Industry & Economy
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Venture Capital
TiEcon 2005 session focuses on investors' needs
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(From left) Mr Vinod Dham, New Path Ventures; Mr Nitin Desai, Chairman, Venture Capital Committee, Planning Commission; Mr Kanwal Rekhi, Founder-member TiE; Mr Morten Lund, Indus View; and Mr Shantanu Bhagwat, Amadeus Capital, at TiEcon India 2005 in the Capital on Wednesday. — Kamal Narang
New Delhi
,
Dec. 14
EVEN though 2005 was not a year when too many buyout deals took place in the country, private equity deals ruled the roost, Mr Arun Natarajan of Venture Intelligence India said while presenting the overall investment scenario in the country at the first day of the three-day conference `Entrepreneurship Unleashed: TiEcon India 2005.'
He said during the current year, a total of 139 deals worth $1.86 billion took place through a mix of private equity and venture capital investments, out of which 65 per cent of the investments came from private equity companies alone. These payers mostly put their money into `late stage' companies, he added.
The IT sector saw around 37 deals worth $437 million, while the rest were in manufacturing, healthcare, life sciences and media.
In the manufacturing sector, the most popular investment destinations were auto components and textile companies.
The first day of the TiEcon India had about 50 Venture Capital funds from around the world participating. The event focussed on the investor community, with an investor forum featuring a dedicated session on addressing the needs of foreign and Indian investors who would like to commit funds to Indian entrepreneurs.
Sessions covered major private VC players such as New Path Ventures, Carlyle Group, WestBridge Capital Partners.
The venture capital committee set up by the Planning Commission was also present.
Later they had a close-door session where start-ups showcased their projects to the VCs.
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