Evolving for the Next Billion by GGV Capital

GGV Capital

Evolving for the Next Billion (new Season 2) is an English-language podcast about tech and entrepreneurship in the fastest-growing markets in the world, hosted by GGV Capital. We interview local champions and global giants who are reshaping the lives of the next billion internet users.

All Episodes

Hi, everyone. Today’s show is a rerun as our portfolio company Grab is officially listed on Nasdaq today. We thought it would be cool to bring back the interview we recorded with GGV’s managing partner Jixun Foo back in 2019. He shared how he first met Grab’s founder Anthony, the parallel between Grab and Didi and why he decided to lead Grab’s Series B while it was still GrabTaxi. Enjoy!  For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Dec 2

23 min 4 sec

Hi, listeners! Our podcast Evolving for the Next Billion has passed the 1 million downloads milestone, thanks to your continuing support from all over the world! And we’re approaching the 100th episode for the show. To celebrate this humble but exciting achievement with our listeners, we would love to feature you in the upcoming episode 100!  Tell us your name, where you live and your proudest achievement over the past 2 years! Describe that pivotal moment when you realize you’ve grown - as a founder, a friend, or as a person.  You can submit by emailing the recording directly to nextbn@ggvc.com.  A mobile phone recording would do but make sure you record in a quiet place.  Looking forward to hearing from you!

Nov 18

47 sec

Today on the show, we have Ralf Wenzel, founder and CEO of JOKR. JOKR is a global platform for instant grocery and retail delivery at a hyperlocal scale. It delivers all sorts of product within 15 minutes of purchase, including groceries, drugs, pharmaceuticals, and exclusive local products that are not available in regular supermarkets. JOKR is a GGV portfolio. Previously, Ralf was a managing partner for SoftBank Group, where he spent a lot of time in LatAM. Before that, Ralf was the Chief Strategy Officer and Board Member at Delivery Hero, one of the leading global online food delivery and ordering platform across more than 30 countries. Ralf sold his last startup, Foodpanda to Delivery Hero. He was the founder and CEO of Foodpanda, which contributes to the book of food delivery businesses globally today. Furthermore, Ralf built out Skrill or Paysafe, which is one of the leading global online payment companies in Europe and served as the Chief Operating Officer before. Lastly, Ralf has been supporting the other founders over the last 15 years and has been an active angel investor through his own vehicle, Tocororo ventures. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Nov 3

1 hr 2 min

Today on the show, we have Dane Atkinson, CEO, and Founder of Odeko. Odeko is a hidden platform supporting thousands of Coffee shops with the technology once only held by the public giants. It uses AI and automation to provide a single source of supplies that is loaded into stores in the closed hours, and consumer apps making all cafes easily discoverable and accessible and soon a host of other building bricks. Odeko is a GGV portflio. Dane is a serial entrepreneur who started his first company at the age of 18. Since then, he has built a successful career running tech companies, mostly in the SMB tech space, such as Squarespace, SumAll, and Odeko. Dane was the CEO of Squarespace from 2007 to 2011. He also serves as a board member, mentor, and advisor to numerous other companies. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Oct 20

51 min 13 sec

Today on the show we have Stephen Kalb. Stefan Kalb is the CEO and co-founder of Shelf Engine. Kalb co-founded Shelf Engine in 2016 to address the global food waste pandemic he experienced first-hand with grocers. Prior to Shelf Engine, Kalb spent 7 years as the CEO of Molly’s, a healthy grab-and-go food company he started in 2009. While Kalb grew the company to more than 400 regional retail locations, food waste was eating into Molly’s bottom line. Hungry for a solution, Stefan and Shelf Engine co-founder Bede Jordan developed a model to considerably improve perishable food forecasting. After successfully cutting Molly’s food waste in half, Kalb and Jordan quit their day jobs to launch Shelf Engine with a mission of transforming the food supply chain by helping grocery stores reduce waste and increase sales through intelligent forecasting. Today, Shelf Engine has nearly 200 employees and manages orders for leading grocers at thousands of locations nationwide. Shelf Engine is a GGV portfolio. For opportunities at Shelf Engine: https://www.shelfengine.com/careers/ For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community  

Oct 6

47 min 57 sec

Today on the show we have Timo Recker and Andre Menezes, co-founders of Next Gen Foods, a Singapore-based food tech company that's harnessing the power of plant proteins to create the most delicious and satisfying food imaginable. Next Gen Foods is a GGV portfolio. A serial entrepreneur, Timo comes from a life-time background in the food space. Before Next Gen Foods, Timo founded German-based LikeMeat, where he was responsible for the successful conceptualization, growth, and expansion of the brand into ten European countries, with products sold through 15,000 supermarkets. A Brazilian native, Andre has lived and worked in many countries. He served as General Manager of Country Foods Singapore, the largest meat distributor and processor in the country, as well as the company responsible for scaling Impossible Foods from a newcomer on the scene, to a household name in the region. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Sep 22

