June 26, 2024: The recently launched Venture Capital (VC) Council by the Indian Venture and Alternate Capital Association (IVCA) for the 2024-26 term will focus on empowering micro VCs, facilitating fundraising efforts.
Furthermore, the council will foster connections with seasoned general partners and domestic institutional investors. A step toward strengthening the entire VC ecosystem.
The new council will be Co-chaired by Rajan Anandan, Managing Director at Peak XV, and Prashanth Prakash, Founding Partner at Accel India, with Manish Kheterpal, Co-founder and Partner at WaterBridge Ventures, as vice-chair, the council aims to drive significant growth and innovation.
“India, the world’s third-largest startup ecosystem, has emerged as a top investment destination. IVCA’s Venture Capital Council aims to promote this growth by increasing domestic investment, improving governance standards, and attracting new capital for emerging sectors,” said Anandan.
Despite global economic challenges, India remains a hub for innovation and entrepreneurship. “At this interesting crossroad, IVCA’s Venture Capital Council aims to advance the VC ecosystem, effectively catalyzing job creation, mainstreaming entrepreneurship, and contributing to India’s adoption of deep tech alongside inclusive growth,” said Kheterpal.
IVCA’s New VC Council to focus on Micro VC’s and Investor Exits
The council plans to focus on optimizing exits and IPO opportunities for both investors and startups. Additionally, it will collaborate with the Government of India to establish specialized funds to channel resources into high-potential sectors.
“The Indian startup ecosystem has been booming over the last few years, fueled by support from VCs, PEs, and government policies and regulations. By empowering first-time fund managers with knowledge of key strategies in fundraising, capital deployment, portfolio supervision, governance, and reporting, we can take India’s startups to new heights,” said Prakash.
The previous Venture Capital council successfully facilitated crucial meetings between VCs and government bodies, including the Small Industries Development Bank of India, Insurance Regulatory and Development Authority, Department for Promotion of Industry and Internal Trade, Ministry of Commerce, and key policymakers. The new council will build on this foundation, addressing top regulatory and fundraising challenges.
With a clear agenda and dedicated leadership, IVCA’s new VC Council is poised to drive significant advancements in India’s startup ecosystem. By fostering a collaborative environment and providing critical support to micro VCs, the council aims to unlock new opportunities for innovation, growth, and economic development.
