• Ashutosh Sharma, Head of Growth Investments, India & Asia, Prosus
• Arpit Agarwal, Investment Partner, Blume Ventures
• Pratip Mazumdar, Partner & Co-founder, Inflexor Ventures
• Vibhuti Sharma, Correspondent, DealStreetAsia [Moderator]

LPs continue to bet on India’s long-term growth potential, but there’s growing pressure on VCs to execute with discipline. DealStreetAsia data shows that overall PE-VC funding dropped 21% in Q2 2025 versus Q1. Even megadeal activity, while steady in count, saw a notable decline in value.
At the same time, governance lapses at high-profile startups have led to many LPs scrutinising whether Indian VCs can responsibly deploy capital, enforce governance, and deliver viable exits. In this session, we explore the growing disconnect between top-down capital inflows and bottom-up VC execution. Can Indian venture firms rebuild trust and adapt to a more disciplined, return-focused environment?