E12: Bhaskar Majumdar (Founder & Managing Partner, Unicorn India Ventures)

Bhaskar is the Founder and Managing Partner at Unicorn India Ventures. In the past decade, Bhaskar has established himself as a well-regarded early stage investor and advisor, especially in the UK and India. He has held senior corporate positions with Times of India, Zee Telefilms and Altavista UK.

In 2000, he started his first entrepreneurial venture, Recreate Solutions, a company within the digital media realm and backed by Insight Partners. After scaling the business, he sold the business to a US Systems Integrator. He has since been an investor in a number of technology and media early stage business through his propriety fund, Heath Ventures, and has invested his proprietary funds in more than half a dozen start-ups in UK and India.

Follow Bhaskar (@Bhaskar_MLondon) and host Akash Bhat (@bhatvakash) on Twitter.

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In this episode we will cover:

1. Bhaskar’s background and motivation to enter the VC world

2. Evolution of venture as an asset class in India

3. Development of investment thesis

4. Portfolio construction and best practices

5. How founders can ‘protect’ their equity during fund-raising

6. Unicorn’s time allocation strategy wrt their portfolio

7. Role of a VC as a board member

8. Due diligence required on the part of the founder(s) while choosing investors

9. If there’s any such thing as ‘raising too much money’?

10. Strategies for founders if they are not able meet fund-raising targets