Execution of an Idea Is More Essential Than Merely Possessing It

Vishal Gupta
Managing Director-Bessemer Venture Partners India
Sunday, May 4, 2014
Vishal Gupta
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 metro 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 is 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
Technology is becoming more user-friendly with its innovation in mobile payments, consumer health and entertainment. New micro and mobile payment technologies are giving SMBs a low cost way of accepting cards, enabling them to build small enterprise inventory and business process platforms which are very exciting.

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