This document provides an overview of investing opportunities in emerging markets, with a focus on India. Some key points:
- India has an attractive economic and demographic profile, with high GDP growth, a large and growing population, and rising middle class consumption expected to drive future growth.
- Internet and mobile penetration are still low but growing rapidly, presenting significant opportunities in technology sectors. 3G and 4G adoption is a key growth driver being supported by increasing smartphone usage.
- While there are some concerns around currency volatility and political uncertainty, growth is still projected to be between 5-6% annually and could be higher if reforms are implemented.
- Most venture capital funds in India have moved upstream into later stages
Research Project Report on Growth of Venture Capital Finance in India and Rol...Piyush Gupta
The research project report “Growth of Venture Capital Finance in India and role of Business Confidence Index” is undertaken as a part of MBA curriculum at Kurukshetra University. Venture Capital Finance is a mode of financing a high risk and new business ventures and is no more in the dormant stage in India.
The academic research study has been undertaken in order to know the current scenario of venture capital finance in India and to predict it near future rate of growth. The report also lookouts for market share of different economic sectors in terms of Venture Capital Investments and analyses growth of venture capital investment in these sectors.
The research project report further analyse whether values of Business Confidence Index can predict growth rate of Venture Capital Investments. For this reason Business Confidence Index by Confederation of Indian Industry (CII) has been used.
The report starts with Introduction to the topic i.e. Venture Capital Financing. It then throws light of this Industry in India. The report than provides objectives of this project, reviews of literature done and Research methodology used. It then provides details of Analysis and Interpretation followed by findings and conclusion.
A Report On The Financial Analysis Of Hindustan Unilever Limited (HUL)Navitha Pereira
Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods company with a heritage of over 80 years in India. On any given day, nine out of ten Indian households use their products. In this report we do financial analysis of Balance Sheets and Profit & Loss A/Cs of the company. We also analyze the impact of demonetization and GST on the company and also look at the FMCG sector as a whole.
Research Project Report on Growth of Venture Capital Finance in India and Rol...Piyush Gupta
The research project report “Growth of Venture Capital Finance in India and role of Business Confidence Index” is undertaken as a part of MBA curriculum at Kurukshetra University. Venture Capital Finance is a mode of financing a high risk and new business ventures and is no more in the dormant stage in India.
The academic research study has been undertaken in order to know the current scenario of venture capital finance in India and to predict it near future rate of growth. The report also lookouts for market share of different economic sectors in terms of Venture Capital Investments and analyses growth of venture capital investment in these sectors.
The research project report further analyse whether values of Business Confidence Index can predict growth rate of Venture Capital Investments. For this reason Business Confidence Index by Confederation of Indian Industry (CII) has been used.
The report starts with Introduction to the topic i.e. Venture Capital Financing. It then throws light of this Industry in India. The report than provides objectives of this project, reviews of literature done and Research methodology used. It then provides details of Analysis and Interpretation followed by findings and conclusion.
A Report On The Financial Analysis Of Hindustan Unilever Limited (HUL)Navitha Pereira
Hindustan Unilever Limited (HUL) is India's largest Fast Moving Consumer Goods company with a heritage of over 80 years in India. On any given day, nine out of ten Indian households use their products. In this report we do financial analysis of Balance Sheets and Profit & Loss A/Cs of the company. We also analyze the impact of demonetization and GST on the company and also look at the FMCG sector as a whole.
100 marks topics for banking and insurance projectsbanking-insurance
Complete topics for 100 marks project for banking and insurance
http://www.managementparadise.com/forums/banking-insurance-final-100-marks-projects/16283-topics-100-marks-project-banking-insurance.html
Financial Institutions need a strategy to help maximize their level of resilience and prepare for any macroeconomic and financial scenario amid the COVID-19 crisis.
In our view, it is critical for Financial Institutions to take specific steps both for the short term and the medium term. In this White Paper we have identified ten key action points to be addressed.
