UVC: Prachi Sinha from Axilor Ventures on healthcare tech startups in India, how Axilor is unique and common fundraising mistakes
06/26/21 • 47 min
Prachi Sinha heads Healthcare Investments at Axilor Ventures, where she focuses on sourcing innovation and works closely with portfolio companies. Prachi is most passionate about working with entrepreneurs on business model viability, go to market strategies, corporate partnerships, and clean regulatory pathways. She believes the gap in India's healthcare capabilities and resources can be bridged only through innovation. To that end, she has specific interests in new commerce models and science-backed ideas.
Prachi has a decade of public policy and consulting experience in organizations including Janaagraha and McKinsey. She is an MBA from the Indian School of Business (ISB) and an Economics graduate from Fergusson College, Pune.
Key Takeaways
- How Axilor Ventures is different to other early-stage funds in India
- Challenges healthcare startups face in India
- How Prachi and the team at Axilor Ventures support their portfolio companies
- Common mistakes startups make during fundraising and immediately after the fundraise
- Challenges and potential of using medical data for better healthcare
- Major emerging themes in healthcare in India
- How incentives of all stakeholders in healthcare are misaligned and how a business model that is aligned to the patient can be created in healthcare
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🤝🏻LinkedIn : https://www.linkedin.com/company/understanding-vc/
🎧 Spotify : https://open.spotify.com/show/1q7DxW3FEyP7EhH8m0VvAD
🍎 Apple Podcasts: https://podcasts.apple.com/in/podcast/understanding-vc/id1551524895
💌 Connect with Rahul:
🤝🏻 LinkedIn : https://www.linkedin.com/in/rahulthayyalamkandy/
📩 Email : [email protected]
🐣 Twitter : https://twitter.com/rahul0720
📍 About:
Understanding VC is a podcast that provides founders with the knowledge and resources they need to understand venture capital. Our goal is to create the best and most comprehensive resource on venture capital on the internet, so that founders can make informed decisions about their businesses and secure the funding they need to succeed.
Prachi Sinha heads Healthcare Investments at Axilor Ventures, where she focuses on sourcing innovation and works closely with portfolio companies. Prachi is most passionate about working with entrepreneurs on business model viability, go to market strategies, corporate partnerships, and clean regulatory pathways. She believes the gap in India's healthcare capabilities and resources can be bridged only through innovation. To that end, she has specific interests in new commerce models and science-backed ideas.
Prachi has a decade of public policy and consulting experience in organizations including Janaagraha and McKinsey. She is an MBA from the Indian School of Business (ISB) and an Economics graduate from Fergusson College, Pune.
Key Takeaways
- How Axilor Ventures is different to other early-stage funds in India
- Challenges healthcare startups face in India
- How Prachi and the team at Axilor Ventures support their portfolio companies
- Common mistakes startups make during fundraising and immediately after the fundraise
- Challenges and potential of using medical data for better healthcare
- Major emerging themes in healthcare in India
- How incentives of all stakeholders in healthcare are misaligned and how a business model that is aligned to the patient can be created in healthcare
🔗 Follow us:
🏠Website : https://understandingvc.com/
🤝🏻LinkedIn : https://www.linkedin.com/company/understanding-vc/
🎧 Spotify : https://open.spotify.com/show/1q7DxW3FEyP7EhH8m0VvAD
🍎 Apple Podcasts: https://podcasts.apple.com/in/podcast/understanding-vc/id1551524895
💌 Connect with Rahul:
🤝🏻 LinkedIn : https://www.linkedin.com/in/rahulthayyalamkandy/
📩 Email : [email protected]
🐣 Twitter : https://twitter.com/rahul0720
📍 About:
Understanding VC is a podcast that provides founders with the knowledge and resources they need to understand venture capital. Our goal is to create the best and most comprehensive resource on venture capital on the internet, so that founders can make informed decisions about their businesses and secure the funding they need to succeed.
Previous Episode
UVC: Jeremy Au from Monk’s Hill Ventures on startup fundraising, must have leadership skills for a founder and how to deal with startup failures, exits
Jeremy Au is a VC at Monk's Hill Ventures who invests in fellow founders who will transform millions of lives. He also spearheads MHV's key initiatives from venture scouts to thought leadership. Jeremy is also the host of the BRAVE podcast who interviews trailblazing founders, investors and rising stars in Southeast Asia tech. His mission is to inspire thousands to build the future, learn from our past and stay human in between. He is an angel investor in multiple startups across the USA and Southeast Asia
Jeremy co-founded CozyKin, an early education marketplace. He led the startup as CEO from 0 to Series A to acquisition by Higher Ground Education. Won Harvard Business School's New Venture Competition and the MassChallenge grand prize. Incubated by Harvard Innovation Lab's VIP Program and MIT Sandbox.
