The Inventus Capital India team prefers to keep it simple, both in life and in their investments.
Talk about the perceived high life of venture capital (VC) executives and Parag Dhol, managing director at Inventus Capital India, will cut you short. “We have delayed gratification ourselves. Look around and you will know,” says Dhol.
This may sound a bit like braggadocio, but Dhol and his colleagues at Inventus Capital’s India unit—Samir Kumar and Rutvik Doshi—are known to shun ostentation. Such is their aversion to grandstanding that walls of the firm’s office, a no-frill setup in a quaint Bengaluru neighbourhood, are bereft of even a single plaque trumpeting their marquee investments.
And there isn’t a dearth of them. In fact, Inventus Capital was among the first VC firms to taste blood in an exit-starved country like India with the sale of bus ticketing portal redBus to the Ibibo Group for $100 million in 2013. It walked away with approximately $25 million, about 10 times the money invested. It is an investor in Etechaces Marketing and Consulting, which runs the PolicyBazaar and PaisaBazaar portals, the latest homegrown consumer internet startup to enter the unicorn club.
The team at Inventus is on a hunt for entrepreneurs who have delayed gratification with dogged determination, as more often than not such founders run a tight ship than a leaking boat. “Over the years, I have believed that one key criterion for an entrepreneur to succeed is the ability to delay gratification. They know it will take time (to build a business) and are willing to wait that long and not look for a quick flip,” says Dhol. Avers Doshi, “This holds good for us as well. Look at the cars that we drive.”
Bu hikaye Forbes India dergisinin August 31, 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Forbes India dergisinin August 31, 2018 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Home-Cooked Meal Is Now Greatly Valued
The pandemic has also brought with it an improved focus on hygiene, use of technology in dining, rise of cloud kitchens and resurgence in popularity of Indian ingredients
Paytm 3.0 - Reaching Near Breakeven In Two Years
As of 2020, Vijay Shekhar Sharma’s super app for financial services had run up losses in thousands of crores. Now, as digital payments gets yet another boost courtesy Covid-19, he’s hopeful of reaching near breakeven in two years
THE PANDEMIC HAS CAUSED WOMEN GREATER LABOUR PAIN
Covid-19 has shown that women are more likely to face the brunt of job losses than men, and find fewer opportunities when they want to resume. That apart, several have to deal with increased hours of unpaid work at home and even domestic abuse
LEADERSHIP WILL BE ABOUT SEEING THE BIGGER PICTURE
Leaders must not only guard their teams first during a crisis, but also deal with stakeholders with respect and dignity. And apart from pursuing business goals, they should remain committed to our planet and the environment
PHILANTHROPY SHOULD BE HUMBLE, BUT NOT MODEST
Apart from building a flexible and resilient framework for the future, philanthropists, civil society and the government must work in tandem so that every rupee is absorbed on the ground
INTEGRATED HEALTH CARE, TECH WILL DISRUPT SECTOR
While clinical research will get a boost, having a skilled workforce and public spending on health care will be challenges in the near term
DIGITALISATION WILL HELP IN VALUE CREATION
As the pandemic brings technology and innovation to the core of business and daily life, the next decade will see about 150 million digital-first families in India
Industry 4.0: Climate Revolution?
Augmenting sustainability alongside digital capabilities is an economic, competitive and global opportunity for India’s businesses, but regulations need to reflect intent
EV Dream Still Miles Away
Electric vehicles have remained a buzzword in India for years. But not much has moved on ground due to high upfront costs, range anxiety and charging infrastructure
Living Waters
A virus has caused us to scramble for oxygen but our chokehold on the environment is slowly strangling the very waters that breathe life into us. The virus is a timely reminder: We are merely consumers, not producers of life’s breath on this planet