Overview
Shouldering The Innovation Agenda Of The Nation
Being the world’s sixth-biggest economy, India has the 3rd largest startup ecosystem in the world. India is minting start-up unicorns at a record pace. In the period from 2015 to 2021 there has been:
- 9X increase in the number of investors
- 7X increase in the total funding of startups
- 7X increase in the number of incubators
2021 has been recognised as the ‘year of unicorns,’ with 40+ unicorns added in the year. The year also witnessed more than 2,250 start-ups, over 600 more than 2020. Innovation is forging the future. It’s the moment of truth: innovation has sustained us through the pandemic and is now redefining how we work, live, and interact. India ranks #2nd in innovation quality with top positions in the quality of scientific publications and the quality of its universities among middle-income economies. The innovation in India is not just limited to certain sectors. We have recognized startups solving problems in 56 diverse industrial sectors with 13% from IT services, 9% healthcare and life sciences, 7% education, 5% professional and commercial services, 5% agriculture and 4% food & beverages. These new leaders are—ICONS, turning into UNICORNS.
2022 demands the need for a different path to light. Innovation that not just fix the business but also upend convention and craft a new vision for the future. The commitment now is to develop a culture of innovation and entrepreneurship in every nook and corner of India.
The investment ecosystem has systematically helped in crafting the start-ups focus on innovation that helped script their success story. While innovation has always been pivotal for higher productivity and economic growth, it is also crucial for bolstering a post-crisis economy.
The Indian start-up ecosystem has taken the lead in mobilising resources to battle the ongoing Covid-19 crisis. Thanks to their unique business models and product offerings, these start-ups are making a strong foothold in the market. By 2025, the Indian start-up ecosystem is expected to have 37,000 tech start-ups, and 180-200 unicorns with a cumulative valuation of $600-700 billion. Current valuation = $320-330 billion.
Agenda
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11:30 AM – Onwards
Registration
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12:00 PM – 2:00 PM
Investor Lounge & Lunch
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2:00 PM – 2:10 PM
Welcome: Introductions and Context Setting
By Leslie D'Monte, Executive Editor, VCCircle
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2:10 PM – 2:25 PM
Opening Keynote
By Amitabh Kant, CEO, NITI Aayog
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2:25 PM – 2:50 PM
Keynote Address
By Shalil Gupta, CBO, Mosaic Digital
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2:50 PM – 3:20 PM
Panel 1: Global Expansion - A Wild-Goose Chase or Up for Grabs
According to an estimate by OECD (Organisation for Economic Co-operation and Development), more than 50% of the global startups internationalize within the very first year. In case of developed economies, such as the Western European countries, over 80% of startups internationalize in the first three years. As per a survey by TurningIdeas Ventures over 42% of start-ups are looking to expand and tap into the global markets in 2022.
This need establishes the importance of working together and developing partnerships between the start-up, investor community, and the technology partners. Technology has become a core enabler to mitigate the two-fold challenge of optimizing between the pressures to lower costs while facilitating enough local adaption in varying geographies.
Speakers-
Padmaja Ruparel, Co-Founder, Indian Angel Network
Gautam Kapoor, Co-Founder, Shiprocket
Bhawna Agarwal, Country Head - Strategy & Growth, Hewlett Packard EnterpriseModerator:-
Jaideep Mehta, CEO, Mosaic Digital & Head - Mint
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3:20 PM – 3:40 PM
Fireside Chat: Policy Frameworks Aimed at Facilitating Start-Ups
Post pandemic, the focus for India is to strengthen the digital infrastructure within critical sectors such as healthcare and education, alongside ensuring employment generation in manufacturing and infrastructure. The Indian start-up ecosystem must develop solutions that allow businesses in these key sectors to achieve the goals of national importance.
To further aid small businesses and empower entrepreneurs, the government should introduce additional start-up-friendly policies and tax relaxations to enable spending on innovations, ease doing business, and reduce compliance costs. Further start-ups are demanding the government focuses on policies that will create a level playing field for both online and offline sellers.
Ranjani Raghavan, Associate Editor, VCCircle in conversation with Shruti Singh, Joint Secretary, DPIIT (Department for Promotion of Industry and Internal Trade), Ministry of Commerce & Industry
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3:40 PM – 4:15 PM
Mashup: India Offering a Palette of Consumers - Opportunities Galore
India is one of the fastest-growing economies in the world with the world’s third-largest start-up ecosystem. In 2021, Indian start-ups raised $38 billion, 3x of 2020 ($11.1 billion). It is also one of the most diverse, with many regional, spiritual and cultural nuances. Over the coming years, the confluence of robust economic growth, a vibrant consumption landscape, greater connectedness, and key social reforms has created a massive opportunity to advance inclusive and responsible consumption for decades to come.
However the very same diversity also makes India a very tough market. Thus pushing the agenda of innovation even further. According to the BCG report, the pandemic proliferated 4 categories of behavioural changes namely “accelerating behaviours,” “sustained momentum behaviours,” “sensitive behaviours,” and “transient behavioural changes." which have further accentuated the opportunity avenues as well as making it even more demanding at the same time, for the start-up ecosystem to capitalize on.
