Everything Anjali Bansal said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Bansal: The best decade for Indian startups is ahead, not behind
“So I think the best decade is ahead of us, not behind us.”
Bansal: Tech market is near upcycle peak with volatility ahead
“We are probably seeing we are towards the top of an up cycle. Will there be some volatility? Absolutely. At the same time, the momentum will absolutely continue.”
Bansal: India's 1.3B digital ID scale is unique globally
“We are unique in the world in the sense of having large public digital infrastructure and population scale. So we have 1.3 billion people with a biometric unique ID, right?”
Bansal: India holds major low-hanging opportunities in process efficiencies
“So there is such low hanging fruit in India, just in process efficiencies for enterprises as well as for B to C type businesses.”
Bansal: Evaluating emerging fund managers mirrors assessing startup founders
“So I think when one is investing behind an entrepreneur or a new fund manager one applies a similar lens. Are they doing it for the right reasons? What problem are they looking to solve? So is there a unique proposition? How well positioned are they? Do they h…”
Bansal: Homogeneous VC fund teams yield less creative thinking
“Ideally in a fund, I like to see a combination of skill sets and complementarity in the team. So having three people who are exactly the same, yes, that makes for a more comfortable team, but potentially less creative thought process. So if you have somebody w…”
Bansal: Fast-Moving Hedge Funds Force Traditional VCs to Adapt Processes
“The age of the fast moving, not even growth funds, but really hedge funds that are now competing in late stage tech is not unique to India. It's also in the US. So and I say, God bless them. They bring in a lot of capital. They bring in a lot of velocity. It i…”
Bansal: Nykaa was built using very little capital
“Nika has been built using very little capital.”
Bansal: Investing in India requires backing founder execution over the idea
“One mistake I haven't made too often, but has happened, is to invest in the idea and not the team, because it's not, there are many ideas, it's all actually, ultimately it's about execution, India, particularly India is about execution, and we cannot be wishfu…”
Bansal: Early-Stage VC Decision Timelines Dropped from Weeks to Days
“So at the early stage, I'm not sure we ever had a few months. It's just that it has gone from being a few weeks now to a few days.”
Bansal: India-Based Funds Move Faster by Avoiding Remote Investment Committees
“One of the advantages of being an India-centered, India-located fund is our processes are agile. So we don't have to go through a lot of cycles and take investment committees elsewhere.”
Bansal: COVID accelerated enterprise SaaS growth by enabling remote sales
“COVID has actually helped because what required enterprise sales earlier required you to be there in person and meet people and because of COVID all sales have happened remotely and virtually. So I think it has actually helped to accelerate the growth of enter…”
Bansal: Enterprises are increasingly willing to partner with startups over legacy vendors
“Enterprises have increasingly more appetite they recognize that they will not have all the solutions in-house, or your traditional enterprise tech providers may not have the solution, so they're quite willing to experiment and also partner with startups.”
Bansal: Mission-critical enterprise software deployments still take up to a year
“If it's a mission-critical application, then obviously they will be a lot more thoughtful and do a lot more diligence, and yes, it could take up to a year before they Do a full deployment.”
Bansal: Intello Labs is the largest digital trading platform for fresh produce
“Intello started with computer vision for quality assaying of fresh produce for horticulture. And today they are the largest digital trading platform for fresh produce of fruits and vegetables.”
Bansal: McKinsey's internal culture is collaborative and non-competitive, contrary to popular perception
“It's probably a unique place where you develop strong friendships inside the firm, so it's not competitive internally. Actually, quite to the contrary of what the popular perception is.”
Bansal: Indian Startup Momentum and IPOs Will Continue in 2022
“I think twenty-twenty-two will continue the momentum. We have several very high quality companies that have grown well and scaled well in the last few years that will hit the public markets.”
Bansal: Sustainability will match digitization's impact over next 20 years
“So I think sustainability will be for the next 20 years, what digitization was for the last 20.”
Bansal: Nykaa was one of earliest personal investments alongside TPG deals
“Came back with one of my earliest investments would have been Nika in a personal capacity other than TPG, of course, and TPG have been involved with Lenscart and a number of other successful, both in India and overseas investments.”
Bansal: Early Founders Must Balance Check Size With Ecosystem Value-Add
“At the early stages, it is important to pick investors who you think will be value adding beyond capital. So craft the cap table carefully of funds that can bring large checks and continue to support through various rounds. But also funds who are value adding …”
Bansal: FarMart onboarded one million farmers within six months with minimal capital
“Farmart is building the largest micro SaaS platform for rural detail and farmers. And within six months, they've got a million farmers using very little capital.”
Bansal: Siemens figured out how to sell switchgear remotely
“I sit on the board of Siemens and some of our processes that you could never have imagined that sales and service could be done remotely. And somehow everyone's figured out how to sell switchgear remotely.”
Bansal: Maintains strict Chinese walls with husband on competitive market intel
“Well, we've always maintained very strong Chinese walls because otherwise we couldn't have had sort of healthy professional lives in addition to a healthy personal life. We will never talk about competitive sort of market intel, and but yes, we will talk about…”