To establish India as the go-to investable destination for the global LP community and to unleash growth potential for India @100, IVCA Conclave 2023 will be a platform for industry stakeholders to share their knowledge, insights, and engage in a dialogue to build a collaborative and supportive investment community.
Karthik Reddy, Co-Founder and Managing Partner, Blume Ventures, and Chairperson, IVCA, said in a statement, “The rapid socio-economic changes and widespread adoption of technology in India have opened a sea of economic opportunities for the country. To this end, through the IVCA Conclave, we aim to highlight India as the preferred country for investments. Over the years, IVCA has taken a proactive role in regulatory advocacy to drive investment momentum in India. We hope the IVCA Conclave will serve as a platform where investors can share actionable insights and advice to achieve this goal.”
In 2022, Indian companies were able to attract over 50 billion of PE-VC investments, create 23 new unicorns with PE/VC investments contributing around 60% of all FDI investments. Moreover, last year marked ten years of the Indian AIF industry which has grown from strength to strength as providers of capital and expertise in new asset creation.
India boasts an impressive 1057 AIF schemes as of date, which have commanded capital commitments of 88 billion (Rs 6.94 lakh crore) in its 10-year run. Global and Domestic PE/VC funds showed immense trust in the Indian ecosystem investing around $290 billion since 2017. The exits during the same period stood at an impressive $116 billion.
Ashley Menezes, Partner and COO, ChrysCapital, and Vice Chairperson, IVCA, reiterated IVCA’s commitment to “maximising India’s opportunity”: “The Indian economy has remained a beacon of resilience amid the current geopolitical and economic climate. It has furiously bounced back to its pre-pandemic growth trajectory, and we are very excited about the future opportunities. Given the substantial contribution of the Indian alternate assets sector to the growth of India as an economic superpower, I am looking forward to the diverse discussions that would help us explore more ways to maximize the economic potential of the country.”
