SVB’s second annual State of the Markets India Report has launched. Join us for a discussion on the Indian startup ecosystem and diaspora network featuring:
Special Guests:
· Anita Manwani – President, TiE Silicon Valley
· Dev Khare – Partner, Lightspeed India
· Sanjay Nath – Partner, Blume Ventures
SVB’s Global Gateway Team:
· Andy Tsao – Managing Director, SVB Global Gateway
· Ella-Tamar Adhanan – Senior Vice President, SVB Global Gateway
SVB Market Insights Team:
· Liz Cahill – Senior Researcher, SVB Market Insights
While venture funding has cooled globally — and India is no exception — we may see less headline making deals. Despite this, Indian startups have not stopped innovating. Whether it's fintech companies unlocking new markets for digital transactions and lending, or software-as-a-service (SaaS) companies gaining market share globally, there is plenty of promising activity and signs of growth.
SVB has over 20 years of history bringing the best of the global venture capital ecosystem to some of the top globally renowned Indian startups.
Five numbers to know about India:
o 1.4B In April 2023 India surpassed China as the world’s most populus nation, with 1.4B people and counting.
o 32M India’s diaspora population is the world’s largest, with 32 million people of Indian origin living abroad.
o 1st In August India became the first nation to land on the Moon’s south pole, and the fourth nation to land a spacecraft on its surface.
o $7B Total raised by India’s VC backed startups in 2023 YTD. India is neck and neck with the UK as the third or fourth largest recipient of Venture Capital funding globally.
o 1.5T India’s Unified Payment Interface (UPI) has grown to become the world’s fifth largest payment network, with $1.5T in transactions in 2022.
REGISTER TODAY to join us for this much-anticipated virtual event via Zoom.
If you have any questions, please contact Georgia Hill at ghill@svb.com.
A seasoned corporate executive and entrepreneur. One of 80 women recognized in the country for their leadership in technology, and top 100 Women of influence in Silicon Valley. Founder & CEO of Carobar Business Solutions/reLIMS.
Goal: Deliver customer value while building strong teams and shareholder value and having fun!
Specialties: Laboratory Information Management Systems (reLIMS) automating Covid19, Infectious disease and Genetic Testing Labs. Agriculture, Soil and Cannabis and Hemp testing across the country!
Currently President TiE SV non-profit for fostering entrepreunership globally.
Dev has spent 25+ years in the world of technology startups in Silicon Valley and India as an early-stage investor and founder. He focuses on investments in software and digital companies originating in India and Southeast Asia.
Since joining Lightspeed India in 2011, Dev has invested in consumer and enterprise companies that have low-friction, software-based models. His software investments include Acceldata, Darwinbox, Innovaccer, Pepper Content and Yellow.ai. His digital investments include Byju's and Sharechat.
Dev moved to Silicon Valley in 1998 where he was a product manager for CrossWorlds, an enterprise applications integration software company, and then founded Covigo, an enterprise platform for mobile applications. Covigo was acquired by NYSE-traded Symbol Technologies. Post Symbol, in 2006, Dev joined early-stage venture fund Venrock in Silicon Valley where he invested in one of the early successes in the India-US startup corridor: Slideshare, acquired by Linkedin.
Dev graduated from Penn/Wharton in 1994 with degrees in computer science and finance and from Harvard Business School in 1998.
Sanjay Nath founded Blume with Karthik Reddy in 2011. Sectorally, he focuses on Enterprise/SaaS investments and also oversees Blume’s Go To Market platform initiatives. Sanjay has overseen investments in some of Blume’s leading portfolio companies such as Grey Orange Robotics, Lambdatest, Locus, PixxelSpace, Yulu, Dataweave, Tricog, Sprinto, Minjar (acquired by Nutanix), Agaralabs (acquired by Coinbase) and TapChief (acquired by Unacademy) amongst others. He also represents Blume on the boards of Arka Venture Labs and the Draper Venture Network.
Sanjay’s stints at Sun Microsystems, PwC, IBM Global Services (all in Silicon Valley), Loxodrome (a x-border BPO) and Mumbai Angels have given him a breadth of experience across the US and India in management consulting, product management and early stage investing.
