Genesia Ventures Co., Ltd.
Genesia Ventures, a seed VC company, establishes a new local subsidiary in India (Bengaluru)
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Genesia Ventures, Inc. (Representative Director: Soichi Tajima, Head Office: Minato-ku, Tokyo, hereinafter referred to as the Company), which provides investment and management support to seed-stage startups, announces the establishment of a new local subsidiary in India (Bengaluru). I will do it.
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[About Genesia Ventures]
Genesia Ventures is an independent venture capital firm that invests in and provides management support to pre-seed/seed startups. “Genesia” is a coined word that combines “Genesis”, which means creation, and “Asia”, and since our establishment in 2016, we have focused our investments on Asia.
We have continued to gradually expand our base, and in addition to Japan (Tokyo Head Office), we have established representative offices in Indonesia (Jakarta) in 2018 and Vietnam (Ho Chi Minh City) in 2019. In November 2023, we established a new local subsidiary in India (Bengaluru) and began investing in the region.
[Investment policy in India]
Genesia Ventures’ strength is that it has a team and investment track record in Japan and Southeast Asia, and for seed startup entrepreneurs aiming to expand their services globally from India, there are still not many venture capital firms that can bridge the gap between Japan and Southeast Asia. .
Furthermore, as India is currently at a time when B2B SaaS is on the rise, we have appointed Sagara, who has a track record of investing in B2B SaaS and business experience in global SaaS companies, as a local representative. We believe that we can demonstrate our strengths in business creation and management support.
■Shunsuke Sagara’s profile
https://www.genesiaventures.com/team/shunsuke-sagara/
On the other hand, in emerging countries including India, there is an increasing number of startups evolving through the combination of EC × SaaS and SaaS × Fintech, so they are not only using a single business model but also combining multiple monetization methods to amplify customer value. We plan to make investments that are unique to our company, focusing on compound startups and global startups with a view to expanding into Southeast Asia and Japan in the future.
In addition, startups in Southeast Asia are also seeking access to Indian VCs, information on India’s hot areas and startups, and access to networks, so we are taking advantage of our unique geographical position to leverage the reach of all startups in which we invest. We will provide management support to.
■Subsidiary overview
・Company name: Genesiaventures India Private Limited
・Location: Block L, Embassy Tech Village, Devarabisanahalli, Outer Ring Road, Bellandur, Bengaluru, KA 560103
・Representative: Shunsuke Sagara
■Comment from representative Shunsuke Sagara
We believe that when the magnitude of “unnecessity” in society intersects with strong macro growth trends, great business
opportunities for startups and great investment opportunities for VCs will be created, and in that sense, it is comparable to current India. There aren’t many markets for that. We see the financing environment, which continues to cool down due to the recovery from the post-corona virus and global high interest rates, as a green light for new entrants. I would like to carry out my activities with honesty and integrity, focusing on the knowledge that I can give back to Japan and Southeast Asia because of my background.
I would like to express my deep gratitude to the team members, LPs, Japanese investee companies, and my family for their generous understanding and cooperation during the establishment of this base and my assignment to this location.
■Investment results overseas (Asia region)
▽No. 1 Fund: Completed formation in December 2017 with a total of 4 billion yen. Invested in 12 Southeast Asian startups out of 47 companies
Qoala | Online insurance platform
Docquity｜SNS e-learning for medical workers
bobobox｜OMO type smart capsule hotel, etc.
▽No. 2 Fund: Completed formation in October 2020 with a total of 8 billion yen. Invested in 18 Southeast Asian startups out of 59 companies
Kamereo | Order management SaaS marketplace for restaurants
BUYMED｜Pharmaceutical ordering platform for pharmacies
Manabie｜OMO digital learning school in Southeast Asia
Sinbad｜B2B marketplace that connects suppliers and small and medium-sized businesses, etc.
▽Fund No. 3: Completed formation in January 2022 with a total of 15 billion yen. Invested in 11/47 startups in Southeast Asia and India as of the end of November 2023
MVillage｜Vietnam real estate management platform
muvus technologies｜Providing “Rent to Own” mobility services with IoT devices Runchise | Franchise & Restaurant Management Solutions
StepChange｜Providing ESG solutions that comprehensively support major companies in achieving Net Zero, etc.
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【About us】
Company name: Genesia Ventures Co., Ltd.
WEB: https://genesiaventures.com/
Established: August 2016
Head Office: Kyowa Gobankan 2F, 3-3-13 Kita-Aoyama, Minato-ku, Tokyo Office: Jakarta) WeWork Revenue Tower, Scbd, Jl Jend.Sudirman No.52-53, Senayan, Kebayoran Baru Jakarta City, JK, 12190, Indonesia ：Ho Chi Minh）D08,SENoffice Business Center,L18-11-13,18th Floor, Vincom Center Dong Khoi Tower,72 Le Thanh Ton, Ben Nghe Ward,District 1,Ho Chi Minh City,Vietnam
Representative: Representative Director/General Partner Soichi Tajima Business content: Venture capital business