Deloitte Tohmatsu Venture Support To Send Expatriate to Bengaluru, India

15 April, 2024

Deloitte Tohmatsu Venture Support Co., Ltd. (“DTVS”), a Deloitte Tohmatsu Group company, announced that starting from April 2024 it sends expatriate to Bengaluru, Karnataka State, in India. Leveraging this new location in India, the firm intends to work closely with local organizations to help Japanese corporations partner with start-ups in India and expand into local markets.

Having overtaken China in 2023, India is now the most populous nation in the world, offering ample growth potential. The preliminary figure for real gross domestic product increased by 7.6%*¹ year-on-year in the second quarter of 2023 (with 2011 as a base year), marking 12 quarters of consecutive growth. As a network of public organizations, research institutions, and venture capitalists has already rapidly built an extensive ecosystem to support start-ups, India now boasts 110 unicorn companies*² with more than one-billion-dollar market cap within 10 years of the business launch. In fact, India is now the third largest country in terms of the number of unicorns, following US and China.

DTVS has been keeping an eye on this dramatically growing market and facilitated business alliances among leading corporations and investors from Japan and start-ups in India, for example, through “Morning Pitch*³” events launched in 2018. These efforts have led the firm to build stronger ties with the local start-up ecosystem. In addition, as part of global collaboration among Deloitte Tohmatsu Group in Japan and Deloitte firms around the world, the global practice of Japanese Services Group*⁴ has long been offering advisory services on tax, regulations, and other areas of business to Japanese multinationals in Bengaluru.

Together with DTVS’s existing expatriates in Silicon Valley, Singapore, and Israel, the newly sent expatriate to Bengaluru, also known as the “Silicon Valley of India,” will add to DTVS’s strengths in accumulating insights and supporting start-ups. Working closely with the Japanese Services Group and Deloitte India, the firm will continue to build on its capabilities, whether it be cross-border alliances among Japanese corporations and start-ups in India, Indian corporations’ expansion in Japan and the rest of Asia, or Japanese corporations entering the Indian market. 

Deloitte Tohmatsu Venture Support is committed to serving Japanese corporations as they gain a competitive edge in the international market while playing its part in driving growth of the Japanese market.

About the Office in Bengaluru

Address: Prestige Trade Tower, 19th FL, Muncipal No. 46, Ward No. 77, Palace Road, Sampangiram Nagar, Bengaluru , Karnataka, 560,001, India

Tel: +91(80)-6627-6387 

Office inaugurates: on April 15, 2024

Contact: Takahisa Ohira, Managing Director, Global Department

Overview of Deloitte Tohmatsu Venture Support

Name of the Company: Deloitte Tohmatsu Venture Support Co., Ltd.

Established: December 24, 1997

Paid-in Capital: 10 million yen

Representative: Yuma Santo, President 

Head Office: Marunouchi Nijubashi Building, 3-2-3 Marunouchi, Chiyoda-ku, Tokyo

URL: https://www2.deloitte.com/jp/en/pages/about-deloitte/articles/dtvs/dtvs.html

*1 Source: Ministry of Statistics & Programme Implementation, announced on November 30, 2023 https://pib.gov.in/PressReleasePage.aspx?PRID=1981170

*2 Source: Invest India https://www.investindia.gov.in/indian-unicorn-landscape

*³Morning Pitch Asia　https://asia.morningpitch.com/

*⁴ Japanese Services Group　https://www2.deloitte.com/jp/en/pages/global-business-support/articles/about-jsg.html

Deloitte Tohmatsu Group (Deloitte Japan) is a collective term that refers to Deloitte Tohmatsu LLC, which is the Member of Deloitte Asia Pacific Limited and of the Deloitte Network in Japan, and firms affiliated with Deloitte Tohmatsu LLC that include Deloitte Touche Tohmatsu LLC, Deloitte Tohmatsu Risk Advisory LLC, Deloitte Tohmatsu Consulting LLC, Deloitte Tohmatsu Financial Advisory LLC, Deloitte Tohmatsu Tax Co., DT Legal Japan, and Deloitte Tohmatsu Group LLC. Deloitte Tohmatsu Group is known as one of the largest professional services groups in Japan. Through the firms in the Group, Deloitte Tohmatsu Group provides audit & assurance, risk advisory, consulting, financial advisory, tax, legal and related services in accordance with applicable laws and regulations. With approximately 20,000 people in about 30 cities throughout Japan, Deloitte Tohmatsu Group serves a number of clients including multinational enterprises and major Japanese businesses. For more information, please visit the Group’s website at www.deloitte.com/jp/en.

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which is a separate and independent legal entity, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Bengaluru, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Mumbai, New Delhi, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.

Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our people deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society, and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s more than 450,000 people worldwide make an impact that matters at www.deloitte.com.