He also talks about business innovations that could soon make electric vehicles more affordable to the Indian buyer and perhaps even cheaper than the fossil-fuel guzzling ones. Kunal also spoke a little bit about his own entrepreneurial journey, leading up to the setting up of his VC firm.

Arun Raghavan, founding partner at Arali Ventures in Bengaluru, talks about how he and his friend Rajiv Raghunandan became VC investors with an operator’s flavour, and the experience that’s helped them invest very early in entrepreneurs across sectors, from fintech and SaaS to deep tech startups. Arun also talks about how India is ready for the next level of sophistication in sectors such as SaaS, where we need to go from application-level plays to infrastructure layers. Such companies would then be truly relevant to global customers

In this episode, TN Hari, co-founder of Artha School of Entrepreneurship, who’s also a prolific author on building for India, and an angel investor, talks about his learnings from across his career – from being a corporate executive at Tata Steel to diving into startups like TaxiForSure and BigBasket. He talks about problems in India that aren’t necessarily amenable to the hyper-growth model of VC funded startups. And he talks about the value of some highly effective leaders, who’re almost invisible to the public eye, he says.

In this episode, Shivnath Babu, co-founder and CTO of Unravel Data, talks about the growing importance of data observability and the contributions being made by his venture. Shivnath started his career as a computer science engineer from IIT Madras and then earned his PhD in the area of data platforms at Stanford University. He spent 12 years as an adjunct professor at Duke University before teaming up with Kunal Agarwal to start Unravel Data. The venture today is a Series D-funded company with investors including Third Point Ventures, Menlo Ventures and GGV Capital.

In this episode, Will Poole, co-founder and managing partner of Capria Ventures, talks about the opportunities and challenges in investing in the global south. Will started his career with a computer science degree 40 years ago and worked at some of the biggest names in tech, including Sun Microsystems and Microsoft, before turning to VC investing. A significant part of that career involves working in India, where in his own words, an early lesson was about finding “resilient founders.” He also talks about why he wants every company in Capria’s portfolio to have a generative AI strategy.

In this episode, Dev Khare, a partner at Lightspeed, one of the most prominent global early-stage VC firms operating in India, talks about how and why he became a venture capital investor, and what keeps him going today. Dev also talks about how India’s startups are changing, how Lightspeed is different, in his view, and some lessons from his own career, having tasted entrepreneurship firsthand before turning VC investor—the importance of timing, the value of compounding not just investments but relationships, and a simple productivity hack that always works for him.

In this episode, Sayandeb Banerjee, co-founder and CEO at TheMathCompany, talks about how his six-year-old venture has grown from strength to strength, building custom analytics solutions for some of the world’s biggest companies. He also talks about how he’s always had an entrepreneurial streak; the advantages of not taking VC money too early; lessons Banerjee, and his co-founders Aditya Kumbakonam and Anuj Krishna, had to learn or unlearn as “practitioners,” new to hard-core sales; and finding personal space and time for his love of the sitar.

In this episode, Rishi Navani, founder and managing partner at Epiq capital, a growth-stage VC firm, talks about never losing sight of the core idea of venture capital, which is to make substantial returns for his investors. Over the 25 years that he’s been backing ventures, including previously co-founding Matrix Partners India, Navani’s way of doing this is to not spend time on how he can add value to an entrepreneur or startup, he says. Instead, he seeks founders who are so good that they mostly don’t need his help, beyond the capital

In this episode, Arun Kumar, managing partner at Celesta Capital, talks about why some of the best VC investment opportunities can be found in tough times, as they reveal the most resilient entrepreneurs. Kumar’s career includes leading KPMG India and serving in former US President Barack Obama’s administration. He also talks about embracing change—from leading thousands of colleagues at KPMG to being part of a team of about 25 at Celesta—the importance of purpose, his love of poetry and learning to enjoy everything that life threw at him.

In this episode, Shashank Bijapur, Madhav Bhagat and Rohith Salim talk about how they got to build SpotDraft, which offers a machine learning and AI-based contract lifecycle management platform to legal teams at companies around the world. Founded in 2017, SpotDraft has helped customers process more than a million contracts since the company released its first commercial product. The first-time entrepreneurs have raised nearly $45 million in funding from investors including Prosus, PremjiInvest, and Arkam Ventures. This year, soon, they expect to hit an ARR of $10 million

In this episode, Ganesh Rengaswamy, co-founder and managing partner at Quona Capital, looks back at how he once juggled being a co-founder at Travel Guru and an MBA student at Harvard Business School, and what he would have done differently. Ganesh also talks about Quona’s deep interest in fintech in India and several other markets; and how India’s public digital infrastructure and private startups will eventually unlock the massive potential of our SMBs. He also talks about his own experience with respect to seeking and learning from mentors