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Anil Ambani's VC firm aims to seal 3-6 deals in six months
Anil Ambani Group's venture capital arm, Reliance Technology Ventures (RTVL) aims to seal 3-6 deals by June including two by end-March, a top company official said.
Anil Ambani Group's venture capital arm, Reliance Technology Ventures (RTVL) aims to seal 3-6 deals by June including two by end-March, a top company official said.
The corporate VC firm would focus strongly on cleantech and energy, defence and aerospace, financial services and media-related firms, besides its traditional technology and tech-enabled companies, the official said.
"On an average, we have invested in around 3-4 companies every year in the last three-years. This year we scent an immense potential and are hopeful of sealing 3-6-deals in the next six months," RTVL's CEO, Harshal J Shah, told PTI in Mumbai.
The company, which has since its inception in 2006, invested mainly in technology and tech-enabled firms, will from this year diversify its investments into other sectors such as aerospace and defence, cleantech and financial services segments, Shah said.
"While 2009 was a rough year for entrepreneurs, 2010 should be a good one. Both investors and entrepreneurs are more realistic now and we should be able to get fair valuations," Shah said.
"Fortunately for us, our portfolio companies' valuations not only went up but we also took a significant marketshare away from competitors and as a result the economic downturn has been a boon for us," he said.
