I promised entrepreneur Sujai Karampuri that I would write a piece on what an Indian Incubator Fund should look like, in response to the discussion in my previous piece, India Needs More Incubator Funds. To begin, I will tell you a story. When I first arrived at the Laboratory for Computer Science at MIT, my
Yesterday, I spent an hour chatting with Subrata Mitra, one of the Partners at Indian seed fund Erasmic, which has been in the news recently for attracting Google as a Limited Partner. I have been writing often about the Indian seed investment situation: Concept Arbitrage, Venture Capital in India, Too Much Money, Too Few Deals
From Business Week: “Draper Fisher Jurvetson manages a little more than $4 billion, but it’s spread across 19 funds and run out of 33 offices from Boston to Beijing. Regional managers can often spot opportunities more quickly than those in charge of “monolithic funds” based on Sand Hill Road, says Ravi Belani, an associate at
Yet another India fund was announced today. Matrix Partners has set up a $150 million fund to invest in consumer-focused industries mainly in the Internet, telecoms and media space. The fund will be co-managed by Avnish Bajaj, former founder/CEO of Bazee.com and after it sold to eBay, its chairman of Indian operations. (via Rafat Ali).
Top educational institutions should share their best practices.
Oak Investment Partners has set up a $200 Million venture fund to focus on the retail boom in India. Veteran retail investor Jerry Gallagher visited India and was astounded by the revenue per square feet in the Malls and Stores. He came back and convinced his partners to commit capital. Many of my VC friends