Anil Ambani aims to seal 3-6 deals
Mumbai: Anil Ambani Group's venture capital arm, Reliance Technology Ventures (RTVL) aims to seal around 3-6 deals by June including two by end-March, a top company official said, reports PTI.
The corporate VC firm would focus strongly on clean-tech and energy, defense and aerospace, financial services and media-related firms, besides its traditional technology and tech-enabled companies. "On an average, we have invested in around 3-4 companies every year in the last three-years. This year we see an immense potential and are hopeful of sealing 3-6 deals in the next six months," said RTVL's CEO, Harshal J Shah. "While 2009 was a rough year for entrepreneurs, 2010 should be a good one. Both investors and entrepreneurs are more realistic now and we should be able to get fair valuations."
While the potential of clean-tech and energy companies is obvious, RTVL sees a tremendous potential in aerospace and defense. The Anil Ambani group firm which has invested in 11 firms so far (investing close to a total of $100 million), is also aiming at financial services, especially the payment gateways segment. "Here security is a big issue. With billions of dollars of transactions taking place, security companies will come up giving us huge investment opportunities," Shah said. "We are also eyeing product companies in the fixed income segment. The corporate bonds market is set to grow and players here are also our target."
RTVL aims to be among the top three VC firms in the world by 2014 with a global footprint. "We plan to set up offices abroad beginning with the U.S. over the next two years," he said.
The company will also up its deal size from the present $1-15 million depending upon investee companies' requirements. Its strategy to capture pole position globally comprises of upping deal size, expanding partnerships, acquiring a global footprint, increasing the valuations of its portfolio companies and finding extraordinary opportunities, which is lying untapped presently.
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