Leading disruptors to converge at Asia PE-VC Summit 2017

At the Asia PE-VC Summit 2017, we are bringing together prolific entrepreneurs who are disruptors in their respective fields and are being pursued by investors to help turn their ambitious plans into reality.

Our speakers include:

— The man who raised one of the largest funding rounds in Asia this year and is disrupting India’s financial services sector — Vijay Shekhar Sharma, Paytm

— The serial entrepreneur behind one of the largest internet exits in ASEAN (iProperty) whose latest startup is a company many see as the Netflix of Asia that could arguably be Malaysia’s first unicorn (iflix) — Patrick Grove, Catcha Group

— The man whose entrepreneurial journey started in a university dormitory and who is now planning to raise $100 million at a valuation believed to be upwards of $500 million — Shashank Dixit, Deskera

— The founder of a sprawling creative ecosystem who is planning to list Asia’s largest stock library (123RF) at a valuation upwards of $220 million — Andy Sitt, Inmagine Group.

Register now to attend Asia’s largest sector-agnostic PE-VC conference and hear their stories.

Meet Our Speakers: 

Vijay Shekhar Sharma

CEO, Paytm

Paytm, the Indian fintech unicorn, raised one of the largest funding rounds in Asia this year, announcing a $1.4 billion investment from SoftBank Group in May. That deal gave the company a post-money valuation of about $7 billion.

At the time of the deal announcement, Paytm founder Sharma said the company will use the funds to acquire 500 million new customers and launch a slew of financial services products such as wealth management, insurance and deposits and loans.

With such ambitious plans, it is no wonder that the company has kicked into an overdrive of late. In the last few months, it has diversified itself into a digital bank, invested in an event ticketing platform and a loyalty programme startup, and formed a JV with a Hong Kong-based mobile game developer.

According to news reports, it is also interested in buying a stake in online grocer BigBasket, and is planning to launch a messaging service to rival Facebook-owned WhatsApp.

Also Read:

India’s leading digital payments firm Paytm raises $1.4b from SoftBank

India: Alibaba, Paytm conducting due diligence on BigBasket stake buy

Indian payments major Paytm plans messaging service to rival WhatsApp

Patrick Grove

Co-founder and Group CEO, Catcha Group

Serial entrepreneur Patrick Grove has founded and taken five companies from startup to IPO in the last 13 years. He earlier sold iProperty Group to a News Corp company in a transaction valued over $534 million, marking one of the largest Internet exits in ASEAN history.

Catcha Group’s latest business, subscription video-on-demand startup iflix, recently closed a $133 million funding round led by Hearst Communications, a US-based media, information and services conglomerate. Other investors in the round included Singapore-based EDBI and clients of DBS Private Bank.

With a valuation believed to be close to $700 million, iflix could be the first unicorn startup from Malaysia (since Grab is a Singaporean company).

While a comparison with Netflix appears obvious – many have dubbed it ‘the Netflix of emerging markets’ – Grove says he is not competing with the US service but against pirated content. For now, he has ambitious plans for iflix – cross 1 billion subscribers by 2020.

Also Read:

Singapore’s EDBI joins $133m round in iflix led by Hearst Communications

Shashank Dixit

Founder and CEO, Deskera

Cloud-based ERP software provider Deskera traces its roots to the university dorm of the prestigious Indian Institute of Technology (IIT) in the city of Kanpur.

During their final year of college, Dixit and the three co-founders—Somesh Misra, Brajesh Sachan, and Paritosh Mahana— had built software for a local outlet near the campus to enable its offices in different locations to work on a common set of accounts.

From those humble beginnings to reporting just under $42 million in revenues in 2016, it has been a long journey for the SaaS startup. Today, it calls San Francisco, California, as its headquarters and has offices in Singapore, Malaysia, Indonesia and India.

Deskera is now working on building a marketplace, which Dixit says will be the world’s first integrated B2B marketplace, similar to what Vijay Shekhar Sharma has done in the area of mobile payments with Paytm. An extension of this will see the company launch B2B wallet services, as it tries to become a one-stop solution for payment and transactions for its client base.

To finance its plans, it is in talks to raise $100 million from PE players at a valuation believed to be upwards of $500 million.

Also Read: 

Cloud-based software provider Deskera makes big India push, in talks to raise up to $100m from PE players

Andy Sitt

Co-founder, Inmagine Group

Inmagine Group owns 123RF, Pixlr, Inmagine, StockUnlimited, designs.net, Thehungryjpg, Craftbundles and Soundbounce.

123RF, Asia’s largest crowdsource stock library with over 75 million assets, is planning an IPO later this year. The company, which was looking at an ASX listing till recently and a valuation of over $220 million, appears to be in a position to also consider other stock exchanges in developed markets — Hong Kong, US, Japan, Singapore or even London.

In February, co-founder Andy Sitt told this portal that the company was looking for a ‘bigger IPO’ after it announces some acquisitions.

Sure enough, the acquisitions have followed. In August, 123RF announced the acquisition of Pixlr, a cloud and mobile photo editor from US-based software firm Autodesk Inc. The deal followed the purchase of UK-registered online design marketplace TheHungryJPEG in July by Inmagine.

Also Read: 

Exclusive: 123RF defers listing to year-end; eyes over $220m valuation

123RF buys mobile photo editor Pixlr from Autodesk, beefs up portfolio before IPO

Stock photo startup 123RF acquires design marketplace TheHungryJPEG

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.