Venture Capital Confce Told In Singapore
South Asia will be the next battle ground of global giants
Published : Tuesday, 14 November, 2017 at 12:00 AM Count : 273
"Global players like Amazon, Alibaba, Tencent and Baidu have already started fierce competitions in Southeast Asia and India, and that will eventually spread to the neighbouring countries.
If there is no proper preparation and government support for the startups in these countries, including Bangladesh; only some of the leading companies will be acquired by global giants and the remaining thousands of start-ups will be closed.
Only a handful of companies in Bangladesh, such as bKash, Pathao, Chaldal, BAGDOOM.com, Shohoz and Ajkerdeal were able to raise Venture Capital funds.
Though such big investors like Bill Gates and Jack Ma have invested in Bangladesh the country is still away from the radar of other global venture capital companies.
Moreover, global VCs are losing opportunities to invest in many promising companies in Bangladesh", said Shameem Ahsan, General Partner of Fenox Venture Capital and Chairman of eGeneration Group at the 9th Annual INSEAD Asian Private Equity and Venture Capital Conference in the session titled "The entrance of Chinese giants in South and Southeast Asia" recently at INSEAD campus in Singapore.
Shameem Ahsan said these while speaking said: "China has committed to invest around 25 billion US dollars out of which 2 billion dollars will be in IT sector. Bangladesh is one of the most strategic countries for the Chinese government and investors. At present, global giants are looking at Bangladesh with utmost importance and there are some investments deals about to close".
Shameem Ahsan was invited as a speaker at the 9th Annual INSEAD Asian Private Equity and Venture Capital Conference organized by INSEAD in Singapore. INSEAD is one of the world's leading and largest graduate business schools.Other panelists of this seminar included David Gowdey, Managing Partner of Jungle Ventures; James Tan, Managing Partner of Quest Ventures; Yinglan Tan, Managing Partner of Insignia Ventures Partners. The session titled "The entrance of Chinese giants in South and Southeast Asia" was moderated by Jenni Risku, Founder of Women in Tech.
INSEAD conferences held in both France and Singapore. Now in its thirteenth year, the conference in Fontainebleau has grown to be the largest private equity conference hosted by an academic institution in Europe.