Accel's Subrata Mitra on investing in India's most successful startups. Did he get lucky?
What do the poster boys of Indian startup world—Flipkart, Myntra and BookMyShow—have in common? It's Accel Partners, which has invested in all of them.
At the recently concluded second edition of Techcircle Startup 2014 conference in Bengaluru, we interviewed Subrata Mitra, Partner, Accel Partners, at a live session, where we quizzed him about his experiences and learnings from investing in companies like Myntra, Flipkart, BookMyShow and Mu Sigma.
Mitra talked about how it was a completely different experience each time around. Accel Partners backed Flipkart when it was just starting out, BookMyShow was already a market leader and a profitable venture, while Mu Sigma was more of an angel investment done by Erasmic Ventures (which later merged with Accel India).
He discussed about the lessons learnt from each investment as well as the missteps along the way. He also talked about the VC firm's biggest misses—InMobi and Snapdeal.
Besides, he clarified on the rumours surrounding a possible Myntra-Flipkart merger, and mentioned the one thing that keeps him awake in the night. Watch the video for more.