Wednesday, 21 January 2015

India calling: NRI entrepreneurs flocking back to homeland (Entrepreneur India)

NRIs Returning to India

“The Indian entrepreneurial ecosystem was the triggering point for my return to India in January 2011,” shares Vikram Upadhyaya, Chief Mentor and Accelerator Evangelist, GHV Accelerator. A Graduate from University of Tokyo, Upadhyaya started his entrepreneurial journey way back in 1999. Besides being a serial entrepreneur, Upadhyaya has a diversified experience in handling Japanese offshore projects to global corporate strategy and specialises in new ventures turnaround.

When asked about his decision to return home, Upadhyaya replies, “It was quite a big decision in my life when I and my family decided to relocate to India from a place where we lived for over 15 years, a city that is described as one of the most safe, developed and prosperous destinations of the world - Tokyo.”

In 2008, when Upadhyaya was trying to establish the TiE - Tokyo chapter along with mentoring and investing in Indian start-ups like Druva, Stayzilla, Merinews, IndiaCollegeSearch etc, he met Kanwal Rekhi, who was also visiting Tokyo along with other TiE - Tokyo Founding Members. Also known as the father of Indian entrepreneurship, Rekhi is an Indian-American businessman, venture capitalist, angel investor and an entrepreneur. He is currently serving as the Managing Director of Inventus Capital Partners.

“Over my three days of interaction with him, I realised that if I wanted to do something impactful for the country and empower entrepreneurs, I will have to be in their ecosystem. In 2011, I finally decided to be a part of the change and committed myself towards working to empower the Indian entrepreneurial and start-up ecosystem,” asserts Upadhyaya.

Through Green House Ventures (GHV), Upadhyaya looks to close investments in 10 promising startups from India every year. He plans to put $100K against 20 per cent equity in each startup and complete the acceleration programme, which will help startups close Series A and go global.

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Source : EntrepreneurIndia


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