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Kanwal Rekhi Raising $150-$175 Million India-specific Fund
Mon, 02/13/2006 - 21:52 — Sahad P V
This fund will be talked about in the coming days since it’s the first time Kanwal Rekhi, one of the founders of The Indus Entrepreneurs and a celebrated NRI entrepreneur in the US, is raising an India-specific fund. Rekhi’s Inventus Capital Partners is in the process of raising a $150-$175 million fund for India. This will be invested in early stage technology firms.
According to Red Herring, “While he (Rekhi) is geography agnostic, he would like to invest in Indian startups. The fund should start investing before the year is out. “We wish we had the fund already as we have seen very good companies to invest in both in Bangalore and Silicon Valley,” said Rekhi. He said Inventus would focus on companies that offered solutions in software, consumer Internet, wireless, and technology-related services.
Another early stage fund is Seed Fund set up by Pravin Gandhi, Mahesh Murthy and Bharati Jacob.
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I believe this fund has not closed and they are still in the process of raising the money if they haven't given up yet.
Could not locate office address of Inventus Capital Partners, Bangalore.
Need their phone numbers. Please help.
Yes, Mr. Samir Kumar's business card reads 'Inventus Capital Partners' - he is associated with Inventus.
I believe Samir Kumar, who was recently a partner with Jumpstartup and was with Acer VC earlier, is the man tipped to head Inventus in India
Hi Pani,
Inventus Address
Bangalore
3rd Floor, Divyasree Chambers
Langford Road, Bangalore 560 025
Tel: +91 80 4147 4567 / 68