Ganesh Rengaswamy
Co-founder & Managing Partner, Quona Capital. On 1 show, 1 appearance. The Shows tab opens the full record on each.
investorfounderexecutivequona.com ↗
He is a Co-founder and Managing Partner at Quona Capital, leading fintech investment strategy across India and Southeast Asia. Previously, he co-founded the travel platform Travelguru and held venture investing roles at Lok Capital and Greylock Partners.
1shows
1appearances
16statements
4resolved
3supported
1contradicted
75%fully supported
Everything Ganesh Rengaswamy said on any show that made the record, most notable first. Each card names its show and opens the statement there.
High-quality incumbent Indian banks leave little room for neobank startups
“India, the banks are not terribly inefficient in India. And there are 30, 40 times more banks in India, maybe at least 10 X of the number of banks in Brazil, which are high quality. So in the middle of that, I think without being able to articulate how you are…”
Many fintechs will fail post-COVID due to fragile credit principles
“And I guess, you know post COVID we will see a lot of fintechs which are going to find it very challenging to stay alive. Some of it might be because of COVID, but some of it, but a fair bit of it would also be because they were on a weak footing and on fragil…”
Rengaswamy: IndiaMart is India's most successful digital IPO of the decade
“The stock has gone up about 2.5 times since they went public. So it's been the most successful digital IPO in the country in the, in, at least in the last decade, if not more in terms of how the stock has sustained and performed on the back of company's perfor…”
Premature venture capital influx can destroy emerging tech markets
“There is too much capital and which is being prematurely thrown at these companies, which can even kill markets before it's like killing the golden rules and you kill markets before they even happen by throwing too much capital after some sectors or sub sector…”
Non-founder venture capitalists struggle to empathize with startup challenges
“And largely without having been in founder shoes, it's very hard to actually empathize with founders all the challenges that people go through.”
Early Indian venture capitalists lacked operational alignment with startup founders
“When we raised capital or funding at Travel Group, I think a lot of investors in those days were frankly ex consultants or bankers and really smart folks, right. Who helped catalyze the startup ecosystem. But there was a significant mismatch between the way th…”
Rengaswamy: A couple of bad lending cohorts can wipe out a company
“Because couple of bad cohorts of lending can wipe out a company. Period. People just don't recognize that.”
Rengaswamy: Fintech solutions and lessons are transferable across international markets
“Financial services happens to be a space and FinTech, especially given the technology is an equalizer. You know, there is a lot of transferability across markets. There are obviously a lot of nuances, whether from a regulatory perspective, policy perspective, …”
Quona has backed three neobanks globally but none in India
“We have three neobanking investments. We are close to making a fourth one. A couple of them in Brazil and in other markets, right? But we have none in India.”
IndiaMart raised only two institutional rounds prior to its IPO
“They only raised two rounds of capital institutional capital over the life cycle of the company. I mean, the series A was almost a little over 10 years ago, and the series B was a little over four years ago, which is what, you know, we co-led.”
Coins.ph cut Philippines remittance fees from 8% to under 2%
“You know, at that point in time, it was about seven, eight percent, but by leveraging the blockchain infrastructure, they were able to bring that cost down dramatically to sub two percent.”
Remittances account for 10% of Philippines GDP
“And 10% of Philippines GDP, you know, depends on remittance.”
Quona Capital targets global emerging markets, avoiding the US and Europe
“If you look at our focus, we are very deliberately focused on global emerging markets. You know, as, which, as I mentioned in India, Southeast Asia, Africa, Latin America, and GCC, we do not really invest in the US or Europe.”
Rengaswamy: India and Brazil Are Quona Capital's Top Countries by Far
“I think our, out of the 12 or so countries we are quite active in, I think India and Brazil are our top countries by far.”
Indian neobanking startups grew from zero to thirty in eighteen months
“18 months back, there was not a single company called neobank in India, and today we have at least 25 to 30.”
Rengaswamy: Quona targets Series A with $3M to $5M sweet spot checks
“And we typically come in at the pre A to A plus stage. So you can say it's largely A and to a certain extent B but we, you know, we have been, we are getting more flexible as we evolve as a fund and just recently we closed our new fund and we have been getting…”
One line per show, most statements first. The link opens Ganesh's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
 NEON SHOWLEDGER | Co-founder & Managing Partner, Quona Capital | 1 | 16 | 75% 3/4 | full record on the Neon Show → |