Mirae Asset Venture Investments (India) CEO Ashish Dave
The Indianaut Podcast
Join our WhatsApp Community here: https://bit.ly/IndianautWA1 ~ Ashish Dave is the CEO of Mirae Asset Venture Investments (India). Since setting up Mirae’s venture capital (VC) arm in March 2018, Ashish has overseen the investment of around $200 million into startups such as Ola, BigBasket, Zomato, and Shadowfax. Before Mirae, he was involved with Kalaari Capital where he was actively involved in sourcing new opportunities and helping existing portfolio companies. He received his MBA from IE Business School, Spain, and did his Bachelors of Engineering (IT) from Mumbai University. In this episode, Ashish walks us through his investment philosophy. From how he backs winners (including a deep-dive into his latest investments), to his outlook on the Indian market (and why he is bullish on the Indian Startup Ecosystem), to his origin story. - Ashish's Origin Story - Bull-case for the Indian Entrepreneurial Ecosystem - Ashish's Investment Philosophy - Recent Investments (ShareChat, Trell, Jupiter, Jai Kisan, and Koo) - Venture Capital as a Career - Advice for Aspiring Indian Entrepreneurs ~ 🎙️ Discover some of India's next best analytical 🤖 and creative 🎭 minds who are not only transforming their own fields but at the same revolutionizing India's entrepreneurial ecosystem! 🛰️ New episodes every 2 weeks. #TheIndianautPodcast #Indianaut • Host: Gautam Marwah • Editor: Pranav Suneja (https://www.instagram.com/pranav.eja) • Intro Music: Ladybirds Mate by Rachel K Collier ~ Do follow us on our social media handles for regular updates on the latest episodes. • Instagram: http://instagram.com/indianaut.in • Facebook: http://facebook.com/indianaut.in • Twitter: https://twitter.com/indianaut
EP#46 Ashish Dave – Evaluating seed vs growth stage startups, the learning-unlearning cycle in VC and balancing between due diligence & speed of decision making
The VCpreneur: Startups | Venture Capital | Entrepreneurship | Fundraising
In this episode, Ashish Dave (CEO @Mirae Asset Venture Investments, India), joins our host Digjay, to talk about his path leading up to venture capital, setting up Mirae’s India Venture arm, due diligence missteps by VCs when optimizing for speed, sharing cross-learnings from other geographies with portfolio companies, evaluating seed & growth stage startups, the constant upskilling & unlearning required in venture capital & more. Mirae Asset Group, a leading financial services company headquartered in South Korea which manages ~$1.5bn across multiple funds. Mirae’s India portfolio includes marquee startups like Ola, BigBasket, Shadowfax, Unacademy, Jupiter among others. Prior to Mirae, Ashish was at Kalaari Capital, a well known early stage VC firm in India & prior to that at Mumbai Angels, one of the prominent angel networks in India where he was actively involved in sourcing new opportunities and helping existing portfolio companies. Ashish is an alum of IE Business School. You can connect with him here on Linkedin/Twitter. ---- Show notes – (01:49) Ashish’s background & path leading up to venture capital - Mumbai Angels, Kalaari & Mirae VC (04:12) Setting up an India dedicated fund at Mirae (07:32) Adapting to the fast & competitive deal making environment in the Indian startup ecosystem (10:49) Potential due diligence missteps by VCs when optimizing for speed (15:12) How can VCs add value to founders? (19:40) Sharing learnings from other geographies with portfolio startups in India (22:17) Evaluating startups at seed vs growth stage (25:56) The constant upskilling & unlearning required in venture capital; importance of getting on ground, gauging customer feedback/behaviour to aid your decision making as an investor (29:39) Advice & suggestions for emerging VCs (35:23) How has being a VC influenced his personality over the years? (37:19) Rapid fire and closing remarks ---- If you liked our episode, you can subscribe to our podcast on any podcast platforms of your choice (like Spotify & Apple iTunes). We would appreciate if you could leave us a review on Apple iTunes. This helps others discover the podcast organically. You can visit thevcpreneur.com and follow us on Twitter @thevcpreneur_ & Instagram @thevcpreneur for more episodes and interesting insights on the startup ecosystem. You can also follow our host Digjay here on Linkedin & Twitter
On this Episode of Shunya One, we have Ashish Dave -CEO of Mirae Asset Venture Investments (India). They talk about the start of Mirae, it being a traditional finance company, but not a typical Venture Capitalist and how the fund came to be. Ashish talks about the specific areas they are currently investing in, anything that seems like an opportunity; what to him now, personally, is a good place to fund in and how covid has affected the funding process. Further, they discuss about the founders' DNA today, does Ashish think he is building the right physique of building long term companies. Tune in for this and lot more.Follow Mirae on Linkedin & Twitter:https://www.linkedin.com/company/mirae-asset-investment-managers-india/https://twitter.com/miraeassetFollow Ashish Dave on Linkedin & Twitter:https://www.linkedin.com/in/daveash/https://twitter.com/ashishdaveTweet to hosts @shiladitya & @doshiamit for your questions or reactions to this episode.To join the Shunya One slack channel, request for an invite here: http://ivmpodcasts.com/shunyaoneYou can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app.You can check out our website at http://www.ivmpodcasts.com/
Ashish Dave is the CEO of Mirae Asset Venture Investments (India). He is responsible for setting up Mirae's Venture business in India and has invested in companies like Zomato, Ola, BigBasket, KreditBee, Raise Financial, Koo and Jai Kisan among others.