Business Daily from THE HINDU group of publications
Wednesday, Jul 16, 2008
ePaper | Mobile/PDA Version | Audio
Business Daily from THE HINDU group of publications Wednesday, Jul 16, 2008 ePaper | Mobile/PDA Version | Audio |
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Markets
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Venture Capital Our Bureau Mumbai, July 15 Walden International Group, an US-based venture capital firm, on Tuesday announced its plans to re-enter the Indian markets. The San Francisco-based firm will invest over $150 million over the next two years in Indian companies. “We plan to invest in sectors such as healthcare, consumer internet, banking and financial services and education,” said Mr Rajesh Subramaniam, Managing Director, Walden India. “We are in discussions with a number of companies and the ideal deal size we are looking at for each company would be around $10-15 million,” Mr Subramaniam added. Economic fundamentalsThe firm aims to enhance its investment portfolio, as well as its executive team in the country. Currently Walden International is managing assets of over $1.9 billion out of which $1.6 billion have been invested across Asia and the US. “The vibrancy and strong economic fundamentals of India as a country are key reasons for the reverse brain drain from around the world, especially the Silicon Valley. This situation provides the right mix of global managerial and entrepreneurial talent required for the vibrant local market to grow,” said Mr Lip-Bu Tan, Chairman, Walden International. Walden International has invested in companies such as Webex, Creative, Semiconductor Manufacturing International Corporation, Sina, Wuxi, Little Swam, MindTree Consulting, Kelon, UMAX and D-Link. More Stories on : Venture Capital | Outlook
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