Overview
Economists are bracing for a recession in the US and in other western economies in 2023.
Geopolitical challenges and supply chain disruptions are expected to temper growth expectations in the near term for most of Europe and Asia.
Amidst this, India is emerging as a bright spot.
Various estimates have pegged the Indian growth rate at between 7% and 7.5% for FY23.
What is the reason for this optimism and is this sustainable?
There is a school of thought that the Indian economy may resist a slowdown because of domestic consumption.
Domestic credit is expected to see growth. There is rising foreign capital interest across multiple pockets of the Indian economy, especially in areas such as consumer, healthcare, financial services, renewables and infrastructure. But the resilience of the tech ecosystem is likely to be tested over the next few years.
The startup ecosystem already fired at least 15,000 employees in 2022. Will this continue into 2023? How many startups will survive the funding winter? What areas within the tech ecosystem are ripe for consolidation? Will new leaders emerge in this cycle?
The path to growth in other sectors too will not be without challenges – especially if inflation persists, the rupee declines further.
But enough factors have come together for an Indian decade. The day-long conference will highlight areas of investor interest, how they are navigating the challenges in identifying opportunities amidst rising inflation, a declining rupee and a volatile geopolitical environment. Funds will also discuss if the impact investment story has played out over the last decade.
What are the most attractive areas of growth and what future trends can disrupt the startup ecosystem in 2023. Will India manage to sustain investor interest over the next few years? Will startups surpass investor expectations?
We will discuss all this and more at the India Limited Partners Summit 2023.
Agenda
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8:00 AM – Onwards
Registration & Networking
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9:20 AM – 9:30 AM
Welcome Address
By Shalil Gupta, Business Head, Mint & Mosaic Digital
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9:30 AM – 9:50 AM
Special address: The good, bad and the ugly of investing in India in 2023
The Indian economy is expected to be one of the bright spots globally this year. Is India fully taking advantage of the situation it finds itself in?
Speaker:
Anand Unnikrishnan, Managing Partner- Fund of Funds, National Investment and Infrastructure Fund (NIIF)
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9:50 AM – 10:10 AM
Fireside chat: The rise of domestic capital
What measures can be taken to build a sustainable pool of domestic capital for the Indian alternative investment fund ecosystem?
Ranjani Raghavan, Senior Associate Editor, VCCircle in conversation with Shivani Bhasin Sachdeva, Founder & CEO, India Alternatives
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10:10 AM – 10:40 AM
Panel: How is the LP asset allocation changing?
What are the trends in Limited Partners’ asset allocation globally? How are global investors looking at private equity allocations in light of worries about recession in the US and Europe? What are the geographies of interest? What are the enduring themes post covid? How does India fit into their larger scheme of things?
Speakers:
Deepak Padaki, President, Catamaran
Weibo XIONG, Senior Vice President, Portfolio Advisors
Radhika Rajan, Executive Vice President, DSP InvestmentsModerator: Sneha Shanti kumar Shah, Senior Assistant Editor, VCCircle
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10:40 AM – 11:10 AM
Networking over Tea/Coffee
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11:10 AM – 11:30 AM
Fireside chat: Has the impact/ ESG investment thesis borne out its promised potential?
Most Limited partners have a mandate to invest in funds that have an underlying ESG thesis. Several impact focused funds have invested across the Indian ecosystem with ESG in mind. An assessment on the wins and the missed opportunities in this segment.
Speaker:
Ranjani Raghavan, Senior Associate Editor, VCCircle in conversation with Dave Richards, Co-Founder & Managing Partner, Capria Ventures
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11:30 AM – 11:50 AM
Fireside chat: Could climate disasters derail our growth? What is the investor thesis?
The past year has seen intense floods in many parts of the country including Assam, Bihar, Karnataka and Delhi. Climate disasters have the potential to wipe out any growth we are seeing on the GDP. How can private investors help? How are investors thinking about climate tech? Is climate investment profitable? Where are the returns? How do we build sustainable growth?
Speaker:
Beena Parmar, Assistant Editor, VCCircle in conversation with Raj Pai, Founder/Managing Partner – South Asia, GEF Capital Partners
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11:50 AM – 12:20 PM
Panel: What is attractive in 2023?
Investments in core sectors such as consumer, healthcare, infrastructure, renewables energy have seen massive amounts of capital inflow. What is likely to sustain over 2022?
Is this likely to continue? What are investors finding attractive? What areas are falling behind?
Speakers:
Ajit Kumar, Managing Partner, Evolvence India Fund
Neha Grover, South Asia Lead, Private Equity, International Finance Corporation
Anjali Bansal, Founding Partner, Avaana Capital
Anshu Gupta, Partner (Investments), C4D Partners
Visalakshi Chandramouli, Founding member, Tata Capital Healthcare FundModerator: Beena Parmar, Assistant Editor, VCCircle
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12:20 PM – 2:00 PM
Networking Lunch
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2:00 PM – 2:20 PM
Fireside chat: Making profits in the new economy
The narrative has quickly changed from growth at all costs to break-even and profitability. This is especially true of consumer tech and edtech businesses, where there is significant consolidation expected in 2023.
Speaker:
Ranjani Raghavan, Senior Associate Editor, VCCircle in conversation with Ashwin Damera, CEO, Eruditus & Emeritus
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2:20 PM – 2:50 PM
Panel: LP Focus on a co-investment, direct portfolio
Limited Partners are increasingly focusing on building out their co-investment and direct portfolios in India. How are LPs focusing on portfolio management? Do LPs have the expertise to invest in the new economy? What are their teams looking for? Are deal sizes increasing? How do GPs think about this trend?
Speaker:
Jai Rupani, Chief Investment Officer, Dinesh Hinduja Family Office
Aparna Mangla, Investments, Private Equity Funds Asia, British International Investments (BII)
Sachin Bid, Fund Manager, Venture Capital, Nippon Life India AIF Management Limited
Ashish Kumar, Co-Founder and GP, Fundamentum Partnership
Ranjit Shah, Co-founder & Managing Partner, Gaja CapitalModerator: Karthik Prabhakar, Managing Partner, PeerCapital
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2:50 PM – 3:20 PM
Networking over Tea/Coffee
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3:20 PM – 3:30 PM
Special address: The collapse of the tech bubble
The cycle has turned for tech investments in India. What does it mean for tech startups now that the hype has settled? Did B2B startups fare better? Where are the real innovations happening? Which segments have proven to be most resilient?
By Ravi Srivastava, Partner & Head of Research, Bay Capital
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3:30 PM – 3:50 PM
Fireside Chat: How to expand the scope of Domestic Capital
What can regulators do to allow more investments from Insurers, Banks, HNIs and other local institutions? Does the budget help with the rise of domestic LPs?
Jaideep Mehta, Managing Partner, IAN Alpha Fund in conversation with K.I.Mani, Sr. Advisor, TVS Capital
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3:50 PM – 4:10 PM
Fireside: How are angel investors and seed funds identifying future opportunities?
We’ve seen a surge of startup founders turning into angel investors, either on their own or through angel networks or their family offices. Many startup founders have also become investors in specific sector funds. How is this shaping the future of the startup ecosystem?
Speaker:
Sneha Shanti kumar Shah, Senior Assistant Editor, VCCircle in conversation with Pranav Pai, Founding Partner, 3one4 Capital
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4:10 PM – 4:40 PM
Panel: Rise of family offices in India
The past two years have shown that domestic investors are much more resilient and here for the long run. What are family offices doing to build durable, sustainable institutions?
Speakers:
Dr. Aarti Gupta, CIO, DBR Ventures & Family Office of DM Gupta, Jagran Group
Ankit Bengani, Principal & Director, Marwar Capital
Rishi Khanna, MD, Trimaster Holdings & Chairman, TreeForest InvestmentsModerator: Jaideep Mehta, Managing Partner, IAN Alpha Fund
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4:40 PM – Onwards
End of Conference
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6:00 PM – Onwards
Awards
LPs Attending This Year

