Ties between India and Israel are a match made in heaven, says Aggarwal
India is better at building big businesses given its huge market while Israel has great tech capabilities to jointly work together between the two countries, Naor Gilon, Ambassador of Israel, said at the 1st India Israel Deep Tech Summit.
“There is a lot of similarity between the Indians and the Israelis in terms of culture and I think that it’s a very natural combination for us to work together. Israel has great tech capabilities and India has a huge market. So I think that by all standards India is better at building big businesses,” he said.
Marking 30 years of the India-Israel relationship, the summit included eight roundtables in areas like Agritech, Fintech, D2C brands, Acquihire, Modern Data Apps, Web 3.0 and more.
In addition, the three masterclass sessions held by leading Israeli experts highlighted how companies are moving beyond traditional analytics to leverage Cloud, Data Engineering, Cyber Security, Testing, Observability, Martech, Fintech and Gaming.
The summit was held 10-11 March 2022 by Confederation of Indian Industry (CII) and Mumbai-based 2015-founded Onnivation, a leader in the Israel-India tech corridor.
“The ties between India and Israel are a match made in heaven. India stands to gain tremendously by leveraging Israel’s strong expertise in solving issues around Cloud, Data and Security,” added Saket Agarwal, Founder and CEO, Onnivation Ventures.
“This gives our engineers a chance to focus on doing what they do best – innovate and solve for scale, and in the process offer a great customer experience.”
Prominent tech leaders from Israel such as AmiramShachar of Spot by NetApp, Oded Zehavi of Mesh Payments as well as Asaf Ezra and Udi Tizan of Granulate, joined their Indian counterparts Yashish Dahiya of Policybazaar, Jeyandran Venugopal of Flipkart, Krish Subramanian of Chargebee, Anand Prabhudesai of Turtlemint, Shruti Kashyap of Hindustan Unilever, Ramneek Khurana of Lenskart, and Balaya Moharana of DeHaat among others at the event attended by more than 2,000 delegates and addressed over 30 speakers.
Prominent VCs included, Judah Taub of Hetz Ventures, Ravinder Pal Singh of Kalaari Capital, Roy Gottlieb, of Cardumen Capital, Uriel Peled of Revault Network, Eran Bielksi of Entrée Capital and Tal Yatsiv of Pico Venture Partners.
Dignitaries like Professor K. Vijay Raghavan, Principal Scientific Adviser to the Government of India and Salil Singhal, Chairman Emeritus, PI Industries were a part of the inaugural session.
Prof Raghavan underlined the capabilities of the Indian health sector which will allow startups, health organisations, bigger industries, hospital chains and individuals to be consultants at the high-end, globally.
“The horizontals of technology that go across sectors combined with the verticals of deep expertise will allow the scaling of Deep Tech,” he said.
Indian startups have raised US$47 billion in funding last year, out of which US$15 billion is to be spent on technologies.
The roundtables at the session discussed the benefits of Deep Tech and SaaS in addressing concern areas in the tech industry like the talent crunch, high cost of operations and lack of Big Data solutions.
The speakers at the roundtables discussed the innovation ecosystem in Agritech, the importance of vision alignment between investors and companies and the conundrum of ‘Build vs Buy’, faced by startups.
During the panel on Fintech, leading experts explained how they are providing individuals with unprecedented tools for managing money and risk in addition to sharing the best go-to-market strategies for the US.
The event also hosted panels on how machine learning and automation can precisely meet application needs to optimize cloud costs and the possibilities that Web 3.0 can create for tech companies.
With the increasing demand-supply gap for tech talent, the event also featured a discussion on acquihiring as an effective talent acquisition strategy to help companies scale their tech capabilities. fiinews.com
