Key Venture helps early and growth stage companies scale up their businesses by raising capital through HNIs, VCs, PE, Family Offices, Institutional and Strategic Investors. They work with startups looking to raise Angel to Series B funding while acting as a bridge between the investors and entrepreneurs and support the economy to reach a new paradigm of success. Read the excerpts from the interview with Small Enterprise Magazine.
Q. Tell us something about yourself.
I started my career with the inception of the start-up ecosystem in 2008 and have worked with some leading angel networks in India - Indian Angel Network (IAN), Intellecap Impact Investment Network (I3N) and Mumbai Angels (MA). The association with The Wild East Group, a portfolio company of Mumbai Angels, later sold to Exceed Entertainment, completed my 360-degree experience in the startup ecosystem. At The Wild East Group, we created a Flagship Brand, HRX, a lifestyle brand for the renowned Bollywood Actor Hrithik Roshan and along with it handled few other brands like Kolkata Knight Riders (KKR), Yash Raj Films and Dr.Seuss.
Apart from running my own venture, I am an active angel investor and a mentor to a few start-ups. I am extremely active in Indian Startup Ecosystem and have spoken at premium institutions of IIT, IIMs and alike.
2. What is The Uniqueness of Key Venture’s business model? What makes an entrepreneur and an investor to select Key Venture as a preferred fundraising partner in the Industry?
At Key Venture,we understand each startup is different from another and we have a very customized and personalized fundraising process for each startup. It takes a lot of extra efforts from Key Venture’s team but it’s worth the time and price. Our 10 years of experience in the Industry helps us with an extensive DD and filtration of startups at the very first stage. At any given point of time, Key Venture team would work with maximum 4-5 startups with their complete devotion, focus and attention to close the fundraising process successfully.
We work very closely with each startup for close to a month for the investment collaterals – Investment Deck, Financial Model, Business Strategy, Mock Pitch and preparing for individual investor meetings.
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Job Creation: Startups Starting Up!
Do startups create jobs? This could unarguably be one of the most sought after questions in recent times. While it is out and clear that startups make way for employment opportunities, the discussion boils down to the importance of startups in creating jobs. The startup ecosystem indeed plays a major role in job creation and is touted as an economic panacea.
Importance Of Technology For SMEs
We, humans, by nature, tend to be lazy. We always try to make tools, machines, gadgets, etc., to save us time and energy and give us satisfactory results. Technology is the charisma that kept changing our way of living and our style of doing things drastically. Our way of conducting business is also not spared by the Tsunami of technology.
Importance Of Digital Economy
Economic activities that result from billions of interactions between individuals, businesses, data, devices, and processes constitute a digital economy and India is well on its path to becoming a digitally advanced economy. Driven by cheap data cost, faster connectivity, and affordable smartphones, India had over 1,160 million internet subscribers in February 2020, as per the Telecom Regulatory authority of India (TRAI), second only to China.
India's Economic Growth â Can The Startups Redefine?
Recent years showed a considerable rise in the startups of India. During globalization, MNCs or Multi-National Companies had a massive role in Indiaâs economic growth. Now, it seems that startups are revolutionizing the Indian economy. These startups are amplifying the revenue generation and enriching the GDP.
ENTREPRENEURSHIP EDUCATION FOR BUDDING MINDS
In the present economic situation, having knowledge of an academic subject is no longer sufficient for a new graduate. Students are increasingly required to have skills and abilities which will increase their employability, such as: the retrieval and handling of information; communication and presentation; planning and problem solving; and social development and interaction.
CHALLENGES OF ENTREPRENEURSHIP DEVELOPMENT IN INDIA
The Economic survey in 2019-20 using World Bankâs data on entrepreneurship stated that India ranks third in the number of new firms created. However, India ranks significantly lower in terms of intensity when compared with countries like UK and US.
HOW INNOVATION PLAYS AN IMPORTANT ROLE IN THE PERFORMANCE OF SMEs? WHAT ARE SOME INNOVATION FACTORS TO FOLLOW?
Innovation in a business must respect the business strategy in terms of the SME's long-term missions, visions, and goals and is systematic implementation procedures and changes to improve the products and services your company offers. The innovation implementation ensures an appropriate response in terms of increased sales and enhanced customer satisfaction. The image strengthening of your firm will lead to better customer relations with your company and at the same time provide financial stability for the company.
ECONOMIC REFORMS THAT CAN CHANGE THE ENTREPRENEURIAL ECOSYSTEM
The year 2021 marked 30 years since economic liberalisation surfaced in India and writing on this occasion, the richest man of India; Mukesh Ambani said that bold economic reforms such as ending the license âquota raj, liberalisation of trade and industrial policies, freeing up capital markets and financial sector helped our GDP grow ten folds since 1991 and India transformed from an economy of scarcity in 1991 to an economy of sufficiency in 2021.
ROLE OF WOMEN ENTREPRENEURS IN INDIA â THEN AND NOW
As per the 2019-20 annual report of the MSME ministry, among 63.3 million MSMEs that India has, womenâowned 20.4% of them up from 13.72 % in 2013-14. This data supports the fact that there has been growing acceptance of women in entrepreneurial roles but it hasnât always been the case.
TECHNOLOGY AN ENABLER FOR SMALL BUSINESSES
Today times are such that firms operate in a dynamic environment and they must act dynamically too, at least firms should keep an eye on obsolete processes and technologies and replace them with updated versions to stay competitively ahead.
