In this episode of The India Opportunity Podcast, we talk to Piyush Goenka from Prath Ventures, a new venture capital fund focused on investing in early stage consumer businesses. Prior to launching Prath, he was a Partner at Tano Capital, a private equity fund of 200M dollars AUM, where he backed phenomenal success stories such as Arohan Financial Services, an NBFC company and Safari - the travel luggage company which he saw grow from a market cap of 200 Crores to over 10,000 Crores. Prath’s recent investments from the new fund have been Jimmy’s Cocktails, Assembly and Aukera - all very interesting consumer businesses being built in India. They ideally want to be the first institutional investor when founders are raising their seed or series A rounds and the first cheque for them is usually between 3-15 Crores which is roughly 500K-2M USD. Excited to deep dive with Piyush into the consumer landscape in India today, and his plans for Prath in the future. Founders who are building consumer businesses, you will gain a lot of rich insights from Piyush’s experience about business building as well as fundraising.
Hosted by Shrishti Sahu, Managing Partner of SSV. The India Opportunity Podcast offers insights from visionaries shaping India's future. Brought to you by Swadharma Source Ventures (SSV), the family office of The Sahu Group. Learn more: [ Ссылка ]
Timestamps:
00:00 Introduction and Childhood
03:50 Career Journey: Equity Research Analyst to Launching Prath
08:15 Choosing Seed to Series A Stage
11:27 Macro View of the Consumer Space in India
25:19 Shift in Scale and Revenue Opportunities in the Consumer Space
30:20 Prath's Investment Process and Focus Areas
34:08 Building Consumer Brands in India
43:18 Focus on Health and Wellness, Home Improvement, and Gen Z
52:23 A Different Approach to Investing in Consumer Brands
01:01:14 Challenges and Successes in Fundraising for Prath
01:07:25 Understanding the Different Stages of Investing and the Fundraising Environment in India
01:12:57 Building PrathVentures as a Partner of Choice for Early-Stage Consumer Founders
01:19:13 The Role of Luck and the Importance of Rigorous Processes in Investing
01:23:12 The Impact of Vipassana and the Pursuit of Continuous Improvement
01:29:41 The Kindness and Influence of Sudhir Chatterjee in Piyush's Professional Journey
Disclaimer: The content presented in this podcast is for informational purposes only and should not be considered financial advice. Viewers are encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.
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