20% more Rural Internet Users than Urban Ones –Harvard University Professor, Viney Sawhney

Jagannath Gupta Memorial Lecture by Prof. Viney Sawhney, Professor, Finance at Harvard University on 27th May 2022 (6:30 pm to 8:00 pm)
By: JIMS VK
 
DELHI, India - May 30, 2022 - PRLog -- New Delhi, IHC, Lodhi Road. JIMS organises, the Jagannath Gupta Memorial Lecture by Prof. Viney Sawhney, Professor, Finance at Harvard University on 27th May 2022 (6:30 pm to 8:00 pm). Dr. Amit Gupta, Chairman, JIMS welcomes Prof. Sawhney, who enthralls the gathering of eminent guests, faculties and students with his comprehensive take on Venture Capital, with special emphasis of Unicorns. Prof Viney, declares that Venture Capitalists are transformation specialists in a sense that are driving the start up ventures. With them fuelling the would-be unicorns they, are more mentors than mere investors. Professor Viney Sawhney insists that Venture Capitalists are growth accelerators and discusses Five major trends India that included more women in India than ever before1. There are more women than men in India (1020 Women for every 1000 Men), 20% more rural internet users than urban users, a short decline in fertility (specially in certain minority communities), India surpassing China and the US in digital finance, and the Indian economy is only a year away from surpassing the UK's economy. Prof. Sawhney speaks about venture capital and calls it a "hard commodity" and "risk money" that is handed to a founder for a certain amount of time. He also states that finding venture money is the toughest task, and the profit earned from venture capital is shared in the proportion of 80:20, where 80% is provided to limited partners and the remaining 2% to general partners, with an additional 2% management fee. Prof. Sawhney highlights for us that India saw 46 unicorns in the year 2021, of which the most valuable is Flipkart and the fastest is Mensa Brands. He further explains that there are 13 female unicorn founders like Nykaa, Byju's, Mamaearth, etc., out of which 8 of them started their ventures in 2021. He states that Bangalore remains the largest unicorn hub, followed by Delhi and Mumbai, making India the 3rd largest unicorn hub in the world. He also shares his thoughts on what it takes to be a founder, stating that one must broaden their vision, have bright ideas, passion and perseverance, be able to overcome failure, and be able to fall for adversity. The session ended with a Q & A round followed by a vote of thanks.

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