NEW DELHI: According to Sanjay Mehta, founder and partner of 100X.VC, people in India are viewing start-ups and modern technology companies through a different perspective. Mehta noted during a speech at the BT Market Today Summit that reality shows like Shark Tank India are as popular as the IPL (Indian Premier League). Additionally, he stated that start-ups in the gaming industry, generative AI, and electric vehicles (EVs) would lead the way.
“India is the place to go if you’re investing for the long haul. We pick things up pretty quickly “Mehta continued.
Manisha Girotra, CEO of Moelis India, shared her thoughts on funding winter and stated that this is likely the final leg of funding winter since many headwinds may soon ease. According to Girotra, the second half will see an increase in capital due to inflation and increasing rural demand.
She added that investors are once again pursuing cash flows now that the valuation mania has passed.
Those with more robust business models would prevail, according to Girotra. She referred to the post-Covid euphoria as having “irrational exuberance and free money swimming around.”
The head of Moelis India further emphasised that not many countries provide the simple liquidity exits that India does.
“Since exiting is no longer a worry, private equity (PE) funds have a lot more exit options, which has made the IPO market lukewarm. You must develop valuations supported by EBITDA “Girotra declared.
She also emphasised how, despite a considerably slower global trend, PE-VC investment reached $65 billion in 2021 and $45 billion in 2022. Girotra continued, “We are sure that PE-VC investments would continue.
Mehta of 100X.VC commented on bitcoin legislation and said, “More than ever, the crypto market needs regulation. A custodian would have prevented the FTX scandal from occurring.”
Today in Mumbai at the St. Regis, Business Today is holding its first-ever Market Summit. Market experts would analyse the direction of benchmark and sectoral indexes as well as the outlook for the current year at the one-day event.
Top investors, practitioners, policymakers, international experts, corporate titans, and other participants from the Indian capital market ecosystem will gather in Mumbai for the BT Market Today Summit. The summit would allow speakers to share their distinctive experiences and views while examining significant trends and obstacles that could assist the capital market contribute more to India’s growth.
