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Wednesday, July 04, 2012

IvyCap ventures raise Rs 105 crores of funds.

IvyCap Ventures Trust Fund is a SEBI registered fund and has been set up as India's first Venture Capital Fund focused on entrepreneurs with professional backgrounds from premier educational institutions of India such as the IITs and IIMs. It is also the first fund to have a "Give Back" of a share of profits to the Alma Maters of investors on their behalf. The Give Back will come from the Fund Manager’s share of profits, and is aimed at creating an entrepreneurship culture in institutes.

This Fund is anchored by “IIT Alumni Trust” and has a minimum target size of Rs 200 crores with a strategy to prioritize early and growth stage investments in our high growth and core sectors such as Healthcare, Energy, Food/Agriculture based businesses, Technology.

Significant highlights of the Fund are as follows:
    Five financial institutions including three large Nationalized banks, a large Financial institution and a Government department have made a combined commitment of Rs. 65 Cr already in the Fund. IIT Alumni Trust is the anchor investor and has committed Rs. 40 Cr in the Fund. The Fund’s first closing has just been completed in June, 2012 at an aggregate amount of Rs. 105 Cr.

Founder and Managing Partner
2nd Floor, Wing-B, Supreme Business Park,
Hiranandani Gardens, Powai
Mumbai - 400076
Phone:  +91-22-39530567(B),  +91-22-39379860(D)
Fax: +91-22-39530600
Mobile:  +91-9987060061

1 comment:

dsk said...

There is a Global mind set issue / mental block which seems to be convinced that innovation happens only by people passing out from premium institutions like IIM/IITs or Harvards etc when in reality it is far from true. For example the current day innovators are

Bill Gates
Micheal Dell
Steve Jobs

Dhirubhai Ambani
LV Prasad
People with excellent ideas are being denied much needed funding due to this false notion of Institutional Superiority.

I have been advocating the need to have a 'Task Force' for assessing Innovations and supporting them for Actualization & Commercialization. Thanks to you Dr.AS Rao, we could do it during 'Technology Assessment & Commercialization Meet' held at Hyderabad during 29th Sept'2011 - 1st Oct'2011.

With Warm Regards,

(Leader in Innovative ICT Solutions in Education, Agriculture, Healthcare & eGovernance)

Camp Office: Agribusiness Knowledge Centre,
(An initiative of NAARM & GISPL on PPP mode)
NAARM Campus, Rajendra Nagar,
Hyderabad - 500 407,
SKYPE : dskrao65
Tel: +91-40-24581380
Cell: +91-9440051847