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1947 Rise ☀️: 209
Announcing the 1947 Rise Fund!
1947 Rise Fund
Announcing the 1947 Rise Fund.
The world’s first fund focused on backing reverse brain drain talent and highly ambitious Indian tech entrepreneurs.
1947 Rise Fund is backed by one of the world's best GPs, founders, and operators.
When a country reaches its inflection point, reverse brain drain becomes inevitable.
We have already seen it play out in China.
We will see it play out in India.
India saw its inflection point in the year 2021.
A whopping $39B was deployed into Indian startups and 11 tech IPOs. Additionally, 44 unicorns were minted in 2021, India has 105 unicorns in total.
Legacies in the making
India has become a land of opportunities.
Now you can move back to India and build a legacy.
In fact, It is already happening.
And it is just the beginning.
Legacies in the making — Urban Company, InMobi, Razorpay, Zetwerk, Icertis, CARS24, LensKart, Zetwerk, Hasura, Apna, Udaan, PhonePe, LEAD, Meesho and 20+ more unicorns.
These companies are founded or co-founded by returnees.
Through the 1947 Rise podcast — we have been helping in accelerating the speed of reverse brain drain.
We are now moving a step forward.
Through 1947 Rise Fund we are looking to increase our impact by backing reverse brain drain talent and highly ambitious Indian tech entrepreneurs with capital and network.
1947 Rise Fund is actively investing in pre-seed and seed stage startups.
2. Will startups find India to be a happy stomping ground where it’s easy to start up, scale up, or…
The last decade of Indian entrepreneurship has resulted in over 100 unicorns with $100 billion being invested and more $300 billion in value creation by these startups. India’s startup ecosystem will be a market of more than 500 unicorns by 2030, by one estimate.
In 2021, India surpassed China in terms of minting new unicorns for the first time. It was third place in terms of active, privately held unicorns, according to Bain & Co. However, more venture capital funding poured into China — 2.7 times that into India. Still, Indian startups are set to account for a big chunk of domestic stock indices by 2030. Likewise, as India aspires to the $5 trillion and $10 trillion GDP landmarks, the country’s technology sector could contribute as much as a third.
There will be a resurgence of the Indian startup ecosystem, which is expected to focus on building for global opportunities, not just solve domestic challenges. With Indian software startups already taking global peers head on, Indian fintech solutions are next in line to be major exporters. This can be seen through Indian-centric innovations such as the Unified Payments Interface (UPI) and RuPay gaining acceptance in markets such as Singapore and the UAE.
Worth your attention
Retention platform CleverTap bags $105 million in fresh funding Link
EarlySalary eyes $100 million from TPG, Norwest Link
Zandu scion Nihar Parikh sets up a family office for healthcare bets Link
Web3 startup Lysto raises $12 million in funding Link
CoinSwitch launches Web3 Discovery Fund for emerging blockchain startups Link
Oyo acquires Danish chain Bornholmske Feriehuse Link
SoftBank, others may pare FirstCry stake pushing company valuation to $4 billion Link
7.3% Of India Population Owned Cryptocurrencies In 2021: UNCTAD Report Link