Everything Bhaskar Majumdar said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Majumdar: Traditional banks will be reduced to backend compliance providers
“I saw a similar trend happening over here in the banking, where the traditional banks, be it in UK, in NatWest, Barclays, all they would do was become the infrastructure provider, which in case of banking meant compliance providers, be the depository, the trea…”
Majumdar: Businesses and circumstances fail, but true entrepreneurs do not
“So I strongly believe in it that, you know, entrepreneurs, true entrepreneurs don't fail. It's the businesses and the circumstances that lead to failures.”
Majumdar: Starting a VC fund is identical to launching a startup
“At the end of the day fund is nothing. Starting a fund is exactly the same as starting your own startup venture.”
Why Unicorn India Ventures fundamentally avoids consumer internet and B2C bets
“Our fundamental thesis is we stay away from consumer, you know, consumer internet, classical B to C businesses.”
Majumdar predicts massive opportunity in digitizing Indian supply chains
“I fundamentally believe that given where India is, the size scale, the broken supply chains, the fact that there is still lack of transparency, a whole lot of sectors, this whole area of digitization of business processes is going to be massive.”
GE Medical acquired multiple unbacked early-stage Indian medtech startups recently
“There's a whole bunch of very early medtech companies out of India, which in the last two or three years may not have been, most likely have not been VC invested, but have been acquired by the likes of GE, Medical, and others.”
Finin was the first consumer-facing neobank to launch in India
“Finin as you well know, is the first new bank to be launched in India from the consumer side.”
UK founders are older deep-tech industry veterans compared to Indian founders
“In a way, it is an environment where, The founders tend to be older founders. They tend to be founders who worked in a particular industry for a long time and then come up with propositions within that industry. And therefore what happens is these tend to be v…”
The average founder age in Unicorn India Ventures Fund I was 41
“You know, the average age of our founder in the first fund when we signed the check was 41 years.”
UK FCA was the first regulator to legislate open banking architecture
“FCA was the first ones to legislate open banking architecture.”
Open Bank is Unicorn India Fund I's most valuable portfolio company
“The largest by value I think in our first fund would be open bank.”
Securotech is Unicorn India Fund I's largest portfolio company by revenue
“And I think the largest by revenues would be cyber security company. We have it's a company called securotech very seasoned founders, you know, people in their late forties, early fifties, we backed.”
AltaVista was larger than Google when Majumdar joined as UK COO
“And then I joined AltaVista as employee number three in UK as chief operating officer, and then build the whole team of AltaVista, which at that point in time was a bigger search engine than even Google.”