44 min 15 sec

Today on the show we have Fabián Gómez Gutiérrez, CEO and Founder of Frubana. Frubana is a one-stop operating platform for restaurants – with B2B ecommerce and fintech offerings. It aims to make food in Latin America more accessible and currently operates in Mexico, Brazil, and Colombia. Before founding Frubana, Fabian is the expansion leader and an early employee of Rappi, Latin America's 1st Super App. Fabian receives his bachelor of engineering from The University of the Andes in Colombia. Frubana is a GGV portfolio. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Sep 8

59 min 2 sec

Today on the show, we have le Hong Minh, founder and CEO of VNG. VNG is one of the largest internet companies in Vietnam, founded in 2004, VNG began as a gaming company. Today, its digital services span across several verticals including social media, which is Zalo; digital content, which is Zing mp3; financial Services, which is Zalo pay; cloud services, which is VNG Cloud. Minh got his bachelor's degree in finance from Monash University. Before starting VNG, he has been doing investment banking for many years, and honored as one of the 10 most influential people on the internet in Vietnam for the last decades. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Jun 9

1 hr 3 min

Today on the show we have Irving Fain. Irving is the founder & CEO of Bowery Farming, the largest vertical farming company in the US. Based in New York City, Bowery’s smart farms are powered by their proprietary operating system the BoweryOS. Their produce is available in almost 800 grocery stores and many e-commerce platforms. Bowery is a GGV portfolio. Before founding Bowery in 2015, Irving was the co-founder and CEO of CrowdTwist, a loyalty marketing SaaS business later acquired by Oracle. Prior to that, he launched iHeartMedia at Clear Channel and began his career helping early-stage companies raise capital as an investment banker at Citigroup. This is a crossover episode with Unscripted, a video series hosted by GGV managing partner Jeff Richards. Jeff and Hans host this episode. You can check out the video on GGV’s YouTube channel. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

May 26

47 min 4 sec

Today’s episode is a rerun of our conversation with Grab’ President Ming almost 2 years ago. If you have been following the news, you probably know that Grab recently announced its plan to go public in the US via SPAC. It is the world’s largest SPAC merger deal up to date and is expected to be the largest IPO by a Southeast Asian company in the US. We’re very fortunate to be part of Grab’s journey since 2014 and it’s truly inspiring to see how consistent the team has been in pursuing its mission.  For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Apr 21

1 hr 9 min

Today on the show we have Binny Bansal. Binny cofounded Flipkart in 2007 and played a pivotal role in scaling it to a market leading e-commerce space which still has so many fundamental customer and supply problems along the way. From a small beginning, Binny along with his friend Sachin Bansal turned Flipkart into a massive online commerce venture that was bought over by Walmart in 2018, for a whopping $16 billion. He's also a prolific angel investor and mentor, with over 30 investments in startups ecosystem in India. This episode is co-hosted by GGV Colleague Madhu Yalamarthi.  For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Apr 7

52 min 46 sec

Today we have our first ever husband and wife duos on the show, Sonny Vu and Christy Trang Le from Arevo. Arevo develops technology to enable direct digital additive manufacturing parts for end-use applications in high volume. It makes advances in materials science, 3D printing software, and robotics to automate the production of carbon fiber reinforced polymer structures, otherwise known as CFRP.  Sonny is a serial entrepreneur, currently the CEO of Arevo. Previously, Sonny founded various startups including Misfit which was bought by Fossil for $260 million. Before that, he worked at Microsoft Research NLP, under Kai-Fu Lee, and worked on a Ph.D. in linguistics at MIT under Professor Noam Chomsky. Both Arevo and Misfit are GGV portfolio. Christy is the CFO and president of the Vietnam operations for Arevo. Previously, Christy was a country director for Vietnam at Facebook, and before Facebook, she built Misfit along with Sonny. Prior to Misfit, Christy was a consultant at McKinsey and an investment banker at HSBC. She graduated Double First in Economics at Oxford (BA & MPhil) and an MBA from MIT Sloan.  This episode is co-hosted by GGV Colleague Dimitra Taslim.  For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Mar 24

1 hr 8 min

Today on the show, we have Allon Bloch, CEO and co-founder of K Health. K Health is America's number one most downloaded medical app with over 4 million users. It uses AI and advanced technology to provide better and more affordable health care. Unlike other symptom checkers that rely on static rules or protocols to give you the best guess at a diagnosis, K was trained on millions of real anonymized medical records to give you more accurate results that are personalized to your situation. K Health is a GGV portfolio.Since this episode was recorded, K Health has expanded into Pediatrics to help the whole family access high quality care, 24/7. Allon is also a board member and former co-CEO of Wix, and has served as the co-founder and CEO of Vroom. Allon is a partner at Jerusalem venture partners, and spent time as a consultant at McKinsey&Company. He holds a BS in biology from Tel Aviv University, and an MBA from Columbia University. He was born and raised in Israel and moved to the US in 1995. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Mar 10