This assignment is done by the students of Shaheed Bhagat Singh College,UNIVERSITY OF DELHI.
The Rise and Fall of Chanda kochhar is all about the story of struggle for the top and fall from the grace.
It cover the several dimensions which reflects the human nature of desire and greed.
Consists the series of events happened and the gist of fraudulent occurs in one of the India's largest bank.
Traditionally, wealth management services were the preserve for the very rich, which needed help to manage substantial sums of money. Wealth management is both an art and science. It involves understanding the investor very well.
However, the World Wide Web has opened up the world of financial management to a much wider audience and one doesn’t have to be a millionaire to take advantage of these sorts of services. Other than managing stocks and shares portfolio, wealth manager can also help the investors to pick and choose between different collective funds in which they may be interested. He can also help the investor in selecting from a range of wealth management plans, tailor-made to the needs and criteria of specific individuals.
A wealth manager should be able to help investors to unlock money in current investment in assets, continually monitoring the breadth and direction of the markets to make quicker adjustments in investment portfolio. Some wealth managers also provide online research tools, investment calculators and access to wealth management reports. Wealth management is all about managing investment returns and risks for well-endowed investors, both individual and institutions with investible funds. It requires the wealth manager to have in depth knowledge about financial markets, the instruments, the players, as well as the environment.
Thus project will study the Awareness of Wealth Management in Individuals
Yes Bank detailed presentation (2008 to 2019)ShubhamChugh9
The presentation is all about yes bank and describing its in depth details from year 2008 to 2019 and also its future prospects with all the major frauds and their NPAs details, along with this a questioner is also presented when we visited yes bank ltd.
also its balance sheet of year 2008 to 2019 is being discussed.
Stand Up India scheme was launched by Hon'ble PM Shri Narendra Modi on 5th April, 2016 at Noida, Uttar Pradesh. The scheme focuses on numerous benefits to first time entrepreneurs and SMEs of India. This PPT discusses about Stand Up India scheme and the key benefits.
100 marks topics for banking and insurance projectsbanking-insurance
Complete topics for 100 marks project for banking and insurance
http://www.managementparadise.com/forums/banking-insurance-final-100-marks-projects/16283-topics-100-marks-project-banking-insurance.html
Financial Institutions need a strategy to help maximize their level of resilience and prepare for any macroeconomic and financial scenario amid the COVID-19 crisis.
In our view, it is critical for Financial Institutions to take specific steps both for the short term and the medium term. In this White Paper we have identified ten key action points to be addressed.
This assignment is done by the students of Shaheed Bhagat Singh College,UNIVERSITY OF DELHI.
The Rise and Fall of Chanda kochhar is all about the story of struggle for the top and fall from the grace.
It cover the several dimensions which reflects the human nature of desire and greed.
Consists the series of events happened and the gist of fraudulent occurs in one of the India's largest bank.
Traditionally, wealth management services were the preserve for the very rich, which needed help to manage substantial sums of money. Wealth management is both an art and science. It involves understanding the investor very well.
However, the World Wide Web has opened up the world of financial management to a much wider audience and one doesn’t have to be a millionaire to take advantage of these sorts of services. Other than managing stocks and shares portfolio, wealth manager can also help the investors to pick and choose between different collective funds in which they may be interested. He can also help the investor in selecting from a range of wealth management plans, tailor-made to the needs and criteria of specific individuals.
A wealth manager should be able to help investors to unlock money in current investment in assets, continually monitoring the breadth and direction of the markets to make quicker adjustments in investment portfolio. Some wealth managers also provide online research tools, investment calculators and access to wealth management reports. Wealth management is all about managing investment returns and risks for well-endowed investors, both individual and institutions with investible funds. It requires the wealth manager to have in depth knowledge about financial markets, the instruments, the players, as well as the environment.
