May - 2014 - issue > VC talk

Execution of an Idea Is More Essential Than Merely Possessing It

Vishal Gupta

Managing Director-Bessemer Venture Partners India

Wednesday, April 30, 2014

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Bessemer Venture Partners (BVP) is an American global venture capital firm with offices in Silicon Valley, New York, Boston, Herzliya, Israel, and India. Since 2004, BVP has invested in over 24 companies in the verticals of Internet and mobile, software products, financial services, healthcare, and power and infrastructure.

Right Time for Virtual Market Place

Large populace of internet consumers and expanding adoption of mobile technology are fueling some of the brightest avenues since past few years. We investors are witnessing grand investment success stories. Advancing technology has penetrated in various sectors and made a remarkable contribution in Small-Medium Business (SMBs’) sectors also. Therefore, with prospering usages of these technologies, we are focusing on investing on consumer Internet, B2B/B2C marketplaces, SaaS for enterprise and small business, mobile payments and consumer healthcare.

Earlier, Indian players were struggling with fragmented supply and inconsistent demand. The market was mainly concentrated in the metros areas. The uneven geographic spread of consumer demand was another challenge in India. But with the birth of online marketplaces i.e., e-Commerce, a significant percentage of sales are now coming from smaller cities where people seek global brands that are not locally available. This quantum leap of consumers from all nooks-and-corners of India was made possible with this online technology.

Technology Driven Innovation