3:40 – 3:55 PM
Keynote on India Offering a Palette of Consumers - Opportunities GaloreBy Abheek Singhi, Managing Director & Senior Partner, BCG
3:55 - 4:15 PM
Fireside chat on India Offering a Palette of Consumers - Opportunities GaloreAbheek Singhi, Managing Director & Senior Partner, BCG in conversation with Kamal Kashyap, Director, Data management, HPE India
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4:15 PM – 4:30 PM
Networking Break
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4:30 PM – 5:00 PM
Panel 2: Challenge of Scaling in the Times of Talent Scarcity
Building an innovative company designed to operate across multiple geographies is no easy feat, especially with talent wars at an all-time high and pay packages are going through the roof. Like any other business skill, recruitment takes understanding and experience to get right, but the hiring process can be lengthy - anything from about 19 hours for design/creative roles to 30 for IT posts. Get it wrong and it all adds up to a colossal waste of time.Further in the race to scale companies need to optimise their resource cost. Hence, it requires partnerships, vision, and most importantly, a culture that encourages an entrepreneurial spirit; and the ability to attract & retain talent. So what can scaling leaders do to prepare?
Speakers-
Arjun Mohan, CEO, upGrad
Bipin Preet Singh, Co-Founder, MD and CEO, MobiKwikModerator:-
Shalil Gupta, CBO, Mosaic Digital
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5:00 PM – 5:15 PM
Fireside Chat: Treading the Pitfalls of Driving Value for Both Start-Ups and Limited Partner's
India is receiving investment from venture capital firms from around the world. The country is also becoming a more preferred destination than China thanks to its buoyant public markets and the rapid adoption of online services in the aftermath of the Covid-19 pandemic. However it also creates a fiercely competitive environment. Every VC is wanting to land the next big unicorn.
With an industry standard of three out of four venture-backed companies failing the stakes are very high. Further we have all lived the era of the dotcom bubble, hence one needs to be cognizant of other success metrices other than just valuation. What's the blueprint of the future for VC's to avoid pitfalls?
Leslie D'Monte, Executive Editor, VCCircle in conversation with Nupur Garg, Founder, WinPE
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5:15 PM – 5:30 PM
Fireside Chat: Starting-Up with ESG in the DNA
2021 was a record year for investment capital directed towards climate change, environmental issues and sustainable investing across the globe. Over $100 billion was estimated to be flowed into sustainable investments, which in fact, is more than double the $50 billion investment in ESG in 2020. The global annual cash flow into sustainable investing has grown ten folds since 2018.
However, a particular segment of investors is skeptical of the possibility of “Greenwashing”. There has been an investor tendency of over-evaluating certain ESG companies and conveying a false impression.
The question remains – is ESG investing in India really an absolute indication of how sustainable investing is not just reserved for the morally motivated anymore—it makes financial sense, too?
Sumedha Bose, Assistant General Manager - Research and Solutions, Mosaic Digital in conversation with Mr. Rajan Singla, Sales Director, Enterprise GTM, HPE Financial Services.
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5:30 PM – 6:15 PM
Networking Break
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6:15 PM – 8:00 PM
Awards
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8:00 PM – 10:00 PM
Cocktail and Dinner
Investor Lounge
Abhishek Mohan
Principal, Sequoia CapitalAbhishek Gupta
Partner, Trifecta CapitalAjay Mahipal
Director, HealthQuad Capital Advisors Private LimitedArpit Agarwal
Director, Investment Team, Blume VenturesIshpreet Gandhi
Founder and Managing Partner, Stride VenturesKaran Mohla
Partner, B Capital GroupKunal Khattar
Founding Partner, Advantedge CapitalNupur Garg
Founder, WinPEPadmaja Ruparel
Co-Founder, Indian Angel NetworkSanjeev Aggarwal
Founder & Senior Managing Director, Helion VCSateesh Andra
Managing Director, Endiya PartnersShraeyansh Thakur
Principal, Sequoia CapitalSunil Kumar Goyal
Founder, Chief Executive Officer, and Managing Director, YourNest Capital Advisors Pvt. Ltd.Speakers 2022
Abheek Singhi
Managing Director & Senior Partner, BCGAmitabh Kant
Chief Executive Officer, NITI AayogArjun Mohan
CEO, upGradBhawna Agarwal
Country Head - Strategy & Growth, Hewlett Packard EnterpriseBipin Preet Singh
Co-Founder, MD and CEO, MobiKwikGautam Kapoor
Co-Founder, ShiprocketJaideep Mehta
CEO, Mosaic Digital & Head - Mint (Moderator)Kamal Kashyap
Director, Data management, HPE IndiaLeslie D'Monte
Executive Editor, VCCircle (Moderator)Nupur Garg
Founder, WinPEPadmaja Ruparel
Co-Founder, Indian Angel NetworkRajan Singla
Sales Director, Enterprise GTM, HPE Financial ServicesRanjani Raghavan
Associate Editor, VCCircle (Moderator)Shalil Gupta
CBO, Mosaic Digital (Moderator)Shruti Singh
Joint Secretary, DPIIT (Department for Promotion of Industry and Internal Trade), Ministry of Commerce & IndustrySumedha Bose
Assistant General Manager - Research and Solutions, Mosaic DigitalICONs 2022
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