India: VC firms seek more time to return money to investors

India: VC firms seek more time to return money to investors

Photo: Bloomberg

As start-up exits continue to be elusive, venture capital (VC) firms have been forced to seek more time from investors to return their money.

Most VC firms in India started out in 2006 and 2007. Now, many of them, including Nexus Venture Partners, Kalaari Capital, Matrix Partners and IDG Ventures India, have already extended or will extend the timeline of their first funds by two years to return cash to their investors, according to a dozen VC firms and limited partners (LPs) familiar with the matter. LPs are firms that invest in VC firms.

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