Mohit Bhatnagar is the managing director of Sequoia

Bhatnagar gave examples of the journey of Amazon and Pine Labs

Bhatnagar additionally acclaimed the achievements of Zoho and Freshworks

What does enterprise capital firm Sequoia look in startups? While this query takes away the sleep of the founders of quite a few startups the world over, Mohit Bhatnagar, managing director at Sequoia, lastly revealed info that can be helpful for founders.

Speaking on the sidelines of the 14th Digital India Summit organised by IAMAI, Bhatnagar stated that the VC firm appears to be like for startups which have the potential to not simply develop into nice however legendary. He additional defined that startups flip legendary after they have the persistence to develop and has the potential to vary the established order.

Addressing the viewers, which included startup founders and different traders, Bhatnagar listed out the necessary elements which assist a startup to develop massive. Citing the instance of Amazon, which battled for practically twenty years to lastly take over its largest competitor Walmart, he stated that the corporate ought to have the potential to remain there within the trade for a for much longer interval.

On the a part of worth creation, Bhatnagar gave the instance of Pine Labs, which began as a fintech SaaS firm and is now partaking all of the stakeholders of the retail funds ecosystem. Recently, Pine Labs has raised an undisclosed quantity from the worldwide funds big Mastercard.

Another necessary issue for startups to come back and hit the market straightway is the time of incorporation, in response to Bhatnagar. “For instance, BharatPe, which has been backed by Sequoia came at the right time when unified payments interface (UPI) led payments has just become an attractive opportunity,” he added.

One of the important thing components that startups the world over at the moment are bringing to the desk of traders is the chance of including the following 200-300 Mn customers, which nonetheless stays underserved. Citing one such instance, Bhatnagar highlighted that neobanks are coming as a promising alternative as they’re bringing worth within the lives of customers which have been uncared for by conventional banks. Notably, Sequoia has not too long ago invested in neobank Nupay.

During his key speech, Bhatnagar additionally acclaimed the journey of SaaS giants Freshworks and Zoho, which grew to become profitable in India after which continued the spree in different nations as effectively. “If you can make a profit in India then you can make a profit anywhere in the world,” Bhatnagar reiterated the narrative.

Highlighting how expertise has disrupted all of the industries the world over, Bhatnagar stated that in 2007 all the highest 10 corporations when it comes to value-size belonged to totally different industries comparable to manufacturing, petrochemical, and infrastructure. However, in only a span of a decade, all the businesses, which have the very best market cap, now belong to the tech trade, Bhatnagar added.

Author

Aman is a latest postgraduate in English Journalism. He at the moment writes on startup ecosystem and expertise. You can write to him at [email protected]





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