125 Japanese Institutional Investors Evince Interest In Indian Startups

Bengaluru, NFAPost: In a unique event in the history of Indian startups, more than 125 Japanese Institutional Investors attended a pitch session at Tokyo taking interest in 26 Indian Startups product and services.

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The event was organised by Nasscom Japan VC Network on Thursday as part of the ongoing efforts to accelerate global capital access to Indian tech startups and promote technological exchanges between India and Japan through cross border collaboration. Besides Nasscom and the Embassy of India in Tokyo, the event witnessed participation of Japan VC Network.

Technology Companies

The Nasscom delegation brought together 26 innovative technology startups from India as part of its delegation to Tokyo and the startups presented their ideas in front of more than 125 Japanese Institutional Investors in a live pitch session. NFAPost had reported Nasscom selecting startups for this purpose last month. The Japanese investors are expected to assure investments over the next few days, which will be materialised via Series A, B and C rounds. The Japanese investors are expected to help the Indian startup founders to raise a sum of more than $2 million up to a maximum of $40 million.

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The startups that pitched at the session are from sectors like finance, automobile, agriculture, logistics, healthcare, robotics using technologies such as AI, IOT and ML, among others. Aibono Smart Farming Private Limited, ANJANSECURE Solutions Pvt Ltd, Asimove Robotics Pvt Ltd, Azah Personal Care Pvt Ltd, Blowhorn, Bulk MRO Industrial Supply Pvt Ltd, Care24, COGOS Technologies Pvt Ltd, Easy Home Finance Limited, FreightBro Logistics Pvt Ltd, Freyr Energy Services Pvt Ltd, HealthifyMe Wellness Pvt Ltd, Hush (Erbauen Labs Private Limited), HyperXchange, INSTASAFE, Medikabazaar, MillionEyes Healthcare Pvt Ltd, Momspresso (Just4Kids Services Private Limited), MoneyOnClick (Wortgage Technologies Pvt Ltd), Optisupply Chain Solution Pvt Ltd, Rizort Inc, Skillenza, Skyroot Aerospace, SPANNINGTREE Software Technologies Pvt Ltd, Wholesalebox Internet Pvt Ltd and Wobot Intelligence Pvt Ltd were the 26 startups that presented their value proposition at the Tokyo pitch session.

Indo-Japanese Investment

Following the Pitch sessions, the event also witnessed more than 180 one-on-one meetings, which took an average of seven meetings and maximum of 12 per company. Here the companies further explained their products before the prospective investors.

The thriving India and Japan startup engagement has an impact of deep relation built over decade-long history of friendly bilateral trade relations. With more than $15.1-billion investments globally in the last 5 years, the Japanese Venture Capital and Corporate Venture Capital investment have become a force to be reckoned with, and it has been witnessing a steady growth of 79% year-on-year. With deal size growing 37.32% year-on-year in the last five years, more than 44.76% of the investment has been made into Angel funding, followed by 32.09% in Series A round, globally.

Resurgence Of Unicorns

India has become an epitome of startup entrepreneurs across the globe with a dramatic increase in number of unicorns, resurgence in investments, and rapid growth in advanced technology in startup ecosystem in 2018. India continues to be the third largest start-up ecosystem in the world with over 7500 companies.

Speaking on India-Japan partnership, Indian Ambassador to Japan Sanjay Kumar Verma stated India and Japan enjoy a special strategic and global partnership, which has become so due to India’s civilisational linkages and convergence of values.

“This partnership is now flourishing into areas which were not foreseen earlier. This is so because of the developments that are taking place in the two countries internally as well as the changing landscape at the regional and global level. Our partnership not only provides mutual benefits but also contributes to regional and global peace and prosperity. It’s a long lasting partnership due to the convergences as well as due to the complementarities. The skill set, the core competence, the business processes and the demographic situation that we bring together are so complementary in nature that we benefit each other by partnering. Innovation is the next frontier in socio-economic space and that’s why it’s even more important for Japan and India to collaborate, not only for themselves but also for the globe,” said Indian Ambassador to Japan Sanjay Kumar Verma.

Speaking on the occasion, Nasscom President Debjani Ghosh said the Indian startup ecosystem provides an unparalleled opportunity to the investors globally and Japan has been a leading partner to India’s start-up story.

“We are simply overwhelmed with the number of institutions that have come out in large numbers to meet with this unique bouquet of innovative start-ups from India and Nasscom is confident that this one of a kind NASSCOM Japan VC Network will further stimulate the Japan-India partnership in this age of digital era and will expedite participation and active deal flow from Japan to Indian startup ecosystem,” said Nasscom President Debjani Ghosh .

These participating VC/CVC/ Corporates who registered for the Nasscom Japan VC network have invested in approximately 1,200 portfolio companies with 1,300 investment transactions globally. In due course, Nasscom plans to further scale up the network to other VC firms and institutions from Japan and other countries.

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As Japan and India have strong potential for Digital cooperation, a memorandum of cooperation was signed during Prime Minister Modi’s visit to Tokyo last October while announcing digital partnership at Japan-India Annual Summit in Oct 2018. Six areas were identified as part of this partnership and advancing collaboration among Start-ups in the digital field was part of this.

Investor Attraction

According to Arvian Consulting Principal Partner Ravi the overwhelming participation of Japanese investors at the pitch session shows greater interest in Indian startup ecosystem. “India is the 3rd largest start-up ecosystem in the world with over 7,500 companies. It is important to note that the total number of Indian unicorns more than doubled last year, with 8 start-ups being added to the list, highest number in any year till date. Also, we know that Indian Start-up ecosystem continued to attract investor interest with almost $4.2 billion of funding in 2018 (Jan to Sep), registering a growth of 108% compared with the investment in 2017,” said Ravi.

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