This VC Firm Aims To Fund Companies That Serve the Big-Middle Category In India

While there are many VCs that have heavily invested in e-commerce and technology-enabled startups, very often you come across firms that invest in companies that specifically invest in products which cater into a certain group of people.

In a conversation with Entreprenuer India, Sahil Kini, Principal at the early-stage VC Aspada Investments, spoke about what he really values as an investor and gave his perspective about other industry aspects.

Who forms the “big-middle?”

“The markets what we like serving are essentially what we call the “middle-middle”. If you divide India into per capita house hold income, there are those who fall below 2 lacs per annum, they are essentially poor. Then there is a top layer of $70 million people that earn more than 10 lacs, in the middle lies half a billion people who earn between 2 lac and 10 lac per annum. That’s the segment that we are really investing!” he says

According to Sahil a lot of VC firms in India are significantly influenced by American firms that majorly serve the “10 lac per annum” category and also have the tendency to invest in models that have been proven successful elsewhere.

More about the portfolio

Aspada’s India portfolio consists of startups like  LEAF – an end-to-end fresh fruit and vegetable supply chain company, INI Farms, exporter of pomegranates, EM3 Agri Services -which provides farm mechanization services from land preparation to crop harvesting on a pay-per-acre basis, Reverie Language Technologies – which provides an end-to-end Language-as-a-Service (LaaS) platform and others.

“We are interested in serving the big middle and this category’s behaviour is different! If you want to serve them, then you’ll have to build businesses where they spend money,” Sahil said.

Healthcare, education and agriculture are some of the categories he believes the big-middle section spends.

Sahil was previously, Founder & CEO of MagnetWorks, a startup which built Industrial IoT systems.

Agriculture – a big sector

A lot many of the portfolio’s startups cater into the agritech space. Sahil said that India still is an agrarian economy and therefore you cannot ignore agriculture if you need to build a fund that caters to this section of the society.

Talking about how he selects startups in that domain, Sahil said that when you talk about sectors like farming and healthcare, you need to have some amount of experience in that field and disciplined regarding operations.

Entrepreneurs; read this before you approach Aspada for funds!

Sahil said that any entrepreneur approaching them, irrespective of their sector, should firstly understand what the fund’s main focus is. “I think every sector in India has a particular thesis. But every investor also has his own thesis. I think it’s very important before you approach any investor, to understand what their thesis is. What do they look for in their investments? That answer varies from fund to fund, and sometime from one fund manager to another fund manager,” he adds.

In Aspada’s case, an entrepreneur should have a sense of purpose, serve the big-middle category with basic services, which others take for granted. Since the firm signs Series A cheques, it also looks for a stable team prior to funding.

 

 

 

 

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with My Homework Geeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

escort

-
eskişehir escort

escort

-
eskişehir escort
Live ChatWhatsApp

escort

-
eskişehir escort