The 5th edition of LetsIgnite concluded last weekend on 7 July and we can’t be happier with the execution and participation. To start with, here are the key highlights from the event:
170+ Investors and Institutions attended the event.
17 Startups from sectors like Robotics, Space Technology, Nanotech, Healthcare, Vernacular and others – pitched at the event.
10+ Media Partners, Live coverage on CNBC, Times of India, Economic Times, and other online media like YourStory, Inc42 and others.
By Shanti Mohan, CEO and Co-Founder, LetsVenture
The event started with a welcome note by the Co-Founder and CEO of LetsVenture, Ms. Shanti Mohan. She set the tone for the day long conference and highlighted the key achievements of LetsVenture over the last 5 years. Shanti also said the the next 5 years in the Indian Startup ecosystem are going to be the defining years as now startups as an asset class have finally arrived in India.
LetsVenture, in the 5 years of its operations have enabled 162 funding rounds with a total of $65 Mn being raised. To access the complete Keynote and know more about LetsVenture, Watch this video!
Angel Investing Masterclass
By Dev Khare, Partner at Lightspeed, and Anand Lunia, Partner at IndiaQuotient
Angel Investing Masterclass has been our signature session since the inception of LetsIgnite. Investors who are new to the ecosystem find this session of utmost value as they get to learn the science behind Angel Investing from some of the masters in this industry. This time, we invited Dev Khare and Anand Lunia to lead this masterclass and they held the stage for 75 minutes.
Dev and Anand structured the masterclass in the form of 10 key topics – Portfolio Construction, Founding team, Market, Model, Deal Negotiation, Co-Investors, Staying in Sync with Founders, Exit Negotiation, Crucial Relationships for Angel Investors, and Currently Active Themes.
Dev and Anand took an highly engaging masterclass in which they shared that an investor needs to do a lot of stuff hands-on and come out of their comfort zone. It is important to talk to other angels and discuss valuations when discussing deal negotiations.
We have uploaded the complete Angel Investing Masterclass on our LetsIgnite Playlist here!
New Age of Hardware Startups
By K Srinivasan, Swapna Gupta and Vishesh Rajaram
From the 18 Hardware Unicorns that we can count today, ⅔ are from China. But India has finally made its entry into this sector with some of the notable startups in IoT, Clean Energy, Robotics and other domains.
Our panelists, K Srinivasan from Allgovision, Swapna Gupta from Qualcomm and Vishesh Rajaram from Speciale Invest, discussed what can make Hardware thrive in India and what are some of the key challenges that need to be addressed.
Among other important issues, they also talk about exits in Hardware startups. We discussed that it has to be a mass market consumer thing before you can get an exit from a B2C hardware company, while B2B is opportunistic and exits for B2B Hardware companies largely depends on when someone sees value in it. Watch the whole discussion here.
The Rise of Vernacular and Video
By Amit Gupta, Retesh Gondal and Shailesh Lakhani
India has 1600 dialects, 30 languages, Constitution recognizes 22 languages with a million+ users for each language. 54 crore people by 2021 will account for 75% of India’s Internet population. 9 out of 10 new internet users until 2024 will be an Indian language user. Tier 2 and Tier 3 cities are driving the demand for vernacular content.
Amit Gupta and Retesh Gondal from Asianet news participate in this presentation along with Shailesh Lakhani from Sequoia Capital.
Shailesh discusses that Content distribution vertical among content creation, technology and distribution is what is drawing more money in the ecosystem today with Amazon Prime, Netflix and Star driving this. The complete discussion is now available here!
By Binny Bansal and Subrata Mitra
We invited Binny Bansal, Group CEO of Flipkart and Subrata Mitra, the man who wrote the 1st Million $ cheque in Flipkart, for a fireside chat at LetsIgnite Bangalore. Binny discussed how Sachin and he built Flipkart from a Comparison Engine company to an e-commerce giant that it is today.
In this most awaited conversation of the day, Binny shared his thoughts on setting the right culture for your company, enabling employees to be decision makers and getting the right mix of people to run a company. He also discussed Flipkart’s acquisition strategy and how they looked at the market, the thought process behind acquiring Myntra.