Thus project will study the Awareness of Wealth Management in Individuals
Yes Bank detailed presentation (2008 to 2019)ShubhamChugh9
The presentation is all about yes bank and describing its in depth details from year 2008 to 2019 and also its future prospects with all the major frauds and their NPAs details, along with this a questioner is also presented when we visited yes bank ltd.
also its balance sheet of year 2008 to 2019 is being discussed.
Stand Up India scheme was launched by Hon'ble PM Shri Narendra Modi on 5th April, 2016 at Noida, Uttar Pradesh. The scheme focuses on numerous benefits to first time entrepreneurs and SMEs of India. This PPT discusses about Stand Up India scheme and the key benefits.
SE Asia - The most attractive opportunity in the booming Asian Tech LandscapeJungle Ventures
In this slideshow, we look at the key ingredients which make for good venture ecosystems, and find that South East Asia scores impressively on all fundamental factors, higher than India in almost all categories and even better than China in a few.
We take a deeper look at various data points including addressable population, spending power, infrastructure, technology adoption and usage, business and startup ecosystem quality. Our inference as a result of all these data points is that SE Asian markets present a tremendous opportunity for startups led value creation.
We conclude that there is an extra ordinary opportunity for VCs to back the leading Founders in SE Asia. Given the strong fundamentals, better consumer demographics, the funding gap and the presence of only few local and active VCs, SE Asia presents very attractive dynamics for Venture Capitalists (lower competition for companies and VCs, rational entry valuations, favourable deal timelines, founders’ focus on limited cash burn).
Global Technology Trends & Startup Hubs 2014Bernard Moon
Provides an overview of general technology and startup trends around the world. Snapshots of Silicon Valley, NYC, London, Stockholm, Berlin, Tel Aviv, Beijing and Seoul.
Details the rise, fall and rise of the venture capital industry in the USA, the consequent implications on the environment Asia finds itself in, with the opportunity presenting itself.
LightCastle takes a look at the role of NGOs/NPOs in Impact Investment and how they can make a change in the journey of budding SMEs and small businesses.
apidays London 2022 - From Open Banking to Embedded Banking, Simon Torrance, ...apidays
apidays London 2022 - The Path from Open Banking to Embedded Finance
October 26 & 27, 2022
From Open Banking to Embedded Banking
Simon Torrance, Founder & CEO, Embedded Finance & Super App Strategies
------
Check out our conferences at https://www.apidays.global/
Do you want to sponsor or talk at one of our conferences?
https://apidays.typeform.com/to/ILJeAaV8
Learn more on APIscene, the global media made by the community for the community:
https://www.apiscene.io
Explore the API ecosystem with the API Landscape:
https://apilandscape.apiscene.io/
Deep dive into the API industry with our reports:
https://www.apidays.global/industry-reports/
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Jai Saxena, from ERNST & YOUNG gives an analysts perspective on how to Build Businesses in a Meltdown.
Jai presents as part of the "Surviving and Winning in a Downturn" a one day conference by TiE Internet SiG, Delhi.
To catch all the action from the event, visit www.omshare.com (India's first Online Platform for taking Events and Conferences Global) - an Initiative by OMLogic
D2C Insider - Startify , Gateway to Middle East.pptxD2C Insider
A power packed session organised by D2C Insider along with Startify to unlock the potential of Indian D2C brands for the middle east market.
The session began with Kshitij Ladia, founding member of D2C Insider to talk about D2C Insider and the vision behind creating this massive community of 3000+ founders and also lay down the foundation of D2C Insider Middle East Chapter.
Followed by Sudhir Syal, founder of Startify who has built large Indian brands like BookMyShow and Lenskart in UAE who took 150+ brand founders on an informative ride to building business in the Middle East followed by a QnA
Reach out to d2cinsider@gmail.com
Join the largest network of D2C brands & enablers in India
https://bit.ly/d2cinsider_registration
We're developing augmented reality software to help clinicians with pre-surgical planning by providing them with patient-specific, high fidelity 3D holograms that have been derived from the same data used to generate conventional CT scans and MRIs.
