Inventus Capital To Raise $125 Million For Funding Cross Border Tech Startups
Inventus Capital, an Indo-US VC firm set up by Kanwal Rekhi, founder of The Indus Entrepreneurs (TiE) is in the process of raising $125 million for investments in tech startups that operate cross-border - in both the Indian and US markets, reports Mint. Inventus is targeting embedded software, mobile services, knowledge process outsourcing startups, as well as those creating Intellectual Property. Inventus is looking at 15-20 investments over three years, with deals mostly in the $1-$3 million, and some at $8 million. Question is - are there many options in the $1-$3 million funding range? For all the VCs out there looking for startups, we probably need more entrepreneurs…
Related StoriesPosted In: Money, M&A & Venture Capital, Venture Capital
Newsletter
Comments (4)
Dec 8, 2007 12:32 AM
I am surprised at your observation..about opportunities in the $1-3 million range and possibly biased by the number of deals of this size announced by the VCs.
In fact this is the totally underserviced segment of the entire industry, as there are no “Classical” VC funds with sizes of $50-100mn. Interestingl the segment below this (250K to 750K) there are three organsed funds ( and all of them have google as an investor!). I am not sure there is a shortage of entrepreneurs too..
Dec 8, 2007 6:20 AM
I agree with Ganapathy. I think there are a ton of companies that could use 1-3M range investments. This has been totally ignored so far, as VCs have been plucking the low hanging fruit (old & almost old economy companies) for safer returns.
As such there are tremendous opprotunities for startups in India. But it looks like we’ll wait for Google, Yahoo, Match, Orkut and n other companies to come and have our lunch.
There’s no dearth of entrepreneurs in India. Just the wimpy VCs shying away from high-risk high-return companies.
Dec 11, 2007 7:16 PM
I agree with Srinath. There are tremendous opprotunities for startups in India.
Dec 11, 2007 8:43 PM
> “There’s no dearth of entrepreneurs in India. Just the wimpy VCs shying away from high-risk high-return companies.”
@ Srinath,
I don’t agree with that statement. I don’t think VCs create entrepreneurs, (good) entrepreneurs attract VCs.
For example Y Combinator invests 5000$ per founder + 5000$ as theseed fund. By Indian standards 5000$ (parity) is 40000Rs. How hard is it then, to seed fund oneself (bootstrap) ?