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The Unlikely VCs
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| For a fund that goes by the name of APIDC Venture Capital, its seven partners are anything but old–fashioned. One is a blues guitarist who’s done gigs at blues bars in Chicago; another is an amateur bartender who can knock up deadly margharitas and mojitos; the third has an abiding passion for interior decoration, the fourth is a meditation expert, the fifth is a long–distance runner, the sixth has co–founded an art gallery and the seventh founded a ‘Heart of a Child Foundation’ with Sylvester Stallone as one of the patrons. But guess what? |
| Posted On: October 2007 |
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Investor of the month - July 2009, DARE Magazine
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| DARE Magazine nominated Sarath Naru, Managing partner of VenturEast, as the investor of the month for July 2009. Here is an interview that the magazine published of Sarath\'s. |
| Posted On: July 2009 |
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Google invests in Ventureast
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| Global IT giant, Google Inc, will be investing up to Rs 22.5 crore (around USD 5.5–million) in Ventureast TeNet Fund–II, a seed–stage fund that will invest in technology companies trying to establish their foothold. |
| Posted On: November 2007 |
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Launch of proactive fund
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| VenturEast, a fund manager, unveiled its new $150 million fund, VenturEast Proactive Fund, which will invest in both early stage companies and growth stage companies. It will focus on the needs of SMEs and those companies at the bottom of the markets. |
| Posted On: November 2007 |
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IFC invests in Ventureast
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| International Finance Corporation (IFC), part of the World Bank Group, will invest $15 million in $150 million venture capital fund VenturEast Proactive Fund. |
| Posted On: November 2007 |
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Sarath Naru on How to raise funds for your venture and exit plans
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| “You must find a way to do things differently. Have the spark of creativity in you so as to differentiate yourself from the rest of the crowd” |
| Posted On: November 2007 |
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Si2 Microsystems raises US$12mn investment from VenturEast & JAFCO Asia
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| Si2 Microsystems, a leading System-in-Package (SiP) solutions provider, has raised US$12mn from VenturEast and JAFCO Asia in a second round of funding. Bangalore based Si2 delivers turnkey solutions by integrating system and chip design capabilities with packaging technology. IL&FS had earlier invested in Si2. |
| Posted On: February 2009 |
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India set for a publishing outsourcing windfall
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| Changing media consumption habits of people in the West coupled with the spiraling cost of ink and newsprint has made newspaper and magazine firms cost-sensitive, driving the growth for publishing outsourcing.
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| Posted On: January 2010 |
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Godfather fund
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| Unlike most startup incubators backed by academic institutions, access to capital has never been a problem for Chennai based TeNet Group. A unique joint venture with Ventureast Funds has enabled the incubator, promoted by the Indian Institute of Technology, Madras (IIT-M), to raise $20 million over two seed funds—Ventureast TeNet Fund I and II—and bankroll 16 startups since 2001. |
| Posted On: July 2009 |
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Venture Intelligence interviews Sarath Naru
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| We are venture style investors into highly differentiated businesses and unproven risk is the essence of our style of investing. I don’t think we would start doing private equity kind of investments. |
| Posted On: January 2009 |
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Sarath Naru on the Satyam saga
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| I don’t believe that it is symptomatic of what Indian businesses are doing and does that mean I will be very vigilant as an investor. No. Or will my behaviour change in a certain way, No. My belief is that we will continue to do what we have been doing. |
| Posted On: January 2009 |
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Sarath Naru on his best deal
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| Sarath talks about Ocean Sparkle. A deal that Ventureast came across accidently but one that fitted the investment thesis. Kumar walked into the firm\'s Hyderabad offices with a business plan. \"In all, we have achieved an exit multiple of 43X on our investment\", says Naru. |
| Posted On: October 2009 |
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Raghu Mendu on the next big deal in PE in India
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| The Private Equity panel at the 1st Ross India Business conference at the University of Michigan was aptly titled \"The Next Big Deal\" and attracted a wide array of speakers including Gopal Srinivasan, chairman, TVS Capital Funds; Subbu Subramanian, co-founder, Baring Private Equity Partners India and Raghuveer Mendu, general partner, Ventureast.
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| Posted On: October 2009 |
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Sarath on social investing
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| Outlook business features Sarath and Sameer (CEO Neurosynaptic) in their cover story on social investing. |
| Posted On: March 2010 |
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Anuradha on Women's Day
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| Women’s day is a day of celebration of womanhood. But I am no feminist nor am I a believer in separate or special rights for women. Here, as a venture capitalist, I provide my perspective. The views are personal and do not reflect the policies of the firm I work with, Ventureast. |
| Posted On: March 2010 |
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APIDC - Ventureast Group
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| The Ventureast Group has been a pioneer in the venture capital arena in India. Ventureast took over majority control of “APIDC Venture Capital Limited”in 1995, in the first ever such privatization in India. It followed this up by forming the first technology institution linked venture capital fund in India, the “Ventureast-TENET Fund”, associated with the TENET Group...... |
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Banks invest into Ventureast
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| Bank of Baroda (BOB) has committed Rs.10 crores and Punjab National Bank (PNB) has committed Rs. 5 crore in APIDC Venture Capital’s (APIDC VCL), ‘The Biotechnology Venture Fund’. APIDC–VCL is a public–private partnership between the Ventureast Group and the Andhra Pradesh Industrial Development Corporation (APIDC).
The Biotechnology Fund with a targeted size...... |
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Andhra Bank invests in Ventureast
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| Andhra Bank committed to invest Rs. 10 crores in The Biotechnology Venture Fund to be managed by APIDC-Venture Capital Limited. This will be the first biotechnology–focused venture capital fund to be launched in India. With the investment commitment of Rs. 15 crores by the Government of Andhra Pradesh through the Andhra Pradesh Industrial Development Corporation, the fund has...... |
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Launch of Biotech Venture Fund
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| The Biotechnology Venture Fund (Fund) is the first biotechnology focused venture capital fund to be launched in India. With the investment commitment of the Government of AP (APIDC) and that of the Andhra Bank, the Fund has accomplished its ‘First Closing’ and is ready for disbursal of funds.
The Investment Manager of the Fund is a unique public-private partnership, APIDC Venture...... |
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