Prof Viney Sawhney declared that Venture Capitalists are transformation specialists in a sense that are driving the start-up ventures.
Speaking on the role of Venture Capital in India, Prof. Viney Sawhney, Distinguished Professor of Finance, Faculty of Arts and Sciences, Harvard University, USA, appreciated the strides India had taken in establishing a startup Eco-system culture, which had surpassed even that of China, taking India at the third rank in the World.
He said that this has been made possible because of the easy availability of capital in India through the door of venture capital. He was delivering the Annual Jagannath Gupta Memorial Lecture organized by JIMS, Vasant Kunj and Kalkaji.
Responding to a question regarding the need for regulation in the Venture Capital Space, Prof. Viney Sawhney was emphatically against any such move as that would constrict the growth of Venture Capital investing in India. He was of the opinion that the failure of venture capital investing in any Industry could be easily averted if due diligence of the fundraising firm was carried out meticulously by the investors before making any investment.
Prof Viney Sawhney declared that Venture Capitalists are transformation specialists in a sense that are driving the start-up ventures. With them fuelling the would-be unicorns they, are more mentors than mere investors.
Professor Viney Sawhney insisted that Venture Capitalists are growth accelerators and discusses five major trends in India that included more women in India than ever before1. There are more women than men in India (1020 Women for every 1000 Men), 20% more rural internet users than urban users, a short decline in fertility (especially in certain minority communities), and India surpassing China and the US in digital finance, and the Indian economy is only a year away from surpassing the UK's economy.
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Abhay an alumnus of IIMC and Delhi University, has over a decade long experience of reporting on various beats of journalism. During his free time he prefers listening to music or play indoor and outdoor games.