NVP India broadens focus to include into seed, late-stage deals

NVP India has started its own seed program, to be run under US-based parent NVP's global fund, which will invest up to $100,000 in internet and mobile start-ups, LiveMint reported. It is looking to make 2-3 such investments each year.

The company has invested more than $300 million in the country through 16 transactions, typically committing $15-35 million each time. Early to mid-stage deals tend to be $2-15 million.

Niren Shan, managing director of NVP India, said the shift in strategy was partly motivated by the growing comfort tin India for early-stage investments and the maturing market for VC exits. However, the increasing difficulty accessing Series A or Series B deals in the country due to high valuations is also an issue.

Concerns about rising valuations have already prompted some Chinese venture capital firms to focus more on early stage deals.

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• Topics
• South Asia
• Early-stage
• Expansion
• Healthcare
• Financials
• Infrastructure
• Technology
• India
• Venture
• Norwest Venture Partners
• seed