Apr 17, 2020

Prashanth Prakash and Subrata Mitra

The State of the VC Ecosystem amidst the COVID-19 Crisis

Podcast Summary

Podcast Summary

In this episode, we hear from Subrata Mitra and Prashanth Prakash, founding partners of Accel who were entrepreneurs before and have seen other downturns in the past, on their take on the COVID situation and how it impacts the VC ecosystem

Subrata and Prashanth share an on the ground view of the state of the VC ecosystem in India amidst the COVID situation and what to expect for the road ahead. They share advice for founders as they plan for the tough times ahead, along with learnings and observations from previous economic downturns, including some of the positive outcomes.

The podcast clears the air around what founders can expect the fundraising situation to look like in the next near future.


01:27 — Comparing COVID-19 times with dot-com bubble burst and 2008 recession

06:23 — Efforts going on in the startup- VC ecosystem around helping fight COVID

09:50 — Current state of Indian VC ecosystem amidst COVID

13:00 — Assessing risk at a portfolio level

16:08 — Actionable advice to startup founders

20:20 — Planning for cash runway- time frame and approach

21:55 — Advice for founders looking to startup or in pre-PMF stage

24:30 — Fast forward: view of 24 months ahead

28:43 — Reinventing yourself in crisis times (link to the story of BookMyShow)

30:25 — Fundamental transformation of some sectors

31:13 — Dealing with anxiety

33:25 — Rapid Fire Round

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Anand Daniel
Partner, Accel

Anand is one of the partners at Accel India. He has lead investments in companies like swiggy, bounce, blackbuck and more. Investing since 2006, Anand focuses on investments in consumer technology, online marketplaces, and healthcare technology at Accel.


Subrata Mitra
Partner, Accel

An entrepreneur turned VC, Subrata is a founding partner at Accel India and has done marquee investments into companies like Flipkart, Cure Fit, MuSigma, Airmeet, and many other category leaders

Prashanth Prakash
Partner, Accel

Prashanth Prakash joined Accel in 2008. Prashanth began investing in Indian technology start-ups in 2004, well before they acquired global attention. As a key member of Accel’s India team, Prashanth focuses on consumer Internet services, online marketplaces, and SaaS.

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