Inventus Capital begins investing $125 Mn venture fund
By
siliconindia news bureau
Bangalore: Inventus Capital Partners, a U.S.-India venture firm, today announced its readiness to invest in India with a seasoned venture team. Inventus will invest in technology-powered companies that address high-growth global and local markets. The firm will invest $1 to $10 million in 15-20 early-growth companies over the next few years. Founded with a team of four experienced venture investors including Kanwal Rekhi, celebrated entrepreneur and mentor, Inventus seeks to extend its track record of successfully supporting and mentoring entrepreneurs both in the U.S. and India. Each of the firm's principals apply relevant industry operating and investing experience and in total have invested in over 100 early-growth companies which, to date, have produced over 40 multi-millionaire founders.
Kanwal Rekhi and John Dougery are based in Silicon Valley, while Samir Kumar and Parag Dhol are based in Bangalore. In addition, Inventus has several prominent Venture Advisors including Saurabh Srivastava (successful entrepreneur and early venture capitalist in India), Prof. Rajeev Motwani (Stanford University professor, and start-up advisor to the Google & Yahoo! Founders), B. V. Jagadeesh (successful serial entrepreneur), and Dr. Sridhar Mitta (former President of Wipro's R&D).
Speaking to reporters at a press conference in Bangalore, Kanwal Rekhi, Co-founder, Inventus Capital Partners, said, "Across India I see many similarities with the emergence of Indo-American entrepreneurs in Silicon Valley. Our success in mentoring those entrepreneurs who created outstanding companies in that environment is directly relevant to the needs of Indian entrepreneurs, particularly given the strong ongoing ties with Silicon Valley. We formed Inventus to harness our unique combination of operating experience and mentoring skills to further catalyze India's entrepreneurial ecosystem."
According to John Dougery, Co-founder, Inventus Capital Partners, "Kanwal and I have successfully backed entrepreneurs together for over a decade, and closely teamed with Samir and Parag we are well positioned to support Indian ventures which leverage technology to revolutionize the Indian economy and disrupt global markets."
The Inventus principals have successfully invested in over 100 companies through multiple venture cycles since 1993.
Kanwal Rekhi and John Dougery are based in Silicon Valley, while Samir Kumar and Parag Dhol are based in Bangalore. In addition, Inventus has several prominent Venture Advisors including Saurabh Srivastava (successful entrepreneur and early venture capitalist in India), Prof. Rajeev Motwani (Stanford University professor, and start-up advisor to the Google & Yahoo! Founders), B. V. Jagadeesh (successful serial entrepreneur), and Dr. Sridhar Mitta (former President of Wipro's R&D).
Speaking to reporters at a press conference in Bangalore, Kanwal Rekhi, Co-founder, Inventus Capital Partners, said, "Across India I see many similarities with the emergence of Indo-American entrepreneurs in Silicon Valley. Our success in mentoring those entrepreneurs who created outstanding companies in that environment is directly relevant to the needs of Indian entrepreneurs, particularly given the strong ongoing ties with Silicon Valley. We formed Inventus to harness our unique combination of operating experience and mentoring skills to further catalyze India's entrepreneurial ecosystem."
According to John Dougery, Co-founder, Inventus Capital Partners, "Kanwal and I have successfully backed entrepreneurs together for over a decade, and closely teamed with Samir and Parag we are well positioned to support Indian ventures which leverage technology to revolutionize the Indian economy and disrupt global markets."
The Inventus principals have successfully invested in over 100 companies through multiple venture cycles since 1993.
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