Technology Led Disruption In India

Travel restrictions and service disruptions continue to change the way business is conducted around the world. Navigating this new world is something all family offices and other businesses need to learn how to do quickly, to avoid losing our momentum.

This is why we have added to our portfolio of well-established global family office events and created our own Roundtable Session; an interactive engagement model that allows for superlative networking opportunities.

At this Roundtable Session, TC Meenakshi Sundaram, Founder & Managing Director, Chiratae Ventures India Advisors, presented the Technology Led Disruption in India. This session covered the potential of the technology sector in contributing to GDP and market capitalization in the next 10 years, investing in Deep Tech, and the fastest growing sectors in the post-COVID era.

What did we learn from this session?

  • Contribution of tech stocks market cap as part of US GDP is 30%+ compared to 8% by listed IT companies in India, while the private (VC funded) tech companies in India already valued at 7% of GDP
  • India tech opportunity is starting to emerge with 500m+ internet users, 100m e-commerce buyers with $ 2,000/per capita income going to 1 billion internet users, 400m e-commerce buyers with per capita income of $ 8-10,000 over the next 10 years; already 3rd largest contiguous market led by domestic consumption demand.
  • COVID is a tailwind event for the tech sector and accelerates its growth especially start-ups that are disrupting or creating new businesses
  • Chiratae Ventures, India’s only home-grown VC fund with 3 funds and 14 years of experience building several unicorns and market leaders with industry-leading performance supplemented by a structured co-investment program for LPs to enhance their returns further