1947 Rise ☀️: 335

India is worth it, Tech would play a big role in India’s GDP

1. India not for the fainthearted, but worth it: Lightspeed’s Bejul Somaia after Sequoia’s exit

India’s potential remains “incredibly compelling” with its sizeable market, high-quality founders and one-way adoption of technology, Bejul Somaia, partner at Lightspeed Venture Partners, said in a note posted on Twitter. “The question is not whether there is potential, but how best to navigate this potential.”

“India is not for the faint hearted. India is tough. But India is worth it,” Somaia, who has been investing in the India market since 2008, added.

India not for the fainthearted, but worth it: Lightspeed's Bejul Somaia after Sequoia's exit

2. Target is to have technology be 20 to 25 percent of the Indian GDP by 2025–26 says IT Minister Rajeev Chandrasekhar

The Indian Government has set a goal of making technology 20–25 per cent of the nation’s GDP by 2025, India’s IT minister Rajeev Chandrasekhar said while addressing Indian American entrepreneurs and asked them to be part of this story of India.

Target is to have technology be 20 to 25 percent of the Indian GDP by 2025-26 says IT Minister…

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A podcast 🎙

1947 Rise ✨

My conversation w Radhika Gupta is live!

We covered:

- Why moving back to India was the best decision
- Courage to establish India's first domestic hedge fund
- Why we need more women in the workforce
- One policy change to encourage women in workforce
- Financial literacy in Women
- Importance of women investing
- Three individuals, she'd invite to dinner and why?
- What's her day like?
- Future aspirations
- Why she doesn't want to be a finance minister?
- Who is she outside of work
& much more

Full conversation: https://bit.ly/3X5Jn8h

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Worth your attention:

1. Lenskart’s $600 mn funding gives early investors including SoftBank a big exit Link

2. Flipkart and PhonePe could be $100 billion businesses in India, says Walmart CFO Link

3. Pet food brand Drools raises $60 million from L Catterton Link

4. Construction material firm Infra.Market to raise $150 mn from Varde Partners Link

5. Physics Wallah partners with Xylem, to invest ₹500 crore in next 3 years Link

6. Financial irregularities found at healthcare startup Mojocare after review, say investors Link

7. Bengaluru-based space tech startup Digantara raises $10 million in funding led by Peak XV Partners Link

Hey there, awesome folks! Big props for checking out my piece. If you’ve got any thoughts, feedback, or questions, hit me up on Twitter!