🚀 升腾峰会：印度创业生态系统火花四射 🚀
超过150家投资者聚集在孟买五星级的天德龙酒店，包括新加坡的主权基金淡马锡和马来西亚的卡山娜，进行广泛讨论，涵盖印度的风险投资、初创企业投资范围以及该国在全球人工智能竞争中的地位
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印度风险投资状况 | ENBLE
<h5 h5="" id="超过150名投资者，包括新加坡主权基金淡马锡和马来西亚的卡赞纳，聚集在孟买五星级的卓美亚酒店✨，在最近的一个星期五，参加了风险投资公司Lightspeed India Partners的“Lift Off”峰会。 这两天的活动旨在通过“在短时间内让许多观点、想法和投资在nC2连接之间共享，形成众多排列组合”，正如Blume Ventures联合创始人Karthik Reddy所描述。</h5>
<h5 id=" off的成功，帮助推动交易和网络建设，包括为新加坡主权基金淡马锡在去年晚些时候将资金投入企业对企业市场vegrow打开了大门。="" 今年的乐观氛围反映了印度过去三到四个月内初创企业融资的复苏。="" 但是，奢华的环境无法掩盖行业仍面临的紧迫问题。
关于风投基金规模：📊
当被问及印度风投公司是否筹集了过多资金，积攒了比他们能够负责的更多资金时，Lightspeed合伙人Bejul Somaia回答道：“坐在这里，现在是2024年初，我们观察到了2023年的投资活动水平以及初创企业创建的速度，我认为答案是肯定的。” “当前一轮基金是在2021/2022年筹集的，那时的活动水平和投资金额大大高于2023年。 2021年，印度的风险投资（早期和后期阶段）达到了330亿美元。 而到了2023年，这个数字只有90亿美元。 因此，我们必须记住，2021/2022年筹集的基金规模是根据那个时期的机会而定的。” 他解释说：“如果你看投资数量，2021年有2200笔投资，而到了2023年，这个数字仅约为一半。 现在这并不代表市场不会在两三年内再次加速…市场循环确实会发生变动。 因此，2023年也不一定反映印度风险融资市场的机会。”
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India in the Global AI Race: 💡
With AI progress surging in Western hubs, 🏁 India is lagging in foundational research as very few of its startups attempt to build large language models. Lightspeed sees parallels to the firm’s early investment in Indian Energy Exchange – building a power trading platform whose analog didn’t exist in Western markets. “My perspective is that right now we are at a phase with AI where a lot of the infrastructure, and some tooling, is being built. This is primarily happening in Silicon Valley. It has actually been a reminder that the concentration of technical talent in Silicon Valley is unparalleled,” said Somaia.
“In the time that we have been investing in India, we have observed limited core technical infrastructure innovation. Most of the opportunity tends to be at the application layer – for consumer and enterprise. There are many reasons for this, including market dynamics and the investor community, where we have few technically-strong investors…..so it’s a bit of chicken and egg,” he added.
The Patient Capital: 💰
A concern held by many investors in India is that several late-stage startups continue pushing for up-rounds, exhausting their runways before accepting post-downturn realities. Anuj Bhargava, Lightspeed MD and Head of India Corporate Development, told ENBLE he sees progress towards alignment with the public markets. “I think this is the year where the financing that will happen will be in more sync with the public markets. For growth companies, the private markets have been slow. But for the names that have really improved their PnLs, have cut the burns and are on sustainable unit economics, I think the public markets offer a great opportunity,” he said.
India has also attracted growing sovereign fund interest over the past three years at a scale it never before, he said, adding he was optimistic that they will invest in many late-stage startups. “We had a lot of funds not based in India but investing in India because of the opportunity the country offered to them outside their own. A lot of companies ended up raising money that didn’t justify their scale or progress. In the last few years, some of the momentum investors have not been investing as much in India, creating a void,” he said.
“That void has been filled by patient capital – sovereign funds were very quiet in 2020 and 2021; pension funds who were either quiet and probably hadn’t invested much in India earlier; and the growth arms of the private equity funds, many of which earlier weren’t investing much in tech. So these three pockets of capital are mature, long-term and patient and I anticipate we will see more activities from them going forward.”
While late-stage funding remains tightened considerably, some investors see bright spots in India’s early-stage ecosystem. Peak XV, Lightspeed, Elevation, Accel and Nexus signed over a dozen early-stage deals in the month of January alone, according to a person familiar with the matter.
🌐 References:
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🤔 您是否对印度的初创企业生态系统或新兴技术趋势有任何疑虑？让我们解答一些常见问题！
💡问：印度的后期初创企业在获得跟进融资方面面临挑战吗？
A：是的，许多印度的后期初创企业正在努力获得跟进融资。随着市场的下行和监管问题，投资者变得更加谨慎，导致资金紧缩。在当前气候下，那些估值过高或商业模式不可持续的初创企业特别难以获得融资。
💡问：印度的风险投资公司如何处理市场中过多筹款和压力情况？
A：印度的风险投资公司意识到过多筹款可能带来的潜在风险，并采取谨慎的方法。他们在筹集资金之前分析了投资活动水平和初创企业创建速度。一些公司，比如Lightspeed，有意将其基金规模定在较低的水平，以避免战略偏离，确保负责任的资金分配。
💡问：印度在人工智能（AI）研究和开发方面是否滞后？
A：是的，与硅谷等西方枢纽相比，印度在基础人工智能研究和开发方面滞后。硅谷的技术人才聚集无与伦比，导致印度在核心技术基础设施创新方面受限。印度的大多数人工智能机会都集中在应用层，主要关注消费者和企业应用。然而，由于印度在工程方面的强大实力，仍可能出现针对性的人工智能机会。
💡问：印度的后期初创企业正在与公开市场对齐吗？
A：印度在朝着与公开市场对齐的方向取得进展。后期初创企业越来越意识到需要调整他们的融资策略以与公开市场同步。那些已改进利润和损失报表、减少燃烧率以及建立可持续的单元经济的初创企业正在探索公开市场的机会。对于这些公司，上市提供了增长和流动性的绝佳机会。
📢 让我们分享兴奋之情！
我们希望您喜欢这次对印度初创企业生态系统和新兴技术趋势的深入探讨。如果您觉得本文内容丰富且有趣，请不要忘记在社交媒体上与您的朋友和同事分享。让我们一起传播知识，促进创新！✨
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