India’s internet entrepreneurs are on their way to make more unicorns
On Thursday, TiE Delhi-NCR hosted the 8th annual India Internet Day (iDay). It is India’s largest conference for Indian Internet entrepreneurs. Following the theme ‘India Internet Unboxed: Getting ready for a 100 Unicorns’, the conference saw India’s top entrepreneurs sitting alongside many new entrepreneurs those who want to get in the game. It also saw the top names from the Chinese start-up ecosystem, all gather under one roof. iDay 2019 was sponsored by Microsoft India, Avendus Capital, and several key partners.
Almost over 1000 delegates registered themselves for the event which included several start-ups, top unicorns, industry leaders, investors, mentors, policy-makers, and other key stakeholders. Leading Chinese VCs were invited to iDay 2019 to shed light on the start-up landscape in China. The speakers included Hans Tung, Partner-GGVC, the investor associated with 14 unicorns, Helen Wong, Partner- Qiming Venture, and Yun Lou, Founder & CEO – Club factory.
“9/10 top apps on Google Play store will be from India within the next 5-10 years,” said Hans Tung, Partner, GGVC.
“The focus of today’s event is to encourage and help innovative internet-centric start-ups in learning how to unbox the full potential of their ambitious ventures.” Said Rajan Anandan, President – TiE Delhi-NCR speaking on the event.
iDay 2109 started with a welcome address by Rajesh Sawhney, Co-founder & CEO of InnerChef. The event commenced in a full swing with the opening keynote by Vijay Shekhar Sharma, Founder & CEO – Paytm. “India is among the ‘first world’ as far as investment in start-ups is concerned,” he said.
“India is finally going beyond the 3Ms: male, metros & millennials and using the 3Vs to do so: voice, video & vernacular,” said Kalahari Capital – Co-Chair for the event & Managing Director and Vani Kola the co-chair for the conference. In their speech, they highlighted the positive transformations in the country’s entrepreneurial landscape.
Six curated start-ups presented their unique products to a panel of investors as part of the Launchpad at iDay. iDay 2019 also provided a space to both industry leaders and emerging Indian internet entrepreneurs to get together and exchange insights and experiences over knowledge sharing & mentoring avenues like Power Breakfast with iDay committee members and leading investors, the FinTech Founders’ Lunch and the B2B Founders’ Lunch. A product workshop further demonstrated the benefits of powering product management with innovative strategies in driving the evolution of a start-up into a unicorn.
Unboxing Pivots and Pirouettes to Exits’ Kunal Shah, Founder & CEO, Cred urged aspiring entrepreneurs, “It’s not the storytelling but the clarity of thoughts that can make your start-up successful.”
The conference was concluded in an insightful keynote discussion about start-up valuations by Gaurav Deepak, Co-founder & Managing Director – Avendus. He said,” India has never been cheap. India values quality and market leaders along with entry at higher levels and higher exists. Once you build the market leader, ‘other’ disruptors lose stream.”