Jeremy co-founded Conjunct Consulting, an impact consulting platform, to deliver over 285 engagements and train thousands of new leaders. He bootstrapped the social enterprise to profitability and handed off to his handpicked successor where it thrives to this day. He also consulted across multiple Southeast Asia markets and China as a Bain management consultant. He also served as an infantry sergeant in Singapore.
Jeremy is a public speaker and panellist on entrepreneurship, leadership and community engagement. He has spoken for thousands across Harvard, Deutsche Bank, Singapore Global Tech Network, Boston SPARK Council, Institute of Policy Studies, Civil Service College and many others. Recognized by Forbes 30 Under 30 and Prestige 40 Under 40. MBA from Harvard Business School and double honour degrees in Economics & Business Administration from UC Berkeley.
Jeremy enjoys science fiction, improv, hiking, tea and being a dad with his family. He enjoys hearing from authentic founders, receiving podcast guest recommendations and new speaking opportunities.
Key Takeaways
- 3 phases of fundraising - how to prepare your startup for fundraising, organising your fundraising process, and growing your startup with the funds raised
- Why the ability to learn quickly, making good decisions consistently, and emotional self regulation are the must have leadership skills for a startup founder
- Why every founder must have the self awareness to grieve when they exit their startup before deciding on the next challenge
- How you can deal with a startup failure and why it’s like losing a loved one
- How startups can use capital advantage as an economic moat
- How as human beings we learn linearly and startups are expected to grow exponentially, and why this makes building startups really hard
- Ways Jeremy gives back to the startup community
🔗 Follow us:
🏠Website : https://understandingvc.com/
🤝🏻LinkedIn : https://www.linkedin.com/company/understanding-vc/
🎧 Spotify : https://open.spotify.com/show/1q7DxW3FEyP7EhH8m0VvAD
🍎 Apple Podcasts: https://podcasts.apple.com/in/podcast/understanding-vc/id1551524895
💌 Connect with Rahul:
🤝🏻 LinkedIn : https://www.linkedin.com/in/rahulthayyalamkandy/
📩 Email : [email protected]
🐣 Twitter : https://twitter.com/rahul0720
📍 About:
Understanding VC is a podcast that provides founders with the knowledge and resources they need to understand venture capital. Our goal is to create the best and most comprehensive resource on venture capital on the internet, so that founders can make informed decisions about their businesses and secure the funding they need to succeed.
Next Episode
UVC: Anand Datta from Nexus Venture Partners on why calm is a superpower, importance of product communication and why lending is a business of collections
Anand is passionate about helping entrepreneurs build high impact enterprises in Fintech, InsureTech, Education, Logistics. With a background in operations at high growth companies, Anand is keen to help start-ups with his experience. He believes in the immense scope that “Bharat” presents for innovative India specific models.
Anand was an entrepreneur and business leader prior to joining Nexus. He was a founding team member of MagicPin, a hyperlocal deal discovery platform. Most recently he was heading New Market P&L and Growth across Asia for BIMA (Milvik) – a global insure tech company. Previously Anand worked with Bain & Co. as a strategy consultant where he advised Technology and Consumer Goods companies in India and Silicon Valley.
Anand holds an MBA from IIM Ahmedabad and B.Tech from IIT Kharagpur.
Key Takeaways
- How a background in consulting has helped Anand in his career as an entrepreneur and a VC
- What is first principle thinking and how you can apply it to solve large problems
- Why ‘being calm is a superpower’ for a founder going through the topsy turvy journey of building a startup
- Why founders should focus on communication as part of their product’s distribution, marketing, customer onboarding, customer support, and how startup teams can develop their communication skills
- 2 startup pitches that stood out out for Anand, the core questions a startup should be answering while pitching to VCs & control rights to keep in mind while working with a VC
- Why lending is a business of collections
- Challenges of a category building business and why your story matters more than anything else while you are building a category building business
- How the Indian tech ecosystem has matured and why now you see startups building products for the global markets
- Why lesser the regulation, the better for the tech ecosystem and why the next 10 years is going to be a golden period for the Indian tech ecosystem
🔗 Follow us:
🏠Website : https://understandingvc.com/
🤝🏻LinkedIn : https://www.linkedin.com/company/understanding-vc/
🎧 Spotify : https://open.spotify.com/show/1q7DxW3FEyP7EhH8m0VvAD
🍎 Apple Podcasts: https://podcasts.apple.com/in/podcast/understanding-vc/id1551524895
💌 Connect with Rahul:
🤝🏻 LinkedIn : https://www.linkedin.com/in/rahulthayyalamkandy/
📩 Email : [email protected]
🐣 Twitter : https://twitter.com/rahul0720
📍 About:
Understanding VC is a podcast that provides founders with the knowledge and resources they need to understand venture capital. Our goal is to create the best and most comprehensive resource on venture capital on the internet, so that founders can make informed decisions about their businesses and secure the funding they need to succeed.
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