The eighth edition of DealStreetAsia’s flagship Asia PE-VC Summit in Singapore on Sept 5-6, 2023 promises to be a confluence of top speakers, contextual agenda, editorial-led curated conference experience, trendsetting discussions, and unmatched networking opportunities.
The summit this year has four tracks titled Private Equity & Investment Summit; Venture Capital & Founders Summit; Limited Partners Summit and, Climate Tech and ESG Summit. We also have focused sessions on key markets and sectors that are grabbing investor interest.
We are delighted to unveil four must-attend India sessions that deep-dive into the factors that make one of Asia’s largest economies tick amidst the overall macroeconomic uncertainty and a tepid dealmaking climate.
Register now to take away insights from 10 experts who will share their perspectives and outlook for India in 2024 and beyond.
Can the Indian PE ecosystem stay resilient in a globally challenging year?
Despite the overall global macroeconomic uncertainties and geopolitical tensions over the past year, India seems to have proved its resilience. After growing at 7.2% in 2022-23, India’s economic growth forecast for FY24 is expected to be around 6.4%, per estimates, reflecting the country’s structural fundamentals.
LPs committed a record $10.6 billion to private equity and venture capital firms in 2022, hoping to make windfall gains in the years to come. So far, this year, they have already invested $5.2 billion, while capital amassed in 2021 and 2020 has not been deployed in full.However, the entrepreneurial ecosystem in India has, of late, been mired in controversy with instances of mass layoffs, faulty accounting practices, inflated valuations, and widening losses, putting both LPs and GPs on a cautionary mode. Several mature startups have seen a markdown in their valuations as fund managers carefully reassess the value of their investments.
This panel will explore the macro drivers at play, the valuation regime, and the exit landscape in one of Asia’s most significant markets.
Why LPs should increase India allocations?
Despite recessionary fears and global market headwinds, India seems to be in a safe spot for risk capital investors. Even as global investors may be seen exercising caution, the rise of domestic capital has ensured fundraising momentum. That means, there is dry powder waiting to be deployed in investible bets.
Private equity in India has operated across diverse cycles since the late 90s. ChrysCapital, established in 1999, has seen a spate of investments and exits, marking a successful investment cycle. Over the years, the firm has seen the dotcom bust in 2000, the global financial meltdown in 2008-2009, the COVID-19 pandemic in 2020, and the subsequent global slowdown.
ChrysCapital has raised over $5 billion across nine funds. The firm is currently investing out of its ninth fund. The homegrown PE firm has made over 100 investments and has returned over $6.5 billion to investors through almost 80 full exits.
We will quiz Kunal Shroff on the case for greater allocations for India-focused funds and the uniquely positioned opportunity sets in Asia’s second-largest market.
India and SEA–The two bright spots for VC investing amidst global turmoil?
Global private markets have hit a pause on VC investing since markets reversed last year. But where do India and Southeast Asia stand today? What does this mean for VC funds and how are GPs reading the current landscape?
We speak with the region’s top VC dealmakers to find out their views on areas like fund strategy, opportunities and challenges, and their projections for the market next year.
What is driving BII’s plans to invest $1.6b in climate finance in South & SE Asia?
The UK’s development finance institution British International Investment (BII), formerly CDC, has been looking at “transformative” climate technology projects in South and Southeast Asia, BII has committed to invest up to $1 billion in climate finance projects in India over a five-year period. In SE Asia, it will look at investing over $600 million in a five-year span across Indonesia, Vietnam, Cambodia, Laos, and the Philippines, in both direct investments and funds.
BII’s main focus remains to enable economies to reach the net-zero transition.
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