Sanjay is an alumni of BITS Pilani and UCLA’s Anderson School of Management. He divides his time between San Francisco and Mumbai.
Andy Tsao is a Managing Director and Head of SVB’s Global Gateway, which assists innovation companies in international markets with their US and international market expansion. He brings more than 25 years of experience banking dynamic companies in technology industries and venture capital firms worldwide.
In his roles, Andy manages SVB’s relationships with venture capital firms investing outside the U.S., helps emerging market technology companies as they seek U.S. market entry, and U.S. companies as they seek to expand abroad. In both capacities, Tsao provides these firms with strategic advice and banking services, including debt financing, based on a deep understanding of their needs.
Previously, Andy led and helped found SVB’s U.K.-based operation, SVB UK, which was established in 2004, Andy is on the boards of TiE Silicon Valley, Asia America MultiTechnology Association Silicon Valley, Asia Society of Northern California, and BayBrazil. Andy earned a bachelor’s degree from Colgate University and an MBA from Boston University.
Ella-Tamar Adhanan, Senior Vice President at Silicon Valley Bank, driving international business development and market expansion. Currently leading the India and Israel markets, collaborating with premier VC firms and founders in these regions to deliver tailored financial solutions and drive impactful growth.
Before assuming her current role, Ella was part of the Global Fund Banking team at SVB, focusing on banking and lending services to venture capital and private equity firms in New York. Her prior experience also includes a pivotal tenure at Morgan Stanley, where she served as a fixed-income securities advisor to a vast array of institutional investors.
Ella's experience extends to diplomatic relations, marked by her service as an advisor to the head of Diplomatic Affairs at the Embassy of Israel in Washington, D.C, and as a foreign relations liaison in the office of the Prime Minister of Israel.
Liz Cahill is a senior technology researcher at Silicon Valley Bank. She uses data to uncover actionable insights for the startup ecosystem. She holds a B.A. in Finance from Drexel University. A Philly native based in San Francisco, in her spare time Liz works to enable music and arts in the Bay Area.
©2023 Silicon Valley Bank, a division of First Citizens Bank. Member FDIC.
Banking, lending, and trust products or services are offered by Silicon Valley Bank, a division of First Citizens Bank.
You can manage your email preferences, or unsubscribe here from receiving promotional or marketing email communications from Silicon Valley Bank at any time by visiting the Silicon Valley Bank Manage Email Preferences page here.
SVB Wealth LLC (“SVBW”), SVB Asset Management (“SAM”) and SVB Investment Services Inc. (“SVBIS”) are wholly owned, non-bank subsidiaries of Silicon Valley Bank. SVBW and SAM are SEC-registered investment advisers; SVBIS a registered broker-dealer, Member FINRA and SIPC.
Services offered by SAM, SVBW, or SVBIS are not FDIC insured, not insured by any federal government agency, not bank guaranteed, and may lose value.
Read about our Privacy Notice. If you have any questions or concerns about our privacy policies, please contact us by email PrivacyOffice@svb.com. Also read about our cookie policy.
Silicon Valley Bank is not licensed to undertake banking business in Hong Kong, or to undertake any other regulated activity in Hong Kong.
SVB’s mission is to help innovators and their investors move bold ideas forward fast. SVB Events create an environment for SVB clients, prospects, partners and employees to connect, learn from each other, pursue big ideas and make a powerful impact on people’s lives. Through our events, we help SVB to achieve its mission.
SVB does not tolerate disrespectful or harassing behavior, conversations or interactions by any event attendee, in any form, at any aspect of the program, regardless of the event location.
As an SVB event attendee, we encourage you to assist in creating a welcoming and safe networking environment. SVB reserves the right and retains sole discretion to refuse admittance to, or remove any person from, an event at any time.
Please report any violation of the Event Entertainment Code of Conduct to the following:
• Security Guard onsite
• SVB Event
• Venue Staff
If you feel that an SVB event is against our code of conduct policy or inconsistent with SVB’s culture, please contact:
SVB Events
Heidi Bianchi | 650.855.3050
SVB Financial Group Code of Conduct Policies
Evelyn De la Cruz | 312.704-9525