RVC Scouts for Tieups to Enter India

Seeks JVs across sectors, particularly in education, biotechnology, renewable energy
Russian Federation-backed Russian Venture Capital (RVC) is scouting for Indian ventures to partner its portfolio companies, as the fund-of-funds looks to enter and make a mark in Asia’s third-largest economy.RVC manages assets of about $500 mil . 3,326 crore) across 22 funds.lion (about ` It is keen on joint ventures with Indian entities across sectors, particularly in education, biotechnology, renewable energy and the broader healthcare space, according to a senior executive at RVC.

“The first task is to promote our companies, and find industrial partners (for them), and try and embed them into India’s, as well as into the global supply chain,“ Alexander Potapov, executive director of RVC, told ET. “The next stage will be to find investment partners.“

RVC will not, however, invest in consu mer and internet sectors, which have traditionally been the largest beneficiaries of risk capital over the last three years, as investors poured in billions to back ventures catering to one of the world’s largest consumer markets. “There is enough private capital investing in those segments, and they can easily find money ,“ Potapov said.

RVC, which was formed in 2006, and is a wholly owned subsidiary of the state’s Federal Agency for State Property Management (Rosimuschestvo).

Source: The Economic Times

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Author:

Neeraj; an entrepreneur & a visionary in the field of Railway, Defense & Automobiles, is a graduate in commerce and a Harvard Business School Alumni. He’s an expert in govt. liasoning & contracting and has an exceptional network & connections at both local as well as global level. He’s an expert in Market Strategy & Planning and has served number of overseas companies as an advisor/consultant. He takes a profound interest in upcoming startups & is very receptive towards ground-breaking ideas & innovations. He likes to brainstorm those ideas and if the values & philosophies matches; he is even ready to invest his resources, serve as a mentor or act as an incubator to futuristic businesses.

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