The Atlas is unlocking the $1.6 trillion local government market with a platform city officials use to build and buy better stuff more quickly...all without ever selling to cities.
AI to predict the risk of vehicle accidents using over 40 external factors including road and environmental conditions - for Usage Based Insurance and Safety usecases.
Pilota created AI algorithms that can predict flights at risk of disruption. They use this to proactively book travelers on a new flight for free during expected disruptions.
Esports is growing exponentially, but is still a highly fragmented industry. Juked is changing the game by creating the internet's first one-stop-destination for esports entertainment.
GamerzClass creates gaming masterclasses for all the biggest esport titles. Carefully designed with the best players in the world, they aspire to help gamers reach their maximum potential both in and outside of the game.
eino is a prediction platform; they help companies increase revenue in capital planning and supply chain management by analyzing possible future scenarios and determining prudent actions.
Bliinx aggregates business interactions between professionals and their contacts so that they can get up to speed on relationships without jumping through a bunch of platforms. They also generate company-wide relationship insights that boost business development initiatives and customer ROI.
SAP Sapphire 2024 - ASUG301 building better apps with SAP Fiori.pdfPeter Spielvogel
Building better applications for business users with SAP Fiori.
• What is SAP Fiori and why it matters to you
• How a better user experience drives measurable business benefits
• How to get started with SAP Fiori today
• How SAP Fiori elements accelerates application development
• How SAP Build Code includes SAP Fiori tools and other generative artificial intelligence capabilities
• How SAP Fiori paves the way for using AI in SAP apps
Smart TV Buyer Insights Survey 2024 by 91mobiles.pdf91mobiles
91mobiles recently conducted a Smart TV Buyer Insights Survey in which we asked over 3,000 respondents about the TV they own, aspects they look at on a new TV, and their TV buying preferences.
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
Key Trends Shaping the Future of Infrastructure.pdfCheryl Hung
Keynote at DIGIT West Expo, Glasgow on 29 May 2024.
Cheryl Hung, ochery.com
Sr Director, Infrastructure Ecosystem, Arm.
The key trends across hardware, cloud and open-source; exploring how these areas are likely to mature and develop over the short and long-term, and then considering how organisations can position themselves to adapt and thrive.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
LF Energy Webinar: Electrical Grid Modelling and Simulation Through PowSyBl -...DanBrown980551
Do you want to learn how to model and simulate an electrical network from scratch in under an hour?
Then welcome to this PowSyBl workshop, hosted by Rte, the French Transmission System Operator (TSO)!
During the webinar, you will discover the PowSyBl ecosystem as well as handle and study an electrical network through an interactive Python notebook.
PowSyBl is an open source project hosted by LF Energy, which offers a comprehensive set of features for electrical grid modelling and simulation. Among other advanced features, PowSyBl provides:
- A fully editable and extendable library for grid component modelling;
- Visualization tools to display your network;
- Grid simulation tools, such as power flows, security analyses (with or without remedial actions) and sensitivity analyses;
The framework is mostly written in Java, with a Python binding so that Python developers can access PowSyBl functionalities as well.
What you will learn during the webinar:
- For beginners: discover PowSyBl's functionalities through a quick general presentation and the notebook, without needing any expert coding skills;
- For advanced developers: master the skills to efficiently apply PowSyBl functionalities to your real-world scenarios.
Elevating Tactical DDD Patterns Through Object CalisthenicsDorra BARTAGUIZ
After immersing yourself in the blue book and its red counterpart, attending DDD-focused conferences, and applying tactical patterns, you're left with a crucial question: How do I ensure my design is effective? Tactical patterns within Domain-Driven Design (DDD) serve as guiding principles for creating clear and manageable domain models. However, achieving success with these patterns requires additional guidance. Interestingly, we've observed that a set of constraints initially designed for training purposes remarkably aligns with effective pattern implementation, offering a more ‘mechanical’ approach. Let's explore together how Object Calisthenics can elevate the design of your tactical DDD patterns, offering concrete help for those venturing into DDD for the first time!
