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With so many Indian startups achieving unicorn status, in 2021, the situation begs an answer to the question:
# Is this growth sustainable? # Is it a bubble? # What does this mean for foreign and Indian investors?
To understand this better, in today’s episode, we’ve brought Anjali Bansal, founder of Avaana Capital.
Anjali was previously Partner and Managing Director with TPG Global, Strategy consultant with McKinsey and Co in New York and India. She’s also former non-executive Chairperson of Dena Bank, where she successfully led the resolution of the stressed bank. She works closely with the government and is associated with NITI Aayog Women Entrepreneurship Platform, Digital Platforms, and Atal Innovation Mission.
Some of her portfolio companies and startups she regularly mentors include Delhivery, Nykaa, Safari, Alphavector, Lenskart, Urban Company, Darwinbox, and Loantap.
During the episode, Anjali talks about the volatility in the Indian startup ecosystem, the opportunities for entrepreneurs and investors; she also shares learnings from the winners in her portfolio and much more.
Notes - 00:40 - Intro and background 02:55 - Working at ISRO and early career 04:59 - Ideology behind Avaana Capital 08:22 - Is the Indian startup ecosystem in a bubble? 17:21 - Common patterns and learnings from the winners 20:50 - Mistake: Investing in the idea and not the team 22:44 - Ability to move quickly as a fund 34:49 - Learnings from early-career at Mckinsey 36:29 - Potential in Indian startups 41:01 - What all she prefers to read on a daily basis
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