The amount of money being raised by VC/PE players for the India market continues to spiral upwards. Here’s a news item from the Economic Times on ChrysCapital’s latest fund – which tops $1billion.
Mauritius-based private equity firm ChrysCapital has set up a new fund to invest $1.25 billion in Indian companies in the infrastructure, technology, pharma and financial sectors, a company official said on Thursday.
The fund launch comes a few months after global firms Citigroup, Blackstone and 3i forged ties with Indian lenders to fund infrastructure projects. Last month, the finance minister said India was expecting large inflows from global private equity firms, which would help fund an expected infrastructure bill of $475 billion over 5 years.
ChrysCapital senior managing director, Ashish Dhawan, said four previous company funds invested about $1 billion in 40 Indian firms, including Idea Cellular, IVRCL Gammon Suzlon, Moser Baer, ING Vysya Bank and Yes Bank.
“We have proven to our global investors that India is an extremely attractive investment destination,” he told reporters. About 75 foreign investors have put money in the new fund, which will invest up to $300 million in a company.
- Mary Meeker’s 2014 Internet Trends report - May 28, 2014
- Andreessen-Horowitz raises $1.5B for its new fund - February 1, 2012
- WestBridge launches India “evergreen” fund - November 15, 2011
Hi,
Good point. Even I was wondering that. BOA has quite a diverse set of people in Band of Angels. One of them atleast would be an investor in a competitor. ( I found 2 in my case ). I guess they give entreprenuer an option no who to present his pitch. I am just guessing though.
I am just wondering how Band Of Angels Work.
1. Entrepreneur presents idea to few angels
2. Angels consult in between themselves if idea is fundable
3. And Entrepreneur gets funding
Is it like that?
If yes, what if one of the angel who attends the presentation has funded/associated a competitor?