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
3. China
India
ASEAN
US
EU
(2.0)%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5%
2012GDPGrowth
Population Growth (2012–14)
…is Expected to Propel Consumption to New
Heights
Source: The World Factbook and Economist Intelligence Unit.
High GDP Growth, With a 1.1 billion & Growing
Population…
India Continues to Have a Favourable Macro-Economic Profile
Bubble Size Current
Population
156
222
378
756
1556
0
200
400
600
800
1000
1200
1400
1600
1800
1985 1995 2005 2015F 2025F
AggregateConsumption
InUS$bn
Source: McKinsey Global Institute Consumer Demand
Aggregate
Consumption
to Quadruple
1,556
Calendar Year
FDI flows in India continue to remain strong
(US$ bn)
43
36
27
34
25
2008 2009 2010 2011 2012
Source: Economist Intelligence Unit.
Note: Figures in US$ bn
There are Concerns – but also Confidence
• Currency devaluation
• Political uncertainty given general
elections in 2014
• Lack of political consensus
• Uncertain tax environment
• That said, Growth projected to be 5-6%+,
and if the above concerns are alleviated
and a more investor-friendly Govt is in
Power, this could be higher
4. Attractive Economic & Demographic Trends…
2010 World Population
(mm of People)
Real GDP per Capita Growth
(2011 – 2020 CAGR)
Source: US Census Bureau (2010).
Total Population: 6.9 Billion People
6.6%
6.1%
4.1%
3.5%
2.1%
1.9%
1.4% 1.4%
1.1%
0.9%
China
India
Russia
Brazil
Germ
any
US
Japan
France
UK
Italy
Sources: The Economist Intelligence Unit, CIA Fact Book and Citi Investment Research as of March 2011.
China
18%
India (1.2 bn people)
17%
Africa
15%
North and Latin America
14%
Europe
8%
Indonesia
4%
Pakistan
3%
Asia (Other)
14%
Others
7%
Just this month (June 2013), Fitch upgraded
India’s Rating Outlook to Stable – driven by
Government steps to contain the deficit,
stabilize the rupee and other positive reform-
oriented actions
5. Attractive Economic & Demographic Trends (Cont’d)…
Projected Shift in Composition of World Economy
2010 / 2030E Global GDP Composition
Projected Evolution of the Global Economy
($ in trillion, purchasing power)(1)
Total
Emerging
Economies
70%
Developed
Economies
30%
Total
Emerging
Economies
52%
Developed
Economies
48%
C.E.E
4%
C.I.S
4%
Japan
6%
Aus & NZ
1%
Western
Europe
19%
North
America
22%
Africa
4%
Developing
Asia
27%
Latin
America
9%
Middle East
4%
Rank Country 2010
1 US $14.12
2 China 9.98
3 Japan 4.33
4 India 3.92
5 Germany 2.91
6 Russia 2.20
7 Brazil 2.16
8 UK 2.16
9 France 2.12
10 Italy 1.75
Rank Country 2030
1 China $38.49
2 US 24.62
3 India 23.27
4 Japan 5.55
5 Brazil 5.28
6 Russia 4.82
7 Indonesia 4.28
8 Germany 4.05
9 UK 3.67
10 Mexico 3.20
Developing Asia
27%
CEE
4%
CIS
4%
Latin America
9%
Middle East
4%
North America
22%
Western Europe
19%
Aus & NZ
1%
Japan
6%
Africa
4%
Developing Asia
44%
CEE
3%
CIS
4%
Latin America
8%
Middle East
4%
North America
15%
Western Europe
11%
Aus & NZ
1%
Japan
3% Africa
7%
Sources: The Economist Intelligence Unit, CIA Fact Book and Citi Investment Research as of March 2011.
(1) “PPP” stands for Purchasing Power Parity, which is a theory of long-term equilibrium exchange rates based on relative price levels of two countries; the purchasing power of different
currencies is equalized for a given basket of goods.
