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VenturEast Proactive Fund II

Imprimer

The Fund is dedicated to investments in Indian SMEs that develop or utilise information and communication technology (ICT) to become leaders in their market and operate in the country’s secondary cities, sub-urban and rural areas.

The Fund will be managed by VenturEast Group, a seasoned PE group that has raised 5 other PE funds in the technology, life sciences and micro equity space since 1997 and is amongst the longest performing India-focused venture capital firm. With VenturEast II, it will have around $400 million under management. The Fund has already invested in 4 companies, and 5 deals are in advanced stages of the investing process.

  • Montant de l’investissement (€):

    USD 5 M

  • Signature du contrat :

    2017

  • Nature de l’intervention :

    Equity

  • Impacts sur le développement :

    • 1 — Local economic growth (digital for inclusive and sustainable economic growth): The Fund aims to make investments in c. 20 seed to early stage technology businesses addressing the needs of India’s underserved markets. Through its focus on early-stage companies, it will actively promote entrepreneurship, help the development of the Indian VC ecosystem, enabling innovation, job creation and skills enhancement.
    • 2 — Access to basic services and goods (digital for inclusive societies): The Fund’s strategy is to focus on companies that are part of the mobile revolution and that develop innovative technologies / software that can solve India specific problems and match the needs of the lower to middle class customers. Some portfolio companies have already shown the positive impacts they have for end-users that go beyond convenience or pleasure.