Gujarat Venture Finance’s Vishnu Varshney Is Looking At SMEs In Technology, Healthcare And Education To Invest In
So what is Vishnu Varshney of Gujarat Venture Finance Ltd (GVFL) going to do with his two funds - the Rs 100 crore-SME fund (this blog wrote about it in a recent post), and the Rs 50 crore biotech fund where Zydus Cadila has invested some money? Today’s Business Standard throws some light.
For the SME fund, Varshney will look at startups, but not from the concept stage as he did before; these companies have already been set up, are profitable and are looking to grow to the next stage.While he is looking at companies such as Parsec Technologies in Gurgaon, which provides call centre solutions to BPOs among other services, he says technology startups are still his first love. “For the SME fund, we’re working on technology that has already been validated,” says Varshney…I’m also diversifying in terms of industries. For instance, I’m looking healthcare and education — as long as the idea is innovative, I’m interested.” The average investment in companies for the SME fund will be Rs 2-10 crore, and GVFL will look at an overall involvement for 3-5 years.
Related:
Gujarat Venture Finance Set To Announce A 10-Year Close-Ended $22 Million SME Fund
Zydus Cadila To Invest In Gujarat Venture Finance’s $11 Million-Biotech Fund
03/29/08, 4:56 PM |
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