- Mayur Sirdesai, Managing Partner & Founder, Somerset Indus Capital Partners
- PR Srinivasan, Founder & Managing Partner, Xponentia Capital Partners
- Vijay Dhanuka, Managing Director, Motilal Oswal Alternates
- Paramita Chatterjee, Editor (India), DealStreetAsia (Moderator)
Despite the overall global macroeconomic uncertainties and geopolitical tensions over the past year, India seems to have proved its resilience. After growing at 7.2% in 2022-23, India’s economic growth forecast for FY24 is expected to be around 6.4%, per estimates, reflecting the country’s structural fundamentals.
LPs committed a record $10.6 billion to private equity and venture capital firms in 2022, hoping to make windfall gains in the years to come. So far, this year, they have already invested $5.2 billion, while capital amassed in 2021 and 2020 has not been deployed in full.
However, the entrepreneurial ecosystem in India has, of late, been mired in controversy with instances of mass layoffs, faulty accounting practices, inflated valuations, and widening losses, putting both LPs and GPs on a cautionary mode. Several mature startups have seen a markdown in their valuations as fund managers carefully reassess the value of their investments.
This panel will explore the macro drivers at play, the valuation regime, and the exit landscape in one of Asia’s most significant markets.
