Sramana Mitra: What are some examples of really good companies that are focused on that segment?
Chandrashekar Kupperi: There is a company which is into chocolates. They chose tier 3 and tier 4 markets because you have the big companies in tier 1 and tier 2. What this has done is has led to the increased wallet size. Another thing they’ve realized is there are certain pockets with the ability to spend. You can even have product ranges with some premium launches.>>>
Sramana Mitra: Do you want to act as a feeder into these humongous rounds? Small funds like yours get diluted heavily. The game that the Tiger’s and Softbank’s are playing is putting in huge amounts of money in the later rounds.
Some of the smaller funds that we have brought in say is it’s not so easy to play that game. You can’t really do pro rata at those levels. Let’s say a large Series C comes in. The small funds take an exit. How are you processing this dynamic of very large funding rounds downstream?>>>
Sramana Mitra: Let’s go to a few examples of companies that you’ve invested in within the tech-enabled field.
Chandrashekar Kupperi: The first is an EdTech company. This is a startup that helps students or professionals connect with the right mentors. It all happens via AI. It ensures that any follow-on support is given.>>>
Chandrashekar Kupperi is General Partner at Peaceful Progress Fund, an angel fund in India. We have some very interesting discussions on consumer startups in India, especially the ones targeting lower economic strata consumers.
Sramana Mitra: Tell us a bit about your background as well as what you’re doing with Peaceful Progress Fund.>>>
In case you missed it, you can listen to the recording here:
During this week’s roundtable, we had as our guest Anup Jain, Managing Partner at Orios
Venture Partners, discussing the Indian startup ecosystem and its trends and nuances.
You can listen to the recording of this roundtable here:
Evan Zimmerman, Chairman of Jovono, discusses his fund’s investment philosophy, especially around pre-seed and seed.
In case you missed it, you can listen to the recording of this roundtable here: