As India witnesses a flood of deal activity in the venture capital space, questions around sustainability and valuations have cropped up. A heated panel discussion on the state of venture capital investing in the country on the final day of the VCCircle India Limited Partners Summit 2016 brought out various possible solutions to create a sustainable growth model in the VC space.
The panel was moderated by Deepak Shahdadpuri, founder and managing director, DSG Consumer Partner. Other panelists included Sasha Mirchandani, founder and managing partner at Kae Capital; Vineet Chadha, partner at Tata Capital Innovations Fund; Sandeep Murthy, partner at Lightbox Ventures; and Rehan Yar Khan, general partner and founder at Orios Venture Partners.
Fund managers warned investors to take up VC-style of investments only if they had the stomach to patiently wait for long periods of time for returns. “People need to realise that VC investing is much more intense. To get those kinds of metrics is not easy,” said Chadha of Tata Capital. Murthy of Lightbox concurred, saying: “You have to have a stomach to do early-stage growth-style deals. You need passion to be in this game.”
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