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Indian startups shine at the Montgomery Summit

Indian startups shine at the Montgomery Summit

By Asma Chandani

In what has developed into the runway favorite among tech investor conferences, the Montgomery Summit held this week in Santa Monica, California brought together a global community of 1,000 investors, entrepreneurs and industry executives. The exclusive, invitation-only event showcased 147 private companies from over 20 states and countries and featured a keynote address by Cisco Executive Chairman John Chambers.

Venture investors from Draper Associates, Pritzker Group Venture Capital, Greycroft Partners and Bessemer Venture Partners presided over a ‘Moneyball’ competition in which three early-stage companies vied for a six-figure investment. Industry representatives from Google, Intel Capital, GE, Box and also made their mark on the Summit.

Sumant Mandal, Managing Director at March Capital Partners, moderated a panel on opportunities in emerging markets, featuring Vinay Sanghi, founder of India’s largest auto classified portal, CarTrade.

Fintech featured prominently in discussions, with SoFi, CommonBond, Artivest and in attendance. Billdesk, India’s dominant payment platform powering electronic payments and online commerce, was represented by founder Srinivasu (Vasu) MN, who founded the company in 2000 with two of his fellow ex-Arthur Andersen colleagues.

Select founders also presented ‘elevator pitches’ in breakout sessions, including CEO Danny Shader from Khosla Ventures-backed PayNearMe, a cash merchant processing business generating nearly USD $1 Billion in revenue and processing over 5,000,000 transactions a year.

(The author is MD at Chinus Asset Management and advisor to Startup Bridge India)