Kochi, June 18: A group of prominent investors today asserted that the investor community largely focuses on unique ideas and products that are scalable to international market.
Participating in a panel session hosted on the sidelines of ‘Seeding Kerala 2’ meet, Mr. Anil Joshi, the founder of Unicorn Ventures, said that the Kerala Government has taken the next big step towards attracting Venture Capital funds to the state through the ‘Seeding Kerala’.
The two-day event was organized by the Kerala Startup Mission (KSUM) at Rajagiri Schol of Engineering and Technology here.
Besides Mr Joshi, the two other panelists were Mr Mayuresh Raut, the co-founder of SEA Fund, and Varun Chandran, CEO of Corporate360, who deliberated on the issue ‘How am I choosing my startup?’
“Indian startups made copies of US-based innovations during the first phase. However, the ecosystem has come a long way and we find number of youngsters coming up with unique and innovative ideas. Investors are keener for funding on such products,” Mr. Raut observed.
Mr. Varun during the session announced that he would be investing a part of his profit share for budding startups. “What I really look for is the passion of the founder team and the honesty they have to achieve the same. This is what matters to me apart from all the technical aspects of investing,” he noted.
All the three panelists in the discussion were unanimous in their contention that they were passionate about investing in startups.
The two-day conclave, which concluded here today, was organised by KSUM in partnership with Let’s Venture and Konglo Ventures. The event also saw six selected startups pitch their ideas to the investors.
Ms Sunitha Ramaswamy, Director at Let’s Venture, led a workshop on ‘Fundamentals on raising funding’.
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