1 hr 1 min

Today's episode was recorded back in 2019, way before Affirm became a 27 billion dollar public company, and the BNPL (that is buy now pay later) won over young consumers across the world. Before Affirm, Max was known as the co-founder of PayPal, where he designed the company's system to detect fraud. A "fintech nerd", as he called himself and serial entrepreneur, Max shared how Affirm was a product of his guiding principle in life, and how his wife was the voice of reason when defining what was fun for him. This episode is co-hosted by GGV managing partner Glenn Soloman and first appeared on Glenn's podcast Founder Real Talk. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or assets are for illustrative purposes only; such references do not constitute any recommendation to either buy or sell such securities or assets and are not intended to serve as the basis for any investment decision, nor do they constitute an offer to provide investment advisory services. Any information provided by third parties in this content does not reflect the views of GGV Capital and its subsidiaries or affiliates. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon, when making a decision to invest in any fund managed by GGV Capital. Any investment or portfolio company mentioned, referred to, or described is not representative of all investments in vehicles managed by GGV Capital, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

Feb 24

53 min 42 sec

Today on the show, we have Jim Miller, CTO of Wayfair. Wayfair is one of the world's largest e-commerce companies that sells furniture and home-goods. Wayfair is not onlyWayfair.com. It also owns Joss & Main, AllModern, Perigold, and Birch Lane. All dedicated to help shoppers quickly and easily find exactly what they want from a selection of more than 18 million items across home furnishings, décor, home improvement, housewares and more. The company generated $9.1 billion in net revenue for full year 2019. It recently turned a profit for the first time since its IPO in 2014. Before joining Wayfair, Jim served as the Vice President of Worldwide Operations at Google for almost 8 years. He also spent 7 years as a senior executive at Cisco leading supply chain and logistics, Asia operations, new product introduction, advanced technology, and global operations while the company ramped from $18B to over $40B in annual revenue. Prior to Cisco, Miller was the Vice President of Supply Chain at Amazon and was a key contributor to Amazon's rapid growth into a global company. Jim received his bachelor's degree from Purdue University, an M.S. from MIT, and an MBA from the Sloan School of Management at MIT. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or assets are for illustrative purposes only; such references do not constitute any recommendation to either buy or sell such securities or assets and are not intended to serve as the basis for any investment decision, nor do they constitute an offer to provide investment advisory services. Any information provided by third parties in this content does not reflect the views of GGV Capital and its subsidiaries or affiliates. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon, when making a decision to invest in any fund managed by GGV Capital. Any investment or portfolio company mentioned, referred to, or described is not representative of all investments in vehicles managed by GGV Capital, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

Feb 10

1 hr 12 min

The conversation was recorded at the end of 2020. We sit down with GGV Capital managing partner Jenny to get her take on memorable moments, new habits developed during lockdown and her hope for 2021. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Feb 4

28 min 52 sec

Today on the show, we have Josh Silverman, CEO of Etsy since 2017. Etsy is an innovative online marketplace that connects millions of passionate creative sellers and buyers around the world. With the mission "keep commerce human", the global destination for unique and creative goods has 3.1 million active sellers and 60.3 million active buyers from nearly around every country on our planet. In 2019, 40% of Etsy sellers were located outside the US, 83%of sellers were women. Josh has two decades of leadership experience include growing consumer technology companies and scaling global marketplaces. Before Etsy, he served as president of consumer products and service at AmEx, CEO of Skype, and CEO of shopping.com. And he has held various executive roles at eBay. Earlier in his career, Josh co-founded Evite 20 years ago, where he was also served as the company's first CEO until sale to IAC. This is a cross episode with Founders Real Talk, our sister podcast hosted by GGV Managing Partner Glenn Solomon. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or assets are for illustrative purposes only; such references do not constitute any recommendation to either buy or sell such securities or assets and are not intended to serve as the basis for any investment decision, nor do they constitute an offer to provide investment advisory services. Any information provided by third parties in this content does not reflect the views of GGV Capital and its subsidiaries or affiliates. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon, when making a decision to invest in any fund managed by GGV Capital. Any investment or portfolio company mentioned, referred to, or described is not representative of all investments in vehicles managed by GGV Capital, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

Jan 27

55 min 6 sec

Today on the show, we have Harley Finkelstein, the President of Shopify. Shopify is a leading global e-commerce company, providing trusted tools to start, grow, market and manage a retail business of any size. Headquartered in Ottawa, Canada, Shopify powers over 1 million businesses and more than 175 countries and is trusted by brands such as AllBirds, GymSharks, PepsiCo, Staples, and many more. Harley has been with the company since 2010. Prior to his current role, Harley founded numerous startups and ecommerce companies. He is currently an advisor to Felicis Ventures. Harley holds a Bachelor degree in Economics from Concordia University and a J.D./M.B.A. joint degree in Law and Business from the University of Ottawa. This episode is co-hosted by GGV colleague Robin Li. Based in New York, Robin invests in eCommerce, social, consumer internet, and digital economy. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or assets are for illustrative purposes only; such references do not constitute any recommendation to either buy or sell such securities or assets and are not intended to serve as the basis for any investment decision, nor do they constitute an offer to provide investment advisory services. Any information provided by third parties in this content does not reflect the views of GGV Capital and its subsidiaries or affiliates. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon, when making a decision to invest in any fund managed by GGV Capital. Any investment or portfolio company mentioned, referred to, or described is not representative of all investments in vehicles managed by GGV Capital, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.

