Canaan Partners, Inventus Capital To Invest in Indian Startups

Canaan Partners, Inventus Capital To Invest in Indian Startups

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Bangalore: Canaan Partners that recently concluded its $600 Million fund raiser last year, has now come up with the plan to invest one sixth or $100 Million in India over the next four years.

Canaan had stated earlier last year that two thirds of this new fund will be put into different technological fields including digital media, consumer focused web firms, enterprise, mobile and communications in U.S, India and Israel, while the balance will go to healthcare investments in biopharmaceutical, medical device and health care infrastructure companies.

Inventus Capital, backed by Kanwal Rekhi, is scouting for startups in India. Inventus has raised $71 Million out of the targeted $100 Million for its second fund and plans to raise the remaining $29 Million by June this year. The company intends to invest around $1-2 Million each in 20-25 startups across U.S and India over the next half decade.

Its first fund of $52 Million is fully deployed into 18 companies with two successful exits.
Another one in this space is OrbiMed Advisors, which was planning second pan-Asian healthcare fund by year end.

Read More: 5 Entrepreneurial Lessons From Lord Shiva - 'The Destroyer' / 8 Hot and Exciting Trends For Indian Startups In 2013

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