A report by the United Nations Conference on Trade and Development (UNCTAD) on World Investment that was released in 2016, stated that India was number 10 in the list of the top 10 countries which had attracted the highest FDI inflows globally in the year before (2015). In 2016, as well, India received $21 Bn FDI investments from April-September, a rise of 30% Y-o-Y.
Various international delegations have been visiting India to explore startup partnerships here, such as UKTI – UK Trade & Investment from UK, India New Zealand Business Council, India-Russia Chamber of Commerce, delegates from the US, Japan, Germany, Spain, Singapore, Netherlands and so on. Such international partnerships provide Indian startups with multiple benefits – a global stage to operate in, unmatched mentoring panels with international experts, opportunities to network and expand their vision, robust and tested growth models and access to information as well as resources.
From the resurgent global investor interest, it can be assumed that venture capital is here to stay in India.
However, a joint statement by India’s Prime Minister Narendra Modi and Japan’s Prime Minister Abe points to a gap in this area. One of the countries keenly investing in India through the venture capital approach is Japan. The way forward is to take Indo-Japan bilateral ties to high levels of collaboration and partnership.
Plugging this gap entirely will take time but one of the pioneering platforms to focus on filling this funding gap is GHV Accelerator founded by Vikram Upadhyaya. GHV has formulated this strategic channel as a successful model, by driving and nurturing ties with Japanese institutions, while enabling startups to leverage these partnerships to grow.
GHV harnessed the potential of the India-Japan collaboration by launching a partnership with WiL (World Innovation Lab) and MT Partners in 2014, to tap the potential of the Indo-Japan Startup Ecosystem. WiL has $360 Mn under investment, according to this report by Venture Beat and is focussed on creating and nurturing global startups into sustainable enterprises. Through this partnership, GHV has managed to build strong corporate partnerships with Japan’s Fortune 500 companies like Mizuho, SMBC, 7i Holdings, ANA Airlines, Mori Buildings, Docomo and many more.