Indian technology start-ups are seeing corporate venture capital arms as attractive partners, but investors must be prepared to show what differentiates them from their parent companies, industry participants told the AVCJ India Forum.
“We're a $30 million fund, and people used to ask why are you not writing $50 million per check, when the group has access to significant amounts of capital,” said Gaurav Sachdeva, managing partner...
Baidu Capital, a VC firm backed by Chinese search engine Baidu, has led a round of funding for WM Motor Technology, a Chinese electric vehicle manufacturer.
NSI Ventures has reached a first close of approximately $60 million on its second Southeast Asia venture capital fund and also participated in a $5 million Series A round for Singapore-based digital healthcare company Biofourmis.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $20 million in the third India-focused vehicle of Lighthouse Funds.
GenBridge Capital, a private equity firm set up by former executives from Chinese online retailer JD.com and TPG Capital, has closed its debut consumer-focused fund at the hard cap of $500 million.