Nishit Garg, Partner at RTP Global, evaluates the future outlook of the Indian startup ecosystem and what is necessary to cement long-term global investor confidence.
“And for that a good, thriving, liquid IPO market Is very, very important for tech startups. I think that's, we believe, I, and like at RTP, we believe this is the thing that till 2030, if it gets proven, then in India, like, then there's no stopping the country to be the number one promised land for startups.”
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More from Nishit Garg
AssertionContradicted
Garg: Only a handful of Indian tech companies exceed $30M–$40M ARR
“A lot of Indian companies are, have started to reach A million to million type of ARRs, but have not a lot of companies beyond a few that you can count on your hands are beyond the 30, forty million ARR today.”
Nishit GargJul 20, 2024▶ 26:06Flipkart’s Success Secrets, VC Power Law, And IPO Market : RTP Global Partner, Nishit Garg
PredictionNot checkable as stated
Garg: India will produce more $500M–$1B outcomes than Flipkart-scale mega-exits
“There may not be Flipkart type Many, many, many outcomes in the ecosystem, but there can be a lot more, five hundred million to a billion type outcomes in the country.”
Nishit GargJul 20, 2024▶ 33:17Flipkart’s Success Secrets, VC Power Law, And IPO Market : RTP Global Partner, Nishit Garg
Insight
Garg: Seed-stage investing does not require months of due diligence
“You don't require three, four months of work to invest in a seed stage company.”
Nishit GargJul 20, 2024▶ 14:06Flipkart’s Success Secrets, VC Power Law, And IPO Market : RTP Global Partner, Nishit Garg
PredictionNot checkable as stated
Garg: VCs will rethink power-law models if profitable $300M–$400M IPOs succeed
“If there is a, you know, there is a series of outcomes of, you know, 305, four hundred million dollars of businesses which have been capital efficient, being profitable from early days and good IPOs. I think the VCs will also start thinking very differently fo…”
Nishit GargJul 20, 2024▶ 32:41Flipkart’s Success Secrets, VC Power Law, And IPO Market : RTP Global Partner, Nishit Garg
Insight
Garg: VCs cannot become great investors by playing popularity games
“I think you definitely, one of the biggest mistakes some VCs do is always be really nice to the founders and not tell them what the market realities are or what they're seeing out there. You know, you can't be, you know, be a great VC by being, by playing a po…”
Nishit GargJul 20, 2024▶ 45:32Flipkart’s Success Secrets, VC Power Law, And IPO Market : RTP Global Partner, Nishit Garg
Insight
Garg: VC investing has no checklist and relies ultimately on gut calls
“At the end of the day, there is no checklist for a VC. When you invest, when you don't invest, it's a gut call. So yeah, if the gut says no, don't invest.”
Nishit GargJul 20, 2024▶ 49:01Flipkart’s Success Secrets, VC Power Law, And IPO Market : RTP Global Partner, Nishit Garg
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