Jan 13

49 min 8 sec

For our last episode in this special year, we bring you Hans's perspective on 2020. To our listeners across the world, thank you for being with us. We look forward to bringing you more insights and inspirations next year! See you in 2021! For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Dec 2020

13 min 50 sec

2020 will be one for the history books. In this 3-part series, we sit down with GGV Capital's managing partners to get their take on memorable moments of 2020, new habits developed during lockdown and their hopes for 2021. First guest for today is Jixun Foo. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Dec 2020

27 min 24 sec

Today on the show, we have Son Tran, founder, and CEO of Tiki. Tiki (short for "Tìm kiếm & Tiết kiệm", which means "Search & Save") is a top all-in-one commerce platform in Vietnam, including an e-commerce marketplace, TikiNOW Smart Logistics - an integrated supply chain platform, and Tiki Trading, a retail subsidiary. Starting Tiki as an online bookstore in 2010, Son has turned Tiki into a top trusted multi-selection e-commerce platform for millions of Vietnamese customers. He held a double degree in software engineering and commerce in Vietnam and Australia. After graduating with a Master's degree at the University of New South Wales (Australia) in 2007. Before Tiki, Son also helped starting Clip.vn - a.k.a YouTube of Vietnam. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Dec 2020

1 hr

For the last episode of our EdTech series, we have GGV managing partner Jenny Lee. Jenny has been investing in the space for almost a decade now. So we thought a conversation with her would be the best way to conclude this series. If you or your friend is in the EdTech space, this is an episode that you don't want to miss. Jenny shared how she started to invest in EdTech, getting to a product-market fit, growth with different business models, and one big bet she is currently making in the space. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Nov 2020

43 min 19 sec

Today on the show we have Mark Luo. Mark Luo is the founder and CEO of Huohua Siwei (Spark Education). It is a learning app that develops logical thinking, concentration, and other cognitive skills for children aged between 3-12. It offers small live classes in the form of interactive games, with real time guidance from a teacher. The company currently has over 280,000 paid students and boasts a referral rate of 80%. Huohua Siwei is a GGV portfolio company. Mark has extensive entrepreneurial experience. Before Spark, he was part of the founding team at China's earliest classified website Ganji.com and served as the CTO. The company was acquired by 58.com in 2015 with 2.6 billion USD. Mark graduated from Singapore National University with master's degree in computer science. We also talked to GGV managing partner Jenny Lee on why she led our investment into Huohua. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Nov 2020

37 min 8 sec

Making learning fun is hard, especially in this day and age where you have to compete with social media and games for students' attention. What's even harder is to do so and get a better learning outcome. The hardest is to make it into a scalable business. This is what Michael and his co-founder Mads are trying to do with their startup Labster, a leading virtual science lab provider based in Copenhagen. Their vision is to radically improve science education so future scientists can solve big problems that we cannot solve. The startup world is never short of grand vision like this. What's rare is the passion and patience to follow through, which you will hear from Michael's story in this episode. You will also hear Hans and Michael discuss the role Covid played in the company's growth, why science education is actually a global challenge, and what separates a platform business from a content one. Labster is GGV's first investment in Europe. The deal happened during Covid-19 entirely online. Jenny and Hans led GGV's investment into the company. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Oct 2020

51 min

For the first episode of our EdTech series, you will be hearing from the founder of Zuoyebang Hou Jianbin, whose personal belief about education significantly shaped the way he built this company. Born and raised in a small town in China, He was a straight-A student and had his life completely changed by the national college entrance exam. Got into China's top university and a job offer from China's search engine giant Baidu, where he built the product that eventually became one of the world's most valued EdTech startups. Zuoyebang was spun off from Baidu in 2015. For the second part of this episode, you will also be hearing from GGV managing partner Jenny Lee. Jenny led GGV's investment into Zuoyebang in 2016. She shared what made Zuoyebang stood out among all the photo search apps that were out there, and what keeps Zuoyebang competitive as Covid-19 pushed a lot of new capital flowing into the market. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Oct 2020

41 min 43 sec

2020 is a defining year for many of us. This is a year when 85% of the countries in the world mandated school closure, leaving 1.5 billion students out of school. A year when valuation of EdTech companies are at record high with new money continuously flowing into it. For the EdTech founders, it is the opportunity of a lifetime, also an ultimate stress test for their companies. As a global fund with a handful of EdTech portfolios across the world, we created this special series for EdTech founders to share their stories. Also included in this series is a chat with GGV Partner Jenny Lee on why she first decided to go into EdTech back in 2013 despite all the skepticism, key things she looks for, and what excites her most about the future of learning. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Sep 2020

1 min 26 sec

Today on the show, we have Peter De Caluwe, the Executive Chairman and CEO of Thunes. Thunes is a B2B cross-border payments network for emerging markets. It provides transfer of funds between payment systems, including mobile wallet providers, money transfer operators and banks, in more than 100 countries and 60 currencies. We recorded this interview a while back, the company recently announced its $60 million Series B, which GGV Capital also participated as an existing investor. With more than 25 years of experience in FinTech, Peter is a specialist in electronic payments, e-commerce, credit cards in emerging markets. He was previously the CEO of Ogone, Naspers Payments and PayU. Having graduated with a Bachelor's in Marketing from Group T Leuven, a Belgium-based college, he has risen through the ranks to become a serial entrepreneur and investor. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/engage