6. …Driven By Rising “Middle Class” and Domestic Consumption
87 109
158
220
290
350
590
650
1961 1971 1981 1991 2001 2010 2030E 2050E
India is One of the World’s Youngest Nations…
. . . With a Rapid Increase in Urbanization
(in millions)
… With the Most Diverse Society
2010A – 2030E CAGR: 2.6%
2030E – 2050E CAGR: 0.5%
64%
50%
26%
15%
31%
35%
40%
32%
4%
13%
25%
29%
6%
17%
3% 7%
1%
2%
1%
2000 2008 2020E 2030E
Annual Household Income (USD)
<$2,000 $2,000 - $5,000
$15,000-$25,000 >$25,000
$5,000 - $15,000
46% middle
class by 2030
0-4
11%
5-9
12%
10-14
12%
15-19
10%20-24
9%
25-44
27%
45-64
14%
80+
1%
65-79
4%
Over 300mm People Within
the Target Age Group
Ao
Assamese
Bengali
Gujarati
Hindi
Kannada
Konkani
Kashmiri
Khasi & Garo
Marathi
Manipuri
Malayalam
Mizo
Nissi/Daffia
Oriya
Punjabi
Tamil
Telegu
Jammu
&
Kashmir
Punjab
Haryana
Rajasthan Uttar Pradesh
Delhi
Uttaranchal
Bihar Assam
West Bengal
OrissaMaharashtra
Madhya Pradesh
Andhra Pradesh
Karnataka
Tamilnadu
Nepal
Bhutah
Arunachal Pradesh
Nagaland
Manipur
Mizoram
Chhattisgarh
Kerala
Mahe
(Pondicherry)
Gujarat
Himachal
Pradesh
Sikkim
Meghalaya
Bangladesh
Tripura
Andman & Nicobar Island
Jharkhand
Yanam (Pondicherry)
Karaikal (Pondicherry)
Pondicherry
(Puduchcherry)
A Growing Middle Class
Sources: Street Research, Mckinsey Estimates and The Economist Intelligence Unit
7. India is Among the Most Attractive Internet Markets Globally
Low Internet Penetration Presents Further Upside
Unique Internet users in India India: 2nd Largest Wireless Market Globally
Source: Internet World Stats, as of December 2011.
Internet Penetration (%), As on December 31, 2011
121
140
190
273
376
10.0%
12.4%
15.3%
21.7%
29.5%
2011 2012E 2013E 2014E 2015E
Unique Users (mm) % Penetration
(Wireless subscribers as of December 2011, in millions)
245 61 79 513 2,267 1,016 121
# of Internet
Users (mm)
78%
44%
39% 38%
33%
26%
10%
US Russia Brazil China World Asia India
984.1
893.8
333.4
246.4 242.5 216.8
125.6
China India USA Brazil Indonesia Russia Japan
Source: WCIS and TRAISource: Street Research
8. Rapidly Growing Smart Phone Penetration
Smart Phone % of all Cell Phones
Source: TomiAhonen Consulting Analysis December 2011, Citi Investment Research and
Analysis.
Active Internet Enabled Smart Phones(1)
Source: KPMG in India Analysis.
10
24
58
105
166
264
0
50
100
150
200
250
300
2011 2012P 2013P 2014P 2015P 2016P
(Millions)
60
107
26
10
2012E 2013E 2014E 2015E
Early 3G numbers are encouraging and point to medium-term upside
Analysts project a c.8% 3G penetration by 2015, which we believe is
conservative
1% 2% 8%5%Penetration
3G / 4G Adoption a Key Growth Driver…
(2)
…Supported by Increasing Smart Phone
Penetration
(Subscriber base in mm)
8%
12%
14%
15%
2012E 2013E 2014E 2015E
0%
10%
20%
30%
40%
50%
60%
Singapore
US
Australia
SouthKorea
UK
France
Israel
Germany
SouthAfrica
Malaysia
Japan
China
India
(%ofCellPhonesthat
areSmartphones)
Source: Analysys Mason, IDC
Notes: (1) Includes Wi-Fi and 3 / 4G enabled smart phones. (2) Includes 3 / 4G enabled smart phones.
