Info-tech

Peesh Venture launches $50 mn fund for Indian tech start-ups

PRIYANKA PANI Mumbai | Updated on March 27, 2015 Published on March 27, 2015

 

Peesh Venture Capital (PVC), a US-based venture capital firm, will spend over $50 million to fund and nurture Indian technology start-ups. PVC will focus on collaborative, long-term relationships with enterprises and support them from the earliest stages of business development through successful exit and beyond, the VC said in a statement here.

PVC aims to build India technology ventures in the IT and mobile space to break through into a competitive global market. Apart from the funding capital, the PVC portfolio companies will be able to leverage its operating experience, thought leadership, and deep global network of relationships across this range of high-value sectors. The PVC Accelerator will be located in Bangalore and Gurgaon.

PVC typically invests from $100,000 to $5,000,000 from PVC II in exchange for equity in growth stage companies and PVC Accelerators invests about $5,000-$100,000.

Peesh Chopra, Managing Director, Peesh Venture Capital said, “India has emerged as one of the most promising entrepreneurial landscape globally. In the last 5 years, India has seen a rise of companies of global potential and acquisitions by global internet giants. We have launched the PVC II fund looking at the opportunities that the Indian ecosystem has to offer and the gap that we can fill by supporting new businesses that can put India on the global entrepreneurial map.”

The fund has a strong network of investors and mentors with expertise across a broad range of sectors including advanced machine and intelligence, aerospace and transportation, analytics and software, biotechnology & health, and consumer internet and media.

Published on March 27, 2015
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