Sep 2020

43 min 33 sec

Interviewed by Hans Tung and Madhu Yalamarthi. On today's episode, we have Siddharth Shah, co-founder and CEO of PharmEasy, India's largest digital health platform. Start with a vision to make health care accessible and affordable to all farmers who supplies medicines to more than 1000 cities and towns in India. The company recently proposed a merger deal with its rival MedLife, creating now India's newest unicorn. Siddharth is focused on bringing radical reforms in the healthcare industry with the help of digital technologies. A graduated from DJ Sanghavi College in Mumbai in computer engineering, and he is an alumnus of the Indian Institute of Management Ahmedabad. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/engage

Sep 2020

51 min

This episode is co-hosted by GGV Colleague Dimitra Taslim. It was recorded a while back, so we also caught up with Hendra for an covid update in the second part of the podcast. Today on the show we have Hendra Kwik, Co-founder and CEO of Payfazz, a fintech platform that aims to build a network of distributed banking agents to enable a fully-digital mobile banking & payment solution for 440 million unbanked in Southeast Asia. Their network of agents acts as an intermediary between unbanked users and financial institutions and has served around 10 million people since its founding. The company, which has raised a total $21.3 million in funding, is the first Indonesian company to make it into the Y Combinator, a seed accelerator in the U.S. Prior to starting Payfazz, Hendra worked for Schlumberger as a Wireline Field Engineer in Brazil for two years. He also spent 3 months traveling across the region to learn about the startup ecosystem across Latin America. He holds a bachelor degree of Chemical Engineering from Bandung Institute of Technology. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Aug 2020

1 hr 4 min

Today's episode is a recording of a founders' dinner we hosted in Jakarta last year. In a short Q&A part of the night, Hans answered a wide range of questions, including absolutes, trade-offs, the power of the mass market, patterns recognition across markets, and more. The dinner was hosted by GGV colleague Dimitra Taslim. Enjoy! For the full transcript of the show, go tonextbn.ggvc.com Join our listeners' community, go tonextbn.ggvc.com/community

Aug 2020

20 min 4 sec

If you have followed our show close enough, you probably know that we have a thesis around backing startups that help small retailers to do better. Better supply chains, operation efficiency, payment infrastructures, bookkeeping, etc. This was reflected through the episodes we did with Udaan from India, Telio from Vietnam, and Shihuituan from China. On today's episode, you will hear a conversation we had with one of the startups that are doing this in Indonesia. The first half of the show was recorded in September last year. But we also caught up with the founder a few weeks earlier on how COVID has changed how he saw the business, enjoy! The guest for today is Agung Bezharie Hadinego, Co-Founder and CEO at Warung Pintar. The name literally means smart kiosk in Indonesian. It is a micro-retail tech startup aimed to digitalize the street vendors in Indonesia. Launched in January 2018, it currently empowers 32,000 warungs in Jakarta and Banyuwangi, whose income has increased by 41% since adopting the system. Agung started Warung Pintar as a special project when he was an investment analyst in a VC firm called East Ventures. He holds a bachelor degree in Intermedia and an MBA from Bandung Institute of Technology. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Jul 2020

1 hr 4 min

Today's episode originally aired on our previous guest Garry Tan's YouTube Channel. Garry turned the table and interviewed Hans on being a global investor in this day and age, what great founders have in common, and 1 thing he wants to tell his younger self. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Jul 2020

35 min 36 sec

This episode is co-hosted by GGV Colleague Dimitra Taslim. It was recorded a while back, so we also caught up with George and Gaery for an covid update in the second part of the podcast. In this episode, we have George Hendrata and Gaery Undarsa from Tiket.com. Tiket.com is the fastest growing Online Travel Agency platform in Indonesia. The site offers travel and entertainment related products, including flight tickets, hotel booking, train tickets, car renting and events services. Since August 2011, Tiket.com has become the top agent for Indonesian Airlines and an online partner of Indonesian Railways Company. In 2017, Tiket was acquired by Blibli, an ecommerce site backed by Indonesia's conglomerate Djarum. George Hendrata is the CEO of Tiket.com. Prior to joining Tiket.com, he was a business development director at Djarum and chairman of BMJ, one of the world's largest specialty paper companies. George has a Bachelor degree from Columbia University and an MBA from the Harvard Business School. Gaery Undarsa is a Co-Founder of Tiket.com. He is currently operating as the Chief Marketing Officer. Before founding Tiket.com, He worked at IBM Canada as an IT Analyst & Developer for 4 years. He graduated from Simon Fraser University in Vancouver, Canada with a dual degree in Computing Science and Business. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to https://nextbn.ggvc.com/engage/

Jul 2020

1 hr 17 min

Today on the show we have Garry Tan, the managing partner of Initialized Capital, a venture firm based in San Francisco he started with the Reddit Co-founder Alexis Ohanian. Garry is a designer/engineer turned early-stage investor. He was a partner at Y Combinator for nearly five years where he advised and funded over 600 companies and more than a thousand founders. He was a cofounder of YC-backed blog platform Posterous (Top 200 Quantcast site, acquired by Twitter in 2012). Before that he was employee #10 at Palantir, where he was a founding member of the engineering team for Palantir's financial analysis product, and also designed Palantir's logo. He has a Bachelor Degree in Computer Systems Engineering from Stanford. Garry regularly shares his insights and advice for founders on his Youtube Channel.  This episode is cohosted by GGV Colleague Christine Hinton. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Jun 2020

