Brazil’s largest ecosystem of startups ‘StartSe’ which has over 120,000 entrepreneurs, investors and mentors in its community is looking to explore opportunities in the Indian startup space.
Starting with Hyderabad, a group of 23 entrepreneurs and investors from StartSe will be interacting with startups and investors in the country to explore partnerships and investment opportunities.
This is StartSe’s first international market outside of the US. In the past, StartSe has taken several entrepreneurs and investors to Silicon Valley with a similar purpose. These investors have invested several millions of dollars across various startups in the Silicon Valley.
StartSe visited Hyderabad’s startup incubator T-Hub on Friday where various startups pitched to the delegation.
Ricardo Stanford-Geromel, head of international investments at StartSe says that India is a very huge market for Brazil in terms of opportunities. “We want entrepreneurs and investors to look for market opportunities and solutions that have a market here, while inviting entrepreneurs in India to explore Brazil as a market for their products and solutions,” he added.
The goal is to foster entrepreneurship and education between the two countries. Ricardo says that there is immense opportunity and money in the Brazilian market for Indian startups to prosper there.
“We want to connect the startup ecosystem of India to that of Brazil. Brazil is larger than all the other south American countries put together and the entire country speaks a single language, there are no dialects. Its therefore a large opportunity for investors and entrepreneurs,” he adds.
Luis Felipe Silveira, founder and Investor of US-based BS Holding, who was a part of the delegation is looking to find attractive and synergetic business that it can invest in India in the Fintech, Healthech and energy space. It has in the past invested over $100 million in aerospace and biotech startups in Silicon Valley.
There were also entrepreneurs such as Jader Fabiano Batista Marques, founder of Brazilian loyalty program startup, who came as part of the delegation to understand the Indian market for business expansion. Investors and entrepreneurs from the 23-member delegation were across industries such as Insurance, automobile, edutech, real estate, cyber secutirty, ecommerce, urban mobility and more.
From Hyderabad, the delegation will travel to Delhi and then Bengaluru to explore similar partnerships and investment opportunities.