Agritech, fintech, life sciences to attract new investments

Hyderabad: Investors loosening their purse strings, growing market size, and innovations happening at a faster pace, are some of the factors moulding unicorns (private startup companies) that are valued at over $1 billion. In days to come, agritech, fintech, drug discovery, medical devices, software-as-a-service and others will be the key areas that will attract new […]

Hyderabad: Investors loosening their purse strings, growing market size, and innovations happening at a faster pace, are some of the factors moulding unicorns (private startup companies) that are valued at over $1 billion. In days to come, agritech, fintech, drug discovery, medical devices, software-as-a-service and others will be the key areas that will attract new investments, said industry experts.

T-Hub CEO M Srinivas Rao chaired the session ‘Unicorns of 2021: Demonstrating Power of Innovation’, organised on the sidelines of the 24th National Conference on e-Governance in Hyderabad on Friday. Vamshi Krishna Reddy, Partner of Kalaari Capital, said the access to capital is comparatively easier to the newage companies. Investors are willing to consider investing in fintech and education sectors. They are also inclined at social investing.

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“Unicorns are now mainstream as the valuations have increased. While this is a welcome sign, it will be prudent to consider what kind of revenues are coming, employment generated, value addition happening and customer benefit. There are new opportunities for startups in Tier II and III cities,” said Deepthi Ravula, CEO, WE-Hub.

“Many are first-time entrepreneurs. Inculcating discipline in consumers is key. Also many entrepreneurs, particularly women, do not seek venture funds in the initial days. Also, the financial documentation is wanting in some areas,” she pointed out about the challenges.

Mapmygenome.in CEO Anu Acharya said some biases creep into the system. “I am referred to as a woman entrepreneur. Whereas we have never heard anybody saying he is a male entrepreneur. Men or women, it does not matter. What matters is the problem being solved. Funding in the biotech segment is difficult due to the long gestation cycles. More innovation will happen as the Covid has stressed the importance of being self-reliant. More indigenous kits are needed with focus on the right price and quality to be a long term player,” she said.

Prashant Muddu, JOCATA Financial Advisory and Technology CEO said the fintech sector presents a lot of growth potential with new products and services.

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