1 hr

On this episode, we have Achmad Zaky, the founder and former CEO of Bukalapak, one of Indonesia's largest eCommerce site and the newest unicorn in Indonesia. The name Bukalapak means "open a market stall" in Indonesian. It reflects the company's vision of building an online marketplace for SMEs in Indonesia. We covered his founder journey as a fresh graduate, empowering small business owners in Indonesia with technology and his view on the evolution of the tech scene in Indonesia for the past 10 years. *The conversation was recorded last year when Zaky was still the CEO of Bukalapak. Since January. 2020, he has left the CEO role and started his investment fund Init 6. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community

Jun 2020

54 min 23 sec

As a bonus episode, we also caught up with Jenny, who led GGV's investment in Agora. We covered how she first met Tony, the future GGV was betting on and advice for technical founders. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

May 2020

27 min 44 sec

For this episode, we have Tony Zhao, founder, and CEO of Agora.io. Agora is the only real-time engagement platform designed to cross borders and reach users on low-bandwidth networks and lower-powered devices. It currently serves over 40 billion minutes of voice and video on its network, supporting a wide range of industries including social, gaming, education, IoT, finance, healthcare, enterprise training, and much more. As a response to the recent outbreak of the coronavirus, Agora.io teamed up with New Oriental, one of the largest providers of private educational services in the world to launch the "New Oriental Cloud Classroom," bringing more than one million students into virtual classrooms in just seven days' time. Tony is a serial entrepreneur. He founded Agora.io in 2014, with a vision to provide high-quality voice and video as a ubiquitous platform to developers and businesses around the world. Before Agora, he was CTO and board director at http://YY.com/ (NASDAQ: YY), one of the world's first video-based social network and live streaming apps with over 300 million users. He was also a founding engineer at WebEx, which was acquired by Cisco in 2007 for $3.2 billion.  For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

May 2020

49 min 10 sec

This episode is the recording of a private webinar we recently organized for GGV portfolio companies working to improve the supply chain of food in different markets. Online grocery is one of the most throat-cutting sectors in China. A study shows that with over 4,000 online grocery companies, only 1% is profitable, 4% can break even, and the overwhelming majority is burning money. Miss Fresh is among the rare ones that have survived and thrived after waves of competition. Miss Fresh is China's leading online grocery retailer that offers 1-hour instant delivery services across 16 cities in China, including first-tier cities such as Beijing, Shanghai, Guangzhou, and Shenzhen. The company has 1,000 distributed micro warehouses that fulfill up to 2,000 orders per day with over 3,000 SKUs. Its GMV tripled during the height of COVID-19 in China. Cecilia is a partner and the COO at Miss Fresh. She joined the firm in 2015. Prior to Miss Fresh, she was a private equity investor at Baring Asia, an investment banker at Deutsche Bank. She holds dual bachelor's degrees in economics and statistics, a master's degree in finance from Peking University, and is a member of Forbes 30 under 30 list. On the show, we covered the impact of COVID-19 had on the eGrocer business, the innovative model Miss Fresh came up with, and how it competes and collaborates with tech giants in the grocery delivery business. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

May 2020

1 hr 5 min

This episode is the last of our 3-part-webinar series on how founders and leaders are dealing with the current global crisis. It was hosted by GGV's Head of Talent Jennifer Holmstrom and featured Dylan Tey, Senior VP of HelloBike, one of China's biggest mobility service platforms, which manages a 30,000 flexible ground operators and Jeff Harper, Chief People Officer at HashiCorp, an enterprise software company that has its entire engineer team distributed across the world. We covered 3 key decisions each company made in the wake of COVID-19, the systems put in place to mobilize a big team in crisis, and the long-term impact this virus have on their industries. *HelloBike and HashiCorp are both GGV portfolio companies For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community for future webinars, go to nextbn.ggvc.com/community.

May 2020

59 min 33 sec

When the SARS pandemic struck in 2003, Savio was working as president and COO of an internet startup named Alibaba. Not only did the startup survive SARS, it launched a new business called Taobao and emerged as one of the most valuable companies in the world. On a special live podcast session, former President and COO of Alibaba (from 2001-2003) Savio Kwan joined GGV Capital Managing Partner Hans Tung to share the key learnings from Alibaba's SARS experience and answered live questions from founders in GGV's global network. Savio Kwan - Former President and COO of Alibaba Savio Kwan is best known for his time as president and COO of Alibaba from 2001 to 2003. He later took on the chief people officer role in 2004. He has more than 30 years' global management experience, including 17 years at the medical systems division of General Electric, where he was responsible for sales, marketing, operations, business development and establishing joint venture companies in Asia. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community for future webinars, go to nextbn.ggvc.com/community.

