The Neon Show 10 years, 100+ investments, 8 exits: Journey of Abhishek Rungta, Founder, Seeders VC & Indus Net
When you hear the word Startups & Angel Investing, which cities do you most commonly think they are based out of? Bengaluru, Delhi / Gurugram, Mumbai, or Chennai.
The guest of our today’s episode, Abhishek Rungta clearly breaks this stereotype.
Back in 1997, when he was still in his graduation, he had two options post college -
- Join his father’s family business in Jute Trading
- Start something totally unexpected
And that’s exactly what he did, he founded Indus Net Technologies from Kolkata, completely bootstrapped, which today has 200+ active clients across Banking, Financial Services, Insurance, Retail, Publishing, Media, Government, Healthcare and Entertainment sectors in five continents.
Today his company has an ARR of $11Mn, and offers services in verticals such as:
- Integrated Digital Marketing Services
- Cloud Application Development (CMS, CRM, E-Commerce, ODC, OPD)
- Enterprise Mobility
In parallel to this, he also started as an Angel Investor and later as an LP.
During the episode, Abhishek talks about the crux of his journey as an investor, his learnings along the way, what mindset he currently carries as an investor and much more.
Notes -
01:07 - Family Business Background - Jute Trading
03:48 - Acquiring a global client base from Kolkata
06:50 - His journey in Angel Investing
12:13 - valley of despair in investing
15:14 - Thesis: Investing in 2nd time founders
22:05 - Diversifying your investments
33:01 - Learnings to intake as an LP
35:11 - Investors’ whose thesis he looks up to