Kris Gopalakrishnan bats for investing in startups

Hyderabad: Urging Indian investors to bet big on

startups

,

Kris Gopalakrishnan

on Monday said such investment would lead to the creation of the knowledge economy in the country.

“From our family office, 15% goes into investing in startups. I also invest in research, which precedes the innovation step, because I believe that if you want to create a knowledge economy, the knowledge creation and the ownership of the knowledge is equally important,” Gopalakrishnan, who is the chairman of the CII Centre of Excellence for Innovation, Entrepreneurship and Start-ups (CIES), said during a masterclass. The master class built the case for startups as an investment option for investors in India.

Currently, the investors comprising Indian family offices, HNIs (high net worth individuals) and UHNIs (Ultra high net worth individuals) tend to invest in conventional asset classes like stocks, real estate and gold. By 2025, India is expected to have more than 10,000 ultra-rich individuals with an estimated wealth worth $700 billion. CIES said that channelizing a fraction of this amount towards funding startups would boost the ecosystem.


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