Apr 2020

1 hr 16 min

With the escalated spread of the coronavirus, GGV Capital is running a 3-session-webinar series with founders around the world to help them navigate the radical uncertainty ahead. Today's episode is the recording of the first webinar on managing cash flow at this special time, joined by Dr. Brian Gu, President and Vice Chairman from XPeng, and GGV's managing partner Jixun Foo. We covered everything from best practices of cash flow management during an external crisis, tips on alternative funding, to macroeconomic shifts startups must pay attention to in the post-virus world. Jixun Foo is a Managing Partner at GGV Capital and joined the firm in 2006. He is consistently recognized among the top VCs in China and counts 13 of his investments as mega-unicorns or unicorns, including Baidu, Boss Zhipin, Didi, Grab, Hello, Manbang, Meicai, Qunar/Ctrip, Tujia, Mogu, UCWeb, Youku Tudou, and Xpeng Motors. Brian Gu is the vice chairman and president of XPENG Motors, also known as Xiaopeng Motors, a Chinese electric vehicle company and a GGV portfolio company. At XPENG, Brian leads the company's global strategy, finance, fundraising, investments and international partnerships. Prior to joining XPENG Motors in March 2018, Brian was the Chairman of Asia Pacific Investment Banking at J.P. Morgan. He holds an MBA from Yale University, a Ph.D. in Biochemistry from the University of Washington Medical School and a bachelor's degree in Chemistry from the University of Oregon. For the full transcript of the show, go tonextbn.ggvc.com Join our listeners' community for future webinars, go tonextbn.ggvc.com/community.

Apr 2020

1 hr 2 min

For all of our listeners whose life has been disrupted by the coronavirus, we want to let you know that we stand in solidarity with you. We will get through this together. If you are a startup founder, we put together some operational tactics so you can take care of your team and adapt to change and cause the least disruption in the long run. Today's episode was recorded during the GGV Fellows program in Beijing. It is a week-long intensive learning experience for aspiring entrepreneurs who want to get into China's startup ecosystem. This year's 35 fellows came from top institutions around the world. With an amazingly diverse set of backgrounds, we got everything ranging from PH.D. in machine learning to a real estate startup founder who's also a pilot. For this episode, we sat down with 4 GGV fellows on their life stories, takeaways from the GGV Fellows programs, and their experiences of doing startups in China. Wenyou Tan head of Corporate Finance @ OVO, a Fintech Unicorn in Indonesia kuma.nijigen.recruit@gmail.com founder of a gaming startup in Beijing, who used to work on wall street. Get in contact with Raven for his startup at kuma.nijigen.recruit@gmail.com Sophie Luo a Wharton MBA who built a SaaS company in China Yuchen Jiang ex-software engineer at Facebook For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Mar 2020

48 min 51 sec

Today on the show, we have Amit Gupta and RK Misra, co-founders of Yulu. Yulu is India's ride-sharing startup launched in December 2017. It provides a network of over 10,000 shared vehicles, including bicycles and lightweight electric scooters, in Bengaluru, Pune, Mumbai, and Bhubaneswar. Yulu's vision is to reduce traffic congestion by providing a scalable, affordable, efficient, and clean solution for the short-distance commute. In this episode, we covered why Amit and RK decided to start Yulu after having some successful exits, how shared mobility works in urban India and working with the government to draft India's first micro-mobility policy. Before Yulu, Amit co-founded India's profitable unicorn InMobi - an online mobile marketing and advertising platform. During his 12 years there, he grew the company's business into other markets like China, US, and Western Europe. Amit has a bachelor's degree in engineering from India's top university India Institute of Technology, Kanpur. RK is a serial entrepreneur and a public figure known for his expertise in the nation's urban planning policy. He is an undergraduate from IIT with a Master's Degree from Tokyo University, also an alum of Harvard Kennedy School of Government. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Mar 2020

1 hr 6 min

Today's episode originally aired in July 2018. The guest is Eric Yuan, the founder and CEO of Zoom. Known for its easy-to-use and reliable video conferencing product, Zoom became a listed company in April 2019 and soon became one of the largest public SaaS companies in the world. The recent outbreak of the coronavirus has made remote working part of many people's new realities. It also puts remote working tools like Zoom under a stress test with the surging needs, which Zoom did incredibly well. It always works. GGV has been a happy customer of Zoom for a really long time and we hope this conversation can give you a hint on how it became successful in the first place. Zoom is used by a third of Fortune 500 companies and 90% of the top 200 universities in the US. Eric was recently named the Top CEO on Glassdoor, with an approval rating of 99%, and was the first person of color to win the award. Eric grew up and went to college in China, arrived in Silicon Valley in 1997 and joined WebEx when it was still a small company. In 2007 WebEx was acquired by Cisco and Eric became Cisco's Corporate VP of engineering in charge of collaboration software. Eric spent 14 years in total at WebEx and grew its engineering team from 10 to 800, and increased its revenue from zero to over $800 million. Eric holds 11 patents, plus 20 pending patents in the pipeline. In this episode, Eric shared his story of being rejected a US visa for 8 times while in China, getting its first paid customer, balancing the needs of SMB and enterprise, and what makes Zoom different from its competitors. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Feb 2020

