Global family offices upbeat on Indian startup ecosystem: Lakshmi Narayanan

Lakshmi Narayanan says ambitious valuation, transparency issues still a major challenge for investors in Indian startup sector

Shine Jacob Chennai
Lakshmi Narayanan, Patel Family Office

Lakshmi Narayanan, managing partner of Patel Family Office

Listen to This Article

Family offices across the world are betting big on the Indian start-up ecosystem as it is the most vibrant and biggest one globally, because of the large consumer market, said Lakshmi Narayanan, managing partner of Patel Family Office, one of the oldest family offices in North America. Narayanan added that ambitious valuation and transparency issues are still a major challenge for investors in the Indian startup sector.
According to estimates, India has 350 family offices at present, with an average asset under management of $100 million each. A family office is a privately held entity that manages investments and wealth for a family who have a minimum of $50-100 million. The aim of such offices is to invest the family’s private wealth.
“India is the most vibrant ecosystem at this juncture If you look at the global space, in the start-up ecosystem. At present, the US is No. 1 and the UK is going through a rough patch. The advantage

Also Read

VCs focusing more on due diligence amid startup funding slowdown: Report

Layoffs continue at startups; funding winter, macro uncertainty to blame

India's startup funding in 2022 double the pre-pandemic level: PwC

Modified data protection bill to bring ease for startup ecosystem: Experts

Stride Ventures announces first close of third venture debt fund at $100 mn

72% cash-on-delivery orders on Zomato paid via Rs 2,000 notes since May 19

SC seeks response of firm Delhi marketing on plea by Zydus against HC order

Go First insolvency: NCLAT rules in favour of airline, upholds NCLT order

Aditya Birla Fashion & Retail reports net loss of Rs 187 crore in Q4

Amazon Fresh enters over 60 Indian cities with expanded list of groceries

First Published: May 22 2023 | 4:14 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to