“We are quite bullish on the Indian venture space and remain committed as we are a long-term player. Our ability to spot high potential startups as demonstrated in other emerging regions gives us the confidence to deploy a significant part of our global fund in India.”
— Nazar Yasin, Managing Partner, Rise Capital
According to news agency IANS, San Francisco-based investment fund Rise Capital announced to launch its India operations. It will invest in early-stage startups through its global fund III.
“We are quite bullish on the Indian venture space and remain committed as we are a long-term player. Our ability to spot high potential startups as demonstrated in other emerging regions gives us the confidence to deploy a significant part of our global fund in India,” the IANS report quoted Nazar Yasin, Managing Partner, Rise Capital, as saying.
The Venture Capital (VC) fund said tech startups in India will create well over $1 trillion in M-Cap by 2030.
“Rise Capital is known for investing in emerging economies like Latin America, the Middle East and North Africa region, South-East Asia and Africa. India is currently the third largest startup ecosystem globally, after the US and China,” the report said.
Rise Capital has hired Anuj Mehta as its first investment team member for the development and implementation of its India investment strategy.
Yasin, who is also ex-Tiger Global and Goldman Sachs executive, and former CEO of Forticom, said: “We bring unique value to our portfolio companies because all of our partners are former operators who have helped build $1 billion plus tech companies across emerging economies.
*****************************************************************
Readers
These are extraordinary times. All of us have to rely on high-impact, trustworthy journalism. And this is especially true of the Indian Diaspora. Members of the Indian community overseas cannot be fed with inaccurate news.
Pravasi Samwad is a venture that has no shareholders. It is the result of an impassioned initiative of a handful of Indian journalists spread around the world. We have taken the small step forward with the pledge to provide news with accuracy, free from political and commercial influence. Our aim is to keep you, our readers, informed about developments at ‘home’ and across the world that affect you.
Please help us to keep our journalism independent and free.
In these difficult times, to run a news website requires finances. While every contribution, big or small, will makes a difference, we request our readers to put us in touch with advertisers worldwide. It will be a great help.
For more information: pravasisamwad00@gmail.com