Pune-based early-stage venture capital investment and incubation firm IncuCapital has teamed up with San Francisco-headquartered network of entrepreneurs EFactor to launch its India edition.
EFactor India will launch a series of activities for local entrepreneurs, so that they can access a larger network of experts, advisors, potential clients, talent and funding sources, according to a Press release.
Commenting on the agreement with EFactor, Kris Nair, senior venture partner of IncuCapital, said, “This strategic partnership is a prime example of what we refer to as an inbound venturing practice where we help launch foreign companies in India. This is one of many types of partnerships that we are currently working on establishing to stimulate the entrepreneurial environment here in India.”
IncuCapital is an arm of the public-listed PE firm Indiaco Ventures. The firm’s current portfolio includes EduAlert, PropertyPartners and Reddvise.
EFactor claims it has around one million members across 185 countries with key user-base in the USA, the Netherlands, the UK, Germany and India. The community was started in 2008 by three entrepreneurs – Adrie Reinders, Marion Freijsen and Roeland Reinders.
The co-founders were previously working with OHM, Inc., a global enterprise dedicated to assisting emerging technology companies in selling their products to Fortune 2000 corporations throughout Europe and the USA. “This market is ripe with growth opportunities and offers an environment of eager entrepreneurs who are looking for the tools and information they need to succeed,” said Adrie Reinders, co-founder and CEO of EFactor.