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Startup Investment has More Growth Potential, says Rolf Schromgens

Investing in future innovations offered by startups is better and more sustainable rather than putting money in bigger established companies, the brain behind a well-known travel aggregator said at the fifth edition of Seeding Kerala 2020. Rolf Schromgens, Co-founder & Ex-CEO of Trivago, said, “I would personally prefer investing in startups as the scope of

Investing in future innovations offered by startups is better and more sustainable rather than putting money in bigger established companies, the brain behind a well-known travel aggregator said at the fifth edition of Seeding Kerala 2020.
Rolf Schromgens, Co-founder & Ex-CEO of Trivago, said, “I would personally prefer investing in startups as the scope of growth is much more compared to established companies.”
At a session titled ‘Beyond the money: Creating value through support services,’ speakers pointed out the importance of startups attaining sustainability through various mentorship programmes and guidance.
Vinit Bansali, Vice President, Orion Ventures Partner, said, “We have a mentorship programme called ‘Misfit’ to help startups understand the areas to evolve. The idea is to provide them a platform beyond funding; to help them achieve their vision!”
Echoing similar sentiments, Rolf said, “It is not just the money that flows into the company but the mindset of the investor as well. The founders and investors need to have an aligned vision or else it will be difficult to sustain the business.”
The investors also spoke about investing in healthcare and space sectors and their potential.
Vikas Kuthiala, an angel investor who has invested in healthcare startups, said, “Instant returns are not possible in sectors like healthcare. The gestation period is longer compared to software but the sector has great potential and needs to be explored.”
At a panel discussion on ‘Investing in the final frontier – Exploring opportunities in space technology’, the experts agreed that niche sectors have huge market potentials.
Mahesh Murthy, Founder & Director of Exseed Space, pointed out that 35 per cent of the world satellites comes from India, yet investment in the space sector is just about three per cent.
The day also had panel discussions on ‘Creating impact with hardware’ and ‘Financing fintech innovation’.

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