India lacks robust M&A market for tech firms: Sapphire Ventures’ Das

India lacks robust M&A market for tech firms: Sapphire Ventures’ Das

Sapphire Ventures managing director Jai Das.

Venture capital firm Sapphire Ventures has previously invested in companies such as Paytm, Just Dial and Newgen Software Technologies. The company, which was once the corporate venture capital arm of enterprise software giant SAP, is currently investing out of its third fund with a corpus of $1 billion. In an interview, Jai Das, managing director at the B2B/enterprise tech-focused VC firm, talks about the fund’s focus on India, growing interest in B2B start-ups and new emerging opportunities in the enterprise software space that investors are chasing. Edited excerpts:

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