ABOUT HINDSIGHT VENTURES

Bullish about the prospects that the African tech startup ecosystem presents, Hindsight Ventures is an accelerator dedicated to early stage tech startups. Our thesis is based on the experience gained by our founders having cut their teeth in India’s burgeoning startup ecosystem from 2013 - 2020.

Early stage startups come with risk, and we aim to overcome that by having a program structure that has elements that allow us to work closely with exceptional founders, building scalable solutions for addressable problems - and making them investable ventures.

At Hindsight Ventures, we will be charting the familiar terrain and themes, with a vision to convert our hindsight into insights, and enable our portfolio startups with foresight.

A vibrant and booming market

  • 1.3 Billion people on the continent
  • 500 million smartphone users in 2020
  • 32% of the population is between 10 and 24 years of age
  • Estimated $ 300 Bn - Internet economy contribution to GDP Africa from year 2013-2025
  • One of the specific objectives of the World Bank, for Africa’s Digital Transformation Strategy is to enable an additional 300 million people in Africa to come online by 2025.

Mega Cities

The number of people living in urban areas in Africa will double to more than 1 billion by 2042, according to the World Bank. Africa is expected to have 14 mega-cities with a projected population of 10 million people and above by 2040, which will make it an attractive consumer base for tech entrepreneurs. Companies already established in the area will have a huge advantage of being the first movers.

Connected Cities

Africa has several land-locked cities that are dependent on ports built on coastal cities. Startups located in coastal hubs, should look at adjoining population and build for the region, over a period of time.

An international gateway, with worldwide connections to the Middle and the Far East, Europe, Australia, and America.

Consumerization

Demand for communication services has risen at a rate of 50% per year with consumers demanding services such as fixed-line telecom, broadcast, and data. Teenagers are the most valuable customers in tech since they usually haven’t developed brand preferences and are early adopters.

Ecosystem

Most top cities boast of a fast-growing innovation ecosystem that is diverse, with Data Labs, Arts Spaces, Living Labs, Community Spaces, Makerspaces, Creative Spaces, Incubators, Accelerators, and Technology Hubs. Add to that a variety of stakeholders that offer non-financial business support, mentoring, and co-working spaces.

Target Company Profile

  • Core Team In Place
  • High Scalability Opportunity
  • Some Level of Traction
  • Barrier to Entry Being Established

Our Operating Process

Our Portfolio

Our Team

Ajay Ramasubramaniam
Founder & CEO
Jagruti Bista
Lead - Africa Programs
Paul Mandele
Country Leader - Tanzania
Mohamed Mohamoud
Program Analyst - East Africa
Andronico Bernardy
Program Interns
Hardness Range
Program Interns
Chikota Sinkala
Program Interns