Business honchos in China see investment opportunities worth $50 million in the technical sector in India, it was revealed at startup summit held in Bangalore recently.
The Technology Issue Summit, organised by Onionfans, Cyber Carrier, Technology Issue magazine along with Xpressn Labs, had who’s who of the business world in attendance. The speakers shared their views on the marketplace and its future. Jessica Wong, a partner at Cyber Carrier, and Hutu, CEO of Onionfans, gave the welcome speech. Jessica said that Chinese investors are very much interested in investing in India. In fact, 17 investors from the country had flown down to Bangalore to attend the event and network with the local entrepreneurs, she informed, adding that they see a potential for investments worth $50 million in Indian startups.
Hutu said,”The two-day summit would help prop up the capital cooperation between India and China”. Further, he said that their plan was to make the summit a quarterly event as it can help both the countries upgrade their business model and explore the new market.
The first session included a CEO Conclave, where Ravi Gururaj, CEO Qikpod, Bruce, Co-founder at NetMeds, Rohit Bhatt, CEO of 99Games, and Dilip Vamanan, CTO Adcamie expressed their views on ‘Business Trends Shaping in the Future’. Rohit Bhatt, taking the discussion to the next level, demonstrated the gaming future in India and its scope. Later, the discussion moved to FinTech Conclave. The first day of the summit ended with the Investor Conclave. The speakers shared their views on important aspects of investment and what they have been looking for as an investor. Jessica said the Chinese business community is excited about the Indian market. They consider India as a big market. She said that Cyber Carrier team would invest in the SaaS and Fintech sector along with healthcare and education.
The summit took place at Shangri-La hotel in Bengaluru. It witnessed participation from some of the most influential people from the ecosystem like Mohan Das Pai, Partner of Aarin Capital Partners; Prayank Swaroop, Principal of Accel Partners; Deepak Gowda, Vice-president, Ascent Capital Partners; Kay Mok Ku, Partner of Gobi Partners; Parag Dhol, Managing Director, Inventus Capital Partner; Nao Murakami, Partner of Incubate Fund; Venugopal Sathyanarayana, Venture Partner of Orios Venture Partners; Pradeep Dadha, Founder, NetMeds; Ravi Gururaj, Founder, Qikpod; B. Shekher Rao, Founder,Juno Tele; Dilip Vamanan, CTO, Ad Camie; Rohit Bhatt, CEO,99 Games; Greg Moran, Founder, Zoom Car, and Abhor Tandon, Partnership Head, Tracxn.