Takeaways from Fintech Startup Tour India 2017
swissnex India and Swiss Re collaborated to bring Fintech Startup Tour in India for Swiss startups this January. Spread across Bangalore and Mumbai, Swiss startups met with key players of India’s Fintech ecosystem to learn about opportunities for their individual innovations. Here’s what the Swiss delegates had to say about their experience!
As a venture capital investor, I am impressed with the untapped potential of India. 95% of the startups that we finance in Switzerland dont think of India as a target market. This is true across all industries, be it Fintech, Agritech, high-tech, Medtech etc. swissnex India is helping with bridging this gap in a pragmatic way.
It is remarkable how Indian Startups understand the needs of mass markets and develop appropriate, scalable solutions. Swiss Startups usually focus on sophisticated products based on lots of intellectual property (IP), be it patents of trade secrets. Combining both strengths would be a dream!
The digital infrastructure of India with Aadhaar, Jan Dhan and UPI will boost digital transformation and banking in India. With the smart use of innovative power of global digital fintech leaders, to secure compliance and security, India will excel in becoming a truly digital nation.
Co-founder and Business Development Manager / Qumram AG
Through the many visits to key Indian stakeholders, like leading banks and key Fintech players, this startup tour provided excellent examples of opportunities and challenges for Swiss startups, who are considering the Indian market as part of their strategy.The tour was overall an effective insight into the dynamic Indian Fintech ecosystem. It not only provided a taste of potential collaborative opportunities but also an ideal way to appreciate customer needs in the Indian context.
Prof. Pieter Perrett
It’s crucial to crack partnerships in India to do business the Indian way. Swissnex must be a part of the goto market strategy for all Swiss entrepreneurs trying to see synergies in the Indian markets, as they have network access from the grass roots through to the C level executives with the spending power.