MoneyX, an invite-only event, brought 350-plus VCs, PEs, angel investors, family offices and various institutional investors under one roof
The one-day conclave hosted 50-plus speakers, including Sanjeev Bikhchandani of InfoEdge; Soumya Rajan of Waterfield Advisors; Dipesh Shah of GIFT IFSC, and Paytm’s Vijay Shekhar Sharma, among others
The conclave also proved to be a great networking opportunity for all investors
On July 20, 2023, Inc42 hosted India’s largest angel & VC conclave, MoneyX, at The Leela Ambience, Gurugram. In a day full of insightful sessions and networking opportunities, the exclusive, invitation-only gathering convened over 350+ VCs, PEs, angel investors, family offices and institutional investors.
Apart from the impressive turnout, what truly stood out was the remarkable enthusiasm of the attendees. They displayed unwavering attention and actively engaged with over 50 speakers during the sessions held throughout the day.
The session lineup featured prominent figures like Sanjeev Bikhchandani, the founder of InfoEdge; the founder & CEO of Waterfield Advisors, Soumya Rajan; Dipesh Shah, the executive director at GIFT IFSC, Paytm’s Vijay Shekhar Sharma; the managing director of Peak XV Partners & Surge, Rajan Anandan, and Padmaja Ruparel of Indian Angel Network.
Covering everything from the significance of domestic capital to how various investor classes perceive startup opportunities and navigate the LP landscape, our esteemed speakers left no theme untouched in the angel and VC ecosystem at MoneyX.
In our endeavour to elevate the attendee experience, we introduced a feature on the MoneyX app — one-on-one matchmaking. This facilitated the exchange of more than 1K messages on the app, paving the way for more than 450 in-person meetings among the event’s participants.
The success of this event was made possible by the enduring support and collaboration of our partners and supporters. We take a moment to express our heartfelt gratitude to all our enablers, who joined forces with us to turn our vision of uniting the VC world into reality.
Peak VX Partners
Peak XV Partners (earlier known as Sequoia Capital India and SEA) is a global venture capital and growth investing firm, which has been actively investing in India, South East Asia and beyond for the last 17 years.
Peak XV manages over $9 Bn in capital across 13 funds, with investments in over 400 companies in various regions. Among these companies, as many as 40 startups have achieved revenues exceeding $100 Mn. In India, Peak XV stands as one of the leading VC firms, boasting an exceptional portfolio of 33 unicorns, which includes well-known names such as Ola, Zomato.
In addition to investing in startups, the VC firm provides founders with expertise and assistance through various cohort and community-based programmes such as Surge, Spark, Pathfinders, Pitstop, Build and Guild.
At MoneyX, Peak XV’s MD Mohit Bhatnagar joined us for a fireside chat on ‘Forging Strong Investor-Founder Bonds: Unveiling The Key Pillars Of Lasting Partnerships’. The discussion also featured Amrish Rau, the CEO of Pine Labs, and Rajat Tandon, the president of the Indian Venture and Alternate Capital Association (IVCA).
While Rajan Anandan joined Inc42’s cofounder and CEO Vaibhav Vardhan for a discussion on why India is poised to shine amid the ongoing funding winter.
Founded in 1938 as a grocery trading store in South Korea, Samsung has grown to become one of the world’s largest manufacturers of electronic devices.
The global electronics major set up its first research and development (R&D) centre in India in 1996, and the company started manufacturing televisions at its Noida factory a year later. In 2003, Samsung India expanded its manufacturing to include refrigerators. In 2007, the company started producing mobile phones.
Today, Samsung has firmly established itself as a household name in India, with a diverse business portfolio that includes TVs, smartphones, wearables, tablets, network systems, medical devices, LED solutions, and much more.
During MoneyX, Samsung showcased its revolutionary micro LED technology – “The Wall”.
Founded in 2016 by Dr Apoorva Ranjan Sharma, Anil Jain, Anuj Gulecha and Gaurav Jain, Venture Catalysts (VCats) is a sector-agnostic, multi-stage VC firm based in Mumbai. The firm has a global presence across 50-plus cities in countries like India, the USA, the UK, Thailand, Canada, Singapore, etc.
VCats claims to have syndicated $700 Mn across 350-plus portfolio startups, which have achieved a combined valuation of over $10 Bn. Besides investment, it offers mentorship, industry connections and sector-specific expertise to make its portfolio startups ready for the global markets. In India, VCats counts startups like Beardo, BharatPe, ClanConnect and Dukaan as its portfolio startups.
