The year 2015 reported $9 Bn of total investment in startups, making India the fourth-largest base for young businesses in the world. With over 3000 technology startups, mostly based in Bangalore, Mumbai, Delhi-NCR and Pune, India is expected to be the largest startup market with over 11,500 startups by 2020.
In its endeavor to connect startups with a global pool of mentors, investors, collaborators and business leaders, The Indus Entrepreneurs (TiE) is organising TiECON Mumbai 2016 themed on Transformation Lead By Disruption.
TiECON is held in over 15 cities globally and it is regarded as one of the world’s largest entrepreneurial forum. TiECON Mumbai 2016 will be a melting pot of entrepreneurs, mentors, investors and businesses from across the globe – bringing together the complete entrepreneurial ecosystem. It seeks to be a point of convergence for entrepreneurs around the world who have set the ball rolling for a change with their disruptive business models and transforming the way business is conducted.
At the same time, it will be a platform for all aspiring entrepreneurs to turn their bright “startup ideas” into reality by connecting them with a global pool of mentors, investors, collaborators, business leaders, etc.
We caught up with Dhanpal Jhaveri, President – TIE Mumbai chapter and Managing Partner – Private Equity at Everstone, an India and Southeast Asia focused private equity and real estate investor with approximately $3 Bn of assets under management to know more about TiECON Mumbai and the current startup investing scenario is India.
Here are the edited excerpts:
Inc42: What is the reason behind choosing the theme of ‘Transformation’ this year?