Sramana Mitra: In a cyber security startup, I don’t think anybody other than the founder who’s the product visionary can close those deals with the first few customers. Only a founder who has deep enough knowledge of the product and space can position on the fly.
Let’s talk about a couple more case studies of companies that you’ve invested in that you’re particularly excited about. What do we learn from that? What do we learn about trends? In the enterprise, where are we going?
>>>Sramana Mitra: Do you want to do another example?
Ashish Jain: Let’s take one from India. I would not even call it emerging anymore. India is going through Innovation 3.0. 1.0 was around business process outsourcing. 2.0 was around IT services companies.
These founders are looking beyond replicating. They are looking into supply chain, platforms for IoT, automation. Arzooo is one of them. They are ex-Flipkart employees. They saw an opportunity to digitalize the supply chain for B2B retail. They are executing it perfectly.
>>>In case you missed it, you can listen to the recording here:
Deepak Jeevankumar: The first question we ask is a market question. Are you part of the future of the world’s story? Future means growth. For example, I think the future is multi-cloud which includes hybrid cloud.
We like startups that have strong multi-cloud or hybrid philosophies. Then how are you securing some of these changes happening with new hardware and new cloud? That’s a cyber security thesis.
>>>Sramana Mitra: What kinds of ventures do you think you add the most value to and, hence, what are you looking to invest in?
Ashish Jain: We are a technology firm. We are lovers of technology. We invest in three broad descriptive areas. One is exceptional founders and companies related to the future of work.
As we know, the workforce is changing all the way from HR practices and coaching. We are investing a lot in the future of work. The second one is around industry 4.0. That’s a white space. Industrial IoT is part of it. Also, supply chain, logistics, digitization, automation.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Ashish Jain was recorded in February 2020.
Ashish Jain, Partner at 3Lines Ventures, discusses his firm’s investment hypothesis.
Sramana Mitra: Let’s get you introduced to our audience. Tell us a little bit about yourself and 3Lines.
>>>Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Deepak Jeevankumar was recorded in February 2020.
Deepak Jeevankumar, Managing Director at Dell Technologies Capital, discusses his fund’s focus and preferences.
>>>Sramana Mitra: How many entrepreneurs are operating in Nigeria right now?
Osayi Igharo: That’s hard to estimate.
Sramana Mitra: Just to give you a proxy, India is a country with 1.3 billion people. I think there are more than 10,000 startups in the country right now. It’s not easy to get to those numbers.
>>>