Bhaskar Majumdar discusses top performers in Unicorn India Ventures' first fund portfolio.
Insight
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…”
Insight
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.”
Insight
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.”
Disclosure
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.”
Prediction Not checkable as stated
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.”
Assertion Contradicted
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.”