Besides being an associate partner, VCats and 9Unicorns’ Dr Sharma joined MoneyX for a panel discussion — ‘Early Stage Investing Secrets’. The discussion also featured Anil Joshi, the founder and managing partner of Unicorn India Ventures; Ninad Karpe, the founder and partner of 100X.VC; Indian Angel Network’s Padmaja Ruparel, and Jasminder Singh Gulati of Full Stack Capital.
Founded in 1991 by Jyoti Sagar, JSA is a national law firm which claims to employ over 400 professionals operating out of seven offices located in Ahmedabad, Bengaluru, Chennai, Gurugram, Hyderabad, Mumbai and New Delhi.
The law firm offers sector-specialised legal services, legal representation, and advice to both domestic and international clients. According to JSA, it serves some of India’s leading corporates, Fortune 500 companies, multinational banks, financial institutions and government and statutory bodies.
JSA’s client-centric approach involves partner-led expertise across 20 diverse sectors, including agriculture & forestry, banking & finance, capital markets & securities, defence, education, energy, hospitality, tourism & retail, and healthcare, among others.
Lalit Kumar, partner at JSA, delivered a knowledge session at MoneyX on ‘Navigating The Hurdles Of Exit Strategies’.
JITO Incubation and Innovation Foundation (JIIF)
Founded by Siddharth Jain in 2017, Mumbai-based JITO Incubation and Innovation Foundation (JIIF) is a subsidiary of the Jain International Trade Organisation (JITO) angel network, with Siddharth Jain (Munoth) as the chairman.
It supports its portfolio startups to push for an innovation-driven entrepreneurial ecosystem for social economic development. JITO has more than 450 angel investors and has invested more than INR 147 Cr in 76-plus companies. It has incubated 62 companies under 100-plus mentors from the startup ecosystem.
Some of its portfolio startups are BluSmart Mobility, Magenta Mobility, Finance Peer, Comofi Medtech, Bodhi AI and Chargegrid, among others.
Indian Venture and Alternate Capital Association (IVCA)
Delhi-based IVCA is a non-profit organisation founded in 1993 to promote alternate capital investment to foster India’s investing ecosystem. IVCA facilitates networking between government, policymakers, private equity and venture capital investors with high-growth potential startups.
Board members include Gopal Srinivasan, the chairman & managing director of TVS Capital, and Karthik Reddy, the cofounder and managing partner of Blume Ventures. Some of the key members of IVCA are A91 Partners, 9Unicorns, 108 Capital and 8x Ventures, among others.
Amit Pandey, the vice-president at IVCA, moderated a MoneyX session that featured Manish Kheterpal, the founder & managing partner of WaterBridge Ventures; Ruchira Shukla, the regional lead for IFC’s disruptive technologies and Venture Capital Funds business in South Asia, and Kanwaljit Singh, the founder & managing partner, Fireside Ventures.
The speakers engaged in insightful discussions about the present state of domestic capital contribution in India’s PE and VC industry. They explored valuable lessons learned from Silicon Valley, the impact of regulations on domestic capital investment, and the perspectives of institutional investors, HNIs, and family offices on the Indian PE-VC opportunity, among other relevant topics.
Indian Angel Network (IAN)
Founded in 2006 by Padmaja Ruparel and Alok Mittal, the CEO and cofounder of Indifi Technologies, Delhi-based Indian Angel Network is one of India’s prominent angel networks.
IAN is a SEBI-registered early-stage fund with more than 470 angel investors from 11 countries. Its average ticket size is between $400K and $600K. Since its inception, the network has made a total of 130 investments in portfolio startups across 17 sectors and is operational in seven cities across India.
Some of IAN’s prominent portfolio startups are food startup Box8, clothing startup FabAlley, management SaaS FarEye and ride-sharing startup Orahi, among others.
Established in 2019 by Sushil Sharma, Marwari Catalyst is a Jodhpur-based startup accelerator. Its portfolio has more than 40 startups and supports over 100 founders and 20-plus venture partners.
Active in more than 10 Indian cities, the startup accelerator provides sector-specific expertise, access to funding, mentoring and access to global markets. Some of its portfolio startups include names like Thela Gaadi, Book Cafe, Tinkerly and Jaipur Watch Company.