Google Aquires 30 Percent In Ventureast TeNet Fund II
In what will be its third investment in Indian venture capital funds, Google has acquired 30 percent in Ventureast TeNet Fund II, a SEBI registered venture capital fund, for Rs 15 crore ($3.75 million). [via VC Circle]. Earlier this year, Google invested undisclosed amounts in Seed Fund and Erasmic Venture Fund. Ventureast TeNet Fund, managed by Ventureast Fund Advisors India Ltd., began with a corpus of $15 million with a mandate to finance start-ups in the telecom and IT industries. It typically will invest $2.5 million $10 million in an early stage venture, reports VC Circle.
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Jul 23, 2007 8:58 PM ET
Posted In: E-Commerce, Money, M&A & Venture Capital, Venture Capital
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Jan 3, 2009 9:17 AM
BUSINESS PROPOSAL
Dear Sir,
I am a Chartered Accountant having 20 years of practical experience of my line. Few of my valued clients are going for projects, which, in my opinion, are very worthy, and considerable projects, the details are as under: -
1.Out of the two Five Star Hotels, one has got a very established brand and second is going to acquire the same. The locations / city for both the upcoming hotels are very potential and they are very hopeful for a very good occupancy ratio (I also realize the same) and approx 40 - 60 % constructional work is almost complete.
2. One of my client is going for MRO / Airport Project for the repairs & maintenance of the Indian & Foreign Aircrafts and I can only say that this is a very potential project and is a need of the time.
3. Regarding Commercial Malls, the position is as under:
a) All the upcoming projects are at the best locations and one of the Commercial Mall is 70 - 80% is complete and a Five Star Hotel is attached with this mall and the hotel is complete up to 50 - 55% and a composite finance is required for this combined project of Mall and the Hotel.
b) Second Mall is the biggest of the city and has signed with a very prominent chain of Multiplex.
c) Another Mall is basically a High Valued Item / Imported Car Showroom attached with Super Specialty Service Apartments and
d) Forth is the Mall who’s Project Cost is around Rs. 3,000 Crores.
4. There are three SEZ’s Proposals, in one, the financing of Rs. 330.00 Crores has already been availed but the additional financing to the tune of Rs. 200.00 Cr. is required at present while the valuation of the property is around Rs. 1500.00 Crores.
In another existing SEZ, the Finances to the tune of Rs. 735.00 Cr. has already been availed but the additional Finances to the tune of Rs. 125.00 Cr. is required while the valuation of the properties is Rs. 2,000.00 Cr. In the case of Third SEZ, the land of 250 Acres has already been acquired, SEZ has already been notified by the Govt. and Maps has also been sanctioned and an exposure of Rs. 150.00 Cr. is required.
Please inform whether you will be interested in Financing for the said projects.