About 18 months ago, Helion Venture Partners, one of India’s oldest homegrown venture capital firms, found itself at a crossroads. It could either continue with a blended sector focus, investing primarily in technology and some non-technology businesses, or pivot to a specialist technology investor. It chose the latter. The decision… Read more »
If the current generation of unicorns is struggling to attract investors, future aspirants such as OYO can ill afford to alienate customers such as Thelakkat on account of misplaced priorities and badly managed businesses.
“We want to be very disciplined investors who make money regardless of cycles,” says Niren Shah of Norwest Venture Partners about the fund’s strategy for India. So far, the Menlo Park, California based VC has stayed on course.
On most days, emails to Sudhir Sethi’s official address elicit an automated response. Sethi, founding partner of Bengaluru-based venture capital firm IDG Ventures India, has a lot on his plate. He’s on the road to raise the firm’s third fund, its biggest so far with a $200 million target corpus…. Read more »
The firm’s reinvention has paid off. Ola is now valued at $5b. From its early technology portfolio, two investments—Quikr and Dailyhunt —are among the country’s most-sought after start-ups. Matrix is now one of the most sought after VCs for technology entrepreneurs
“The next 200 million Internet users are going to be driven by mobile Internet. So we have to do things a bit differently. The downturn is probably a good opportunity to decouple in a few areas from the US. As we see a new generation of talented founders start up, we expect that people will look for business models that are more India-appropriate.”
The government’s ambitions of turning limited partner to venture capital funds has drawn sharp criticism from several quarters. The primary gripe is whether it is prudent, even proper, on the part of the government to invest taxpayers’ money in venture capital funds, which will in turn invest in enterprises that carry a high risk of failure.
Saama is somewhat of a unique entity in the Indian VC market. It’s a small fund that has stakes in some rather large companies. The portfolio, past and present, has start-ups such as Paytm, e-commerce marketplace Snapdeal, Mumbai-based wine producer Sula Vineyards, SKS Microfinance Ltd, online tutoring company Tutorvista, and software testing company AppLabs.
Over the last 10 years, venture capitalists have played a central role in shaping India’s start-up ecosystem and ushering in a decade of innovation and disruption. Since 2006, venture capitalists have been involved in deals worth more than $15 billion across more than 2,000 startups.
Nasdaq-listed Baidu, often dubbed the Google of China, has jumped onto the bandwagon of Chinese technology companies making a beeline for India’s start-up market. The Beijing-based Internet company said this week that it is in talks to buy stakes in three of the country’s leading consumer Internet start-ups—Delhi-based restaurant search… Read more »