Summary: THIS IS AN AUDIO-ONLY VERSION OF A VIDEO INTERVIEW FOUND ON PRIVCAP.COM. VIEW THE FULL VIDEO HERE: Will India’s bustling technology scene give rise to the next Google? It’s the wrong question, say three veterans of the private capital markets. “We don’t need to create the next Google – we need to solve India’s problems,” says Mukul Gulati, Managing Director of Zephyr Peacock India Management. Gulati joins Sev Vettivetpillai, CEO of Aureos Capital (an Abraaj division), and Parag Saxena, Founding General Partner and CEO of New Silk Route, in a fascinating conversation about the nature of India’s venture capital and innovation ecosystem, and how this ecosystem is giving rise to crucially needed adaptations of Western ideas – sometimes called “Gandhi engineering” or “frugal innovation.” Also discussed: real examples of healthcare innovation coming out of poor Indian villages, the effects of the reverse brain drain, why Western talent is coming to India, and why emerging markets corporations will soon become big acquirers of Western businesses. This is the third of a three-part series on India. Part one is "Subcontinental Deal Flow." Part two is "India's Macro Story." The series is sponsored by Ernst 8 Young. Registered users of Privcap may access this 11-minute, chaptered video program, full transcript, audio-only version, as well as Privcap’s entire archive of thought-leadership content. Register here – it’s free and quick
