IvyCap Day puts impetus on unprecedented challenges, highlights the growing impetus of value creation over valuation
IvyCap Ventures, one of India’s leading homegrown venture capital funds managing the largest funds’ Assets Under Management USD 530 Mn (INR 4200 Cr+), will be hosting the annual flagship event IvyCap Day 2022 ‘Thunder of Dragons’ in Taj Lands End, Mumbai to dwell upon the current investment scenario, the trends, opportunities and the road ahead. The industry leaders will deep down into the conversations of ‘Valuation Vs Value Creation’ in the VC ecosystem. It’s a hybrid event, people can also opt to join the event online. Headquartered in Mumbai with offices in Delhi, Bengaluru, US and Singapore, the company is currently managing portfolio of 30+ companies spread across sectors such as ConsumerTech, HealthTech, Fintech, EdTech, Saas, Enterprise Tech, DeepTech and others.
Every year IvyCap day marks the congruence of the entire ecosystem with the Investors, Entrepreneurs, Mentors, Institutions and Speakers from across the spectrum. The theme for this year’s event (6th edition) is “Thunder of Dragons” focusing on how the Indian startup ecosystem has matured significantly in the last one decade and is eventually generating sustainable returns for its Investors. This in turn is creating a differentiated class of Venture Capital funds that focus on building Long-term Resilient businesses and maximizing value for all stakeholders by leveraging on all critical pillars required to nurture and foster Niche, Disruptive, and Game-changing business ideas.
As the investment community takes a pause and refocuses its attention on sustainable value creation, it is an opportune time to revisit the basics of what drives value creation in the start-up ecosystem and sustainable investment returns for investors in the VC world. ‘Dragons’ are start-up investments that return the entire corpus for a Fund. A “Thunder of Dragons” is a group of dragons or a group of companies in a fund’s portfolio each of them return the entire corpus for a fund.
Talking about the event, Vikram Gupta, Founder and Managing Partner, IvyCap Ventures says, “2021 has been the year of unicorns in the Indian startup sector. We built and nurtured an ecosystem that produced 42 startups whose valuations crossed the USD 1 billion mark. This is almost double the total unicorns India has seen in the past decade. While ‘valuation’ is the buzzword in today’s time, a lot more engagement and discussion need to be on rate of returns, dragons and ‘value creation’. IvyCap bought a 30% stake in Purplle for Rs 15 crore in 2015, when the company was valued at Rs 50 crore. It has now sold a part of its stake in 2021 for Rs 330 crore, i.e 22x gains. Thus, making this one of the largest returns ever for a rupee fund and the first ‘Dragon’ for the company.”
Other than the representatives from the portfolio and exited companies including Clovia, Purplle, BlueStone, Biryani By Kilo, Miko, PurpleTutor, FTcash some of the key speakers from across the industry includes Mr. Harsh Mariwala, Chairman, Marico Limited, Mr. KV Kamath, Chairman, National Bank for Infrastructure Development, Ms. Sharen Turney, Former President and CEO of Victoria’s Secret, Jawed Ashraf, Ambassador of India to France, Soumya Kanti Ghosh, Group Chief Economic Advisor, State Bank of India, Mihir Vora, Sr. Director & Chief Investment Officer at Max Life Insurance, Neeraj Gambhir, Group Executive – Treasury, Markets & Wholesale Banking Products, Axis Bank, Ajay Rajan, Country Head – Transaction Banking Group, Yes Bank, Sharen Turney, Advisor to Global Retail and Technology Brands, and Philanthropic Organizations, (Former President & CEO of Gloria Jeans Russia, Victoria’s Secret, and Neiman Marcus Direct), , Kapil Mantri, EVP & Head, Corporate Strategy and Mergers & Acquisitions, Jindal Steel & Power Ltd, Prashanth Prakash, Founding Partner, Accel India, Pradeep Gupta, Chairman & MD, CyberMedia Group, Nishith Desai, Founder, Nishith Desai Associates, Steve Jennings, Chief Experience Officer, SysMeta, Paul Clements- Hunt, Director, Mishcon Purpose, Mishcon de Reya LLP, Prasun Gajri, Chief Investment Officer at HDFC Life, Ruchira Shukla, Regional Head, South Asia, Disruptive Technologies – Direct Equity and VC Funds, IF, Prof V Ramgopal Rao, Pillay Chair Professor & Former Director, IIT Delhi, Prof. Mahesh Panchagnula, Dean, Alumni, and Corporate Relations, IIT Madras, Prof. Aliasgar Contractor, Former Dean, IIT Bombay, Paula Mariwala, Founder and Co-President, Stanford Angels and Entrepreneur India, Arvind Bansal, CEO, Continuum Energy and more
The event will deliberate on the investment choices and strategies that the both investors and companies make. There will be panels and discussions on Consumer tech companies, how disrupting core industries can help in value creation, how to make successful exits, the trend of building IP for the new world, how tech companies are scaling globally, Future of LP-GP dynamics in India, finding disruptors in the new normal, how sustainability can serve as the new competitive advantage, and many others.
To Register for the event, click here:
https://ivycapday.com/
About IvyCap Ventures
Founded in 2011, IvyCap Ventures is one of India’s leading homegrown venture capital funds leveraging IIT and IIM alumni networks to power the Indian startup ecosystem. They are a sector agnostic fund stemming from the strong belief in people’s power to spark innovation & disruption. They invest in early to growth stage start-ups (Seed Pre-series A, Series A and Series B) that are building innovative technology-based products, services & business solutions and have the potential to scale and adapt to lead in a cut-throat market and became India’s first homegrown VC fund to have successfully created a dragon company. As a homegrown VC fund, they are proud to have more than 20 institutional investors investing across our funds. Promising start-ups, in addition to funding, could receive invaluable advice and scale-up support within the IvyCap Ventures ecosystem under the Mentorship Program. They also have an alumni-driven engagement platform for all the stakeholders in the start-up ecosystem under the name IvyCamp which helps in enabling engagement, accelerating business, design corporate innovation programs, and help early stage start-up communities to connect with investors.
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