26 Indian startups launch Japanese investors in Nasscom's Japanese venture capital network
CHENNAI Nasscom 's Japan VC Network concluded its two days start up Tokyo launch session on Thursday in order to connect Indian technology entrepreneurs with foreign capital.
An initiative result of a partnership between Nasscom and the Embassy of India, Tokyo, the Japan VC Network brought together 26 technology start up s from India who travelled as part of Nasscom delegation to Tokyo and presented their ideas in front of more than 125 Japan ese Institutional Investors in a live launch session.
The investments over the next few days have been foreseen to be Series A/B/C level, where founders are looking to raise a sum of more than $ 2 million up to a maximum of $ 40 million, Nasscom said.
Aibono Smart Farming, ASIMOV Robotics Pvt Ltd, FreightBro Logistics, HealthifyMe Wellness, HyperXchange, Medikabazaar, Skillenza, and others form part of the 26 start up s who presented their business at the Tokyo pitch session.
Following the pitch sessions, more than 180 one-on-one meetings averaging a minimum of seven meetings and maximum of 12 per company were also arranged for these companies to meet with interested Japan ese investors.
"We are simply overwhelmed with the number of institutions that have come out in large numbers to meet with this unique bouquet of innovative start up s from India and we are confident that this one of a kind Nasscom Japan VC Network will further stimulate the Japan -India partnership in this age of digital era and will expedite participation and active deal flow from Japan to Indian start up ecosystem," Debjani Ghosh, president, Nasscom , said.
"The skill set, the core competence, the business processes and the demographic situation that we [India and Japan ] bring together are so complementary in nature that we benefit each other by partnering," Sanjay Kumar Verma, Indian Ambassador to Japan , said in a statement.
With over $15 billion investments globally in the last five years, the Japan ese Venture Capital and Corporate Venture Capital investment has witnessed a steady growth of 79% year-on-year.
The participating corporates and venture capitalists who registered for the Nasscom Japan VC network have invested in approximately 1,200 portfolio companies with 1,300 investment transactions globally.