Evolvence India Fund

National Investment and Infrastructure Fund

Catamaran

Portfolio Advisors

International Finance Corporation

DBR Ventures

DSP Investments

Marwar Capital

British International Investment

Dinesh Hinduja Family Office

Trimaster Holdings

Sharrp Ventures

Nippon India Alternative Investments

Capria Ventures
Speakers 2023
Ajit Kumar
Managing Partner, Evolvence India FundAnjali Bansal
Founding Partner, Avaana CapitalAnkit Bengani
Principal & Director, Marwar CapitalAnshu Gupta
Partner (Investments), C4D PartnersDr. Aarti Gupta
CIO, DBR Ventures & Family Office of DM Gupta, Jagran GroupAnand Unnikrishnan
Managing Partner- Fund of Funds, National Investment and Infrastructure Fund (NIIF)Aparna Mangla
Investments, Private Equity Funds Asia, British International Investments (BII)Ashish Kumar
Co-Founder and GP, Fundamentum PartnershipAshwin Damera
CEO, Eruditus & EmeritusBeena Parmar
Assistant Editor, VCCircle (Moderator)Dave Richards
Co-Founder & Managing Partner, Capria VenturesDeepak Padaki
President, CatamaranJai Rupani
Chief Investment Officer, Dinesh Hinduja Family OfficeJaideep Mehta
Managing Partner, IAN Alpha Fund (Moderator)Karthik Prabhakar
Managing Partner, PeerCapitalK.I.Mani
Sr. Advisor, TVS Capital FundsNeha Grover
South Asia Lead, Private Equity, International Finance CorporationPranav Pai
Founding Partner, 3one4 CapitalRadhika Rajan
Executive Vice President, DSP InvestmentsRaj Pai
Founder/Managing Partner - South Asia, GEF Capital PartnersRanjani Raghavan
Associate Editor, VCCircle (Moderator)Ravi Srivastava
Partner & Head of Research, Bay Capital Investment Advisors Pvt. Ltd.Ranjit Shah
Co-founder & Managing Partner, Gaja CapitalRishi Khanna
MD, Trimaster Holdings & Chairman, TreeForest InvestmentsSachin Bid
Fund Manager, Venture Capital, Nippon Life India AIF Management LimitedShivani Bhasin Sachdeva
Founder & CEO, India AlternativesShalil Gupta
Business Head, Mint & Mosaic DigitalSneha Shanti kumar Shah
Senior Assistant Editor, VCCircle (Moderator)Visalakshi Chandramouli
Founding member, Tata Capital Healthcare FundWeibo Xiong
Senior Vice President, Portfolio AdvisorsOur Sponsors & Partners
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