9. India The “Mobile First” Digital Economy will kick in (very) soon
Source: Qualcomm, KPCB Report
11. Why “India early stage”?
Blume Ventures
Private and Confidential
Early stage venture in India can offer higher risk-adjusted returns relative to other asset
classes. Investors can potentially get earlier and multiple exit options – besides IPO or M&A,
stakes could potentially be acquired by VC/PE investors across various financing rounds
Public markets
Private equity
Venture capital
Early stage
Asset class
14-18%
18-22%
20-25%
> 25%
Target IRR
returns
IncreasingCompetition
100’s
> 50
~ 25
5-10
# of Organized
Funds (India)
IncreasingRetu
More
competition,
inflated
valuations,
capital
deployment
pressures
Valuations
are still
attractive,
Investors
collaborate
& cooperate
Blume Ventures
12. India - Early Stage Funding
Private and Confidential
Many VCs in India have moved upstream, into the realm of Growth VC and PE.
This has created a gap for startups that need critical seed and angel funding
Blume’s focus A majority of VCs have moved upstream
Pre -
Series A
• Angel groups
• Individual angels
• Angel funds
• Incubators & Accelerators
• Inventus
• Accel
• Helion
• Sequoia Capital
• IDG Ventures
• Saama (formerly SVB)
• Kalaari (formerly IndoUS)
• Matrix
• Nirvana
• Omidyar
• Qualcomm
• Nexus
• Canaan
• NEA
• Bessemer
• Norwest
• SAIF
• Lightspeed
• Fidelity
• Tiger
• Vertex
• Intel
• Cisco
Blume Ventures
13. India – Shift from 2009 to 2013
Private and Confidential
Pre -
Series A
• Burst of accelerators, seed funds, super
angels (& their quasi-funds)
• Blume was first of its size in this cycle – at
least a dozen more emerged in last 24 months
• Reduced attractiveness of the 2006-08
vintage angel groups
• Fragmented angel networks don't work well
as yet (close-knit networks only)
• Lack of a network / marketplace of mentors,
advisors, domain experts, service providers
(we may build it like FRC / @500)
• Almost NO change in the set of Series
A / B / C players
• Some wind-downs, some rebranding,
some splits amongst larger VCs
• Most of them on new funds + limited
exits => large active portfolios
• IPO market as dormant as ever in
tech, focussed only on exceptionally
large cash-flow or gross rev biz models
• Trickle of M&A; we need a flood
Blume Ventures
Lack of transparency around VC performance
14. Private and Confidential
Smorgasboard of Investment Styles Blume Ventures
the Pre-80’s style small
funds, small investments
(not too many deep tech
plays though)
the 2005+ disruptor
funds such as the entire
audience at pre-money
the 2008+ "new
accelerator" models
(YC / TS clones and bad
ones at that) - more
focussed on demo days
than value
-
the pre-2005 "incubator"
models - legacy college
based, govt funded
the we-are-the-domain-
experts accelerators like
tandem and angelprime
the let's-copy-the-valley
model (classic $150-250
mill funds, all the usual
suspects)
all models coexisting and
jostling for space - what we
have is a smorgasbord of
styles, lots of noise, everyone
waiting for the music to begin
15. India – the Nuances
Private and Confidential
• RedBus (Bus Ticketing)
• Tally (Accounting Software on CD)
• AppsDaily (offline App Store)
• Gharpay, Delhivery (e-comm Only
Logistics and Payments)
• JustDial (yellow pages on Voice)
• MadRat Games (Indic language, local
character design – board games)
• Large Cash Economy, cards
underpenetrated, payment infra highly
regulated
• Do-it-for-me > DIY
• Transport Infrastructure creaking –
overburdened as its being built
• Every City’s Tech culture is quite
different
• Broadband Infra well below optimal
• Mobile Service Providers have too
much control over app economy
Blume Ventures
Every challenge is an opportunity, but nuanced….