39 min

This episode is co-hosted by GGV's investment colleague Madhu Yalarmathi. In this episode, we have Vamsi Krishna, CEO & Co-Founder of Vedantu. Vedantu is India's leading online tutoring company that enables students to learn LIVE with some of India's best-curated teachers. The name Vedantu is formed by two Sanskrit words Veda (Knowledge) + Tantu (Network), signifying a 'Knowledge Network' where any student can tap into and learn from a teacher, anytime-anywhere. In our conversations, Vamsi shared his experience in moving into online after building a successful offline tutoring center, getting his early users and his definition of an "EdTech" company. Before starting Vedantu, he has been a teacher for 13 years and founded a test prep company Lakshya, which was sold to a listed education company in 2012. You can watch Vamsi's TedTalk in which he made the argument against the standard curriculum. 03:14 Trained as an engineer, how did you become a teacher? 05:03 In your TED Talk, you argued that standard curriculums and standard delivery mechanisms won't work. Share with us more on that. 08:40 Back in early 2012, when you started the company, it was way before JIO and 4G came out in India. Internet users were growing but not as fast as the rest of the world. 13:24 How did you gain the confidence that the right way to build your second startup should be online education? 16:18 What are the scalability aspect of the business model to make it easier for new students to get acclimated to the online learning environment? 21:13 Many of your early users took a leap of faith and moved towards a fully online institution to prepare for the most important exam in their educational life. How did you get them to do that? How are you going about it now? 29:02 As an EdTech company, what do you look for from your tech team? 37:50 It's not hard to imagine that given the large talent pool of Indian teachers here, that the business could exponentially expand beyond India at some point in the future. Share with us how you think about that. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Feb 2020

54 min 47 sec

This episode is co-hosted by GGV's investment team colleague Madhu Yalamarthi. On this episode we have Rajesh Yabaji, co-founder and CEO at BlackBuck. BlackBuck is India's largest trucking logistics company, often referred to as "Uber for Trucks". In the episode, we covered creating a full-stack logistics marketplace in India, the conviction and rigor it takes to create a new category, building an agile company culture, and the choice of living in the same building with his co-founder. Prior to starting BlackBuck, Rajesh worked in the Indian multinational conglomerate ITC Limited for four years as a manager in supply chain and category management. He holds a bachelor's degree from the Indian Institute of Technology (IIT) in Kharagpur. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Jan 2020

49 min 4 sec

Today on the show we have Chen Ying. Ying is the founder and CEO of Shihuituan, the leading community commerce company in China. The literal meaning of Shihuituan means plenty of things. It's also a pun for value for money. With its network of 80,000 community influencers, the company currently serves 20 million households in 60 cities in China. For November of 2019, it recorded a monthly GMV of 500 million RMB (roughly 71 million dollars). Shihuituan is a GGV portfolio. Before launching Shihuituan, Ying founded an NGO aimed at helping farmers selling their goods online and another eCommerce company called "The Good Stuff". Ying worked in Bain Consulting and Bain Capital for 5 years before he got his MBA from Harvard Business School. Calling himself an intellectual cowboy, Ying has always been fascinated by the next frontier, which in his mind is the space, Africa and rural China. We discussed the ins and outs of how the community group buy model works, including how he found the product market fit, the role social apps play in this business model, the multi-layer delivery system, and the replicability of this model in other markets. If you have more questions for Ying, please submit them here. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Jan 2020

55 min 4 sec

For this bonus episode, we have Jixun Foo, managing partner of GGV Capital. Jixun recently led GGV's investment in Telio's Series A. Jixun shared with us why he chose to invest in the B2B eCommerce model vs B2C, his advice for founders who are solving the fragmentation of supply chain in different markets, the metrics he tracks for startups in that space and his outlook for Vietnam as a startup ecosystem. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Dec 2019

18 min 25 sec

This episode is co-hosted by Dimitra Taslim. Dimi is on the investment team at GGV Capital.  Today on the show, we have SyPhong Bui and My Linh from Telio. Founded in 2018, Telio is already Vietnam's largest b2b eCommerce platform. It connects small traditional retailers with brands and wholesalers on a centralized platform using technology and data. Telio is a GGV portfolio. On the show, we discussed how SyPhong got his idea for Telio because of Jack Ma from Alibaba, the lessons he learned from 2 previous failed startup he founded, the challenges facing mom and pop shops in Vietnam and how the tech ecosystem in the market has evolved in the market. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Dec 2019

34 min 53 sec

On the show today, we have Ankiti Bose, the founder and CEO of Zilingo, one of the largest fashion & lifestyle marketplaces in Southeast Asia. According to Bloomberg, the latest financing valued Zilingo is at $970 million. Ankiti is among the youngest female chief executives to lead a multi-million-dollar startup in Asia. Ankiti reveals how she thinks about the nature of Zilingo's business, the growth drivers of a 12x track in a short span of 4 years, being a first-time entrepreneur at 23, building localized teams in different countries and the staples in her wardrobe. Prior to launching Zilingo, Ankiti worked at McKinsey as a management consultant and Sequoia as an investment analyst. She holds a bachelor's degree in mathematics and economics from St. Xavier's College in Mumbai. For the full transcript of the show, go to nextbn.ggvc.com Join our listeners' community, go to nextbn.ggvc.com/community.

Dec 2019

41 min 56 sec