1947 Rise ☀️: 219

India’s coming decade of outperformance

1. India’s coming decade of outperformance

Over the next decade, while the US and China will remain just as important to global investors, we think the ascendancy of India’s economy will mean it features more prominently on their radars. The key lies in the size and scale of India’s opportunity set. We forecast that India will be the third-largest economy by 2027, with its GDP more than doubling from the current $3.4tn to $8.5tn over the next 10 years. Incrementally, India will add more than $400bn to its GDP every year, a scale that is only surpassed by the US and China. 

My colleague Ridham Desai projects that India’s market capitalisation will rise from $3.4tn to $11tn by 2032, the third largest globally.

 For context, India took 31 years since 1991 to raise its GDP by $3tn. According to our projections, it will take just another seven years for GDP to grow by an additional $3tn.

India's coming decade of outperformance

2. Z21 Ventures sets up $5-million fund to invest in early-stage companies

A growing trend in India. 

Founders and operators are launching funds. 

Binny Bansal, founder of Flipkart pioneered it. Ritesh, founder of Oyo launched a family office fund to invest in other founders.

Most recently, Rohit MA is starting his next journey through PeerCapital. Previously he built Cloudnine. Cloudnine would be going public soon.

Today we have Z21 Ventures.

Early-stage venture capital firm Z21 Ventures has set up a $5-million fund to invest in early-stage companies that are looking to drive growth by leveraging technology and talent in India.

The VC firm was founded by Abhinav Shashank and Raj Singh. Shashank is CEO and co-founder of healthcare technology company Innovaccer, which was valued at more than $3 billion in 2021. Singh is the COO and co-founder at Hyperspec AI, a deep tech company developing technology for autonomous driving. He was also one of the founding executives and head of product at Innovaccer between 2017–2022.

Z21 Ventures sets up $5-million fund to invest in early-stage companies

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A podcast episode 

1947 Operator-angels pod with Matilde Giglio, co-founder of Even and an active angel investor

We covered
- What drove her into angel investing
- The importance of having operator angels on the cap table
- Her advise to operators on how to get started with angel investing
- Hiring
- Mental health
& more!

Watch the full conversation on Youtube: https://bit.ly/3A3dC5u

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A tweet

Madhusudanan @onlymadhoo

Why I bet my farm on 🇮🇳 🧵 While there is gloom across the world, 🇮🇳 is shining nd somewhat insulated from how things are playing out 🌍, of course, there were certain business models that thrived over the past few yrs due to easy money nd d party has come to a screeching halt

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Worth your attention:

1. Razorpay can go public in a few years without raising more funds, say company founders Link

2. Fintech SaaS firm Lentra raises $60 million in funding Link

3. Healthcare startup Even raises $15 million in funding from Alpha Wave and Aspada Link

4. Petcare startup Supertails raises $10M in Series A led by Fireside Ventures Link

5. Quona Capital closes $332 million fund to invest in fintech startups in emerging markets Link

6. HR tech startup Keka raises $57 million in funding from WestBridge Capital Link

7. Zoho has crossed $1 billion in annual revenue, says CEO Sridhar Vembu Link

8. VC firm India Quotient returns maiden fund at 5.9x multiple Link

9. D2C startup The Sleep Company raises $21.3 million in round led by Premji Invest Link

Thank you for reading. Please share any feedback, questions or comments with me on Twitter :)