Some Localized Startup Ideas Localized problems that
Investors need to be aware of
16. India – some big ideas & themes
Private and Confidential
• Mobile First (device and access penetration much higher)
• Fix the SMB problems (35-40 million small businesses)
• Location tracking and services
• Fixing e-commerce backends – B2B commerce, payments
• Video bigger than text?
• Audio / Video Indic languages content bigger than English
• Gaming – will leapfrog consoles to Mobile and Tablets
• Crowdsourcing – Surveys, Information, Tasks, Capital
• Reimagine traditional plays – travel, jobs, housing, dating/marriage
Blume Ventures
18. Private and Confidential
Blume – a short history
Blume Ventures Fund I is a 2011 vintage $20 mil India-focused seed
stage fund
Helping Indian tech startups seeking a round between $100,000 to
$500,000 in a seed/angel round
Blume’s sweet spot is $100-$250K (in rounds that it LEADS; >50% of
round)
And $50-$250K in Syndicates (<35% of round)
We then support our best companies with bridges (mostly convert
notes to next rounds) + pro-rata participation in Series A rounds –
with an additional $200-$750K
Stakes post-Series A are 10-15 % (in Leads) and 5-10 % (in
Syndicates), with a few exceptions on either end of the range
19. Blume Performance
Private and Confidential
6 “up-rounds” (Series A / “green shoots” Series A’s) in Blume’s portfolio
to date – from VCs including Accel, Helion, Kalaari (formerly IndoUS
Ventures), Nirvana Ventures and Jungle Ventures (Singapore)
Blume Ventures
……Another 3 in term sheet stage
………..Average multiple achieved @next round = 3x
……………..2 shutdowns, both cos’ assets being sold for a small price
20. Blume - Investments & Sectors Blume Ventures
HR / Skills /
Employability
Internet + Mobile
- Infra &
Platforms
Ad Tech /
Marketing /
Mkt Research
Consumer
(other)
Consumer
(e-Com -Goods
+enablers)
Content /
Publishing
SaaS
Internet /
Mobile /
Digital Media
Clean /
Green Tech
ITeServices
Other Niches
(25%)
Life Sciences
Consumer
(e-Com –Svcs
+enablers)
Manufacturing /
Robotics
Core (75%)
We invest in the change we want to see in India and founders who believe the same
55 Investments (as of Mar 2013, 27 months from launch)
About 40% will grow out into or cater to international markets – more B2B, some B2C
100+ founders, 10% Women, 5% Non-Indian citizens
40% Bangalore, 30% Mumbai, 20% Delhi NCR (Rest in Pune, Hyderabad, Chennai)
60+ LPs (all entrepreneurs) invest $20 mill; 1st VC fund w/100% Indian money
4 member Investment Team, 4 member Support team, 3 member platform team
Platforms being built out – 1st
hacker on payroll
ITeServicesEducation
21. Private and Confidential
Blume Mantra = Back to basics + best-of-breed
India’s need:
to build a classic bottom-up Venture Ecosystem model with best-of-breed
practices adopted from disruptor funds - both from US Innovators and
Other Markets (China / Europe / Israel)
We take “inspiration” from all the godfathers
- USV / FRC / Felicis / @500 teaching us risk/capital allocn
- First Round teaching us building automation of ecosystems
- Angelist will enable future building of co-investment syndicates
- Innovation Works & Andreesen Horowitz teach us scaling ops
- Learning from Israel on how to “Build in India, Ship to the Planet”
We will further adapt for India
- Build proprietary angel network for high quality co-investors
- Build proprietary mentor and advisor networks
- Build own M&A platform for systematic exit strategy