Invest in new ideas, not flavour of the season, says Accel's Prashanth Prakash
Live MintMumbai: While conventional sectors always attract competition, they do not yield significant profit for investors, said Prashanth Prakash, partner at Accel, adding that such sectors represent past opportunities and not those shaping the future. The public market opens up a window of opportunity for private investors, especially at a time when India continues to be criticised for not being able to offer great exits. However, it is Flipkart and post that the mobile revolution and enough good talent coming into the entrepreneur ecosystem that changed things and that is around 15 years old. If all things go well, in terms of political stability, and some of those things that we expect that just think of money going back, for LPs for investors from India, we should see that 2024-25 is a very big momentum and, and that can create a China of the late 1999-2000 moment again.