Investors are increasingly betting big on the great consumption trend. The global pandemic has brought altered consumption patterns and user behaviour to sharp focus.
Consumer-oriented sectors have had to digitalize their businesses to survive the onslaught of the pandemic. As economies rely on domestic consumption themes, will the sector continue to see buyers prioritising “need to have” over “good to have” products and services?
At the Asia PE-VC Summit 2020, we have put together a panel – The road ahead for consumer-focused investors in India and SEA – to delve deeper on this theme.
The topic is particularly relevant when economies across diverse regions are witnessing a slowdown due to the COVID-led fog of uncertainty. After all, the sector is at an interesting crossroads. Even as several sub-sectors within it such as healthtech, edtech, packaged goods, personal care and essentials are witnessing traction, one can’t deny that the larger consumer segment is also directly linked to the economy of any nation.
Some questions weighing in on people’s minds are: Will the recession in diverse regions pull down the growth of the sector? Does digitalization alone mean success for the industry?
Hear our panelists Nicholas Cator, managing partner at Venturi Partners, Deepak Shahdadpuri, managing director at DSG Consumer Partners, and VT Bharadwaj, general partner at A91 Partners share their perspective on the segment getting redefined by the region’s millennial population.
Earlier this year, Venturi Partners was on the road to raise $150 million for a new consumer-focused fund to target growth investments in India and SEA, while DSG Consumer Partners made its final close of its third fund at $65 million last year. Venture capital firm A91 Partners, established by former partners at Sequoia Capital India, also closed their maiden fund at $351 million last year.
Cross-border investments gather steam
We have also put together another session titled – India-SE Asia: Cross-border venture investing on the rise? The topic gains significance as a slew of fund managers gear up to broaden their geographic investment scope.
Akshay Bhushan, partner at Lightspeed (India and SEA), Raj Dugar, managing partner, India & Southeast Asia at Eight Roads Ventures and Kee Lock Chua, CEO at Vertex Holdings will explore the risk-returns profile of conducting deals across diverse markets, managing differences in valuation, exit timelines and LP expectations as gaps between regions diminish.
Recently, Lightspeed opened its first regional office in Singapore to facilitate its expansion with a focus on Indonesia and Singapore, while Eight Roads Ventures has already partnered with founders to build businesses across technology, consumer and healthcare sectors in the region.
Vertex, on its part, is also betting big on cross-border synergies to realize the greatest value of its funds and portfolio companies. Mid last year, the venture capitalist raised as much as $230 million in the first close of its fourth Southeast Asian fund to back technology startups across the region and India.
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