$\"\"$ MUMBAI: Japan’s SoftBank<\/a> Corp and New York-based Tiger Global<\/a> Management — two of the largest investors in the nation’s Internet sector — are looking to increase their presence here and will hire or move overseas executives to lead operations in India.
\n
\nSources said SoftBank, which made a fortune on its investment in China’s e-commerce giant Alibaba, looks to set up a five-member team for India.
\n
\nIt would include a country head, besides executives at director and associate levels. \"They are meeting people and are expected to finalise the recruitment by February,\" said a person familiar with SoftBank’s plans.
\n
\nSoftBank has emerged as one of the largest investors in Indian Internet, deploying nearly $1 billion in companies including online etailer Snapdeal, online cab aggregator Olacabs and realty classifieds firm Housing over the past four months. SoftBank’s presence will add a late-stage investor to the Indian market, where local venture capital firms are focused on early to mid-stage deals of up to $20-25 million.
\n
\"Now we will have a serious investor writing large growth-capitalround cheques sitting out of India, where there were no obvious players in that market,\" said a venture capital investor familiar with the plans. It is not clear if the move to set up a team will mean that Soft-Bank will also go after smaller deals, starting at $10-20 million. Besides deciding on new investments, the team will also manage SoftBank’s growing India portfolio which also includes mobile advertising firm InMobi<\/a>.
\n
\nASoftBank spokesperson didn’t respond to an email seeking comment. Cash-rich SoftBank, headed by Japan’s wealthiest businessman Masayoshi Son, said last year that it would like to invest about $10 billion in India in the coming years.
\n
\nThe firm’s stake in Alibaba is estimated to be worth more than $80 billion, on an investment of $85 million made in 2000.
\n
Tiger Global, one of the early backers of the India Internet story and an investor in companies like MakeMyTrip and Just Dial<\/a>, is looking to further increase its pace of deals. The firm, which according to market sources has invested over $1.3 billion in Indian ventures, is looking to further replicate the success of its early bets like Flipkart and Ola. The move by Tiger Global comes after it said it is raising a new $2.5 billion global fund for venture capital investments, according to filings with US regulators.
\n
\n\"They will be making more trips to India and Kalyan is back to his full-time job from Flipkart; there will be a renewed thrust,\" said the founder of an early-stage venture capital firm, referring to managing director Kalyan Krishnamurthy who moved back to his role at the fund after a stint as chief financial officer at India’s largest e-tailer.
\n
\nWhile one source said Krishnamurthy is expected to stay in Bengaluru to step up deals, it could not be independently confirmed. Tiger Global has also been in talks with early-stage VC firms to look at coinvestments. A Tiger Global spokesperson declined to comment for this article.
\n
\"For Tiger Global, things have been working till now with the investments being done through New York<\/a> while their operations team is based in Singapore,\" said another Mumbai-based venture capital investor.
\n
\n\"But since they have over a dozen portfolio companies, it makes sense to be in India.\"
\n
\n\n<\/body>","next_sibling":[{"msid":46061842,"title":"Infosys co-founder Kris Gopalakrishnan bets $50 mn on research to create brain-inspired computing","entity_type":"ARTICLE","link":"\/news\/infosys-co-founder-kris-gopalakrishnan-bets-50-mn-on-research-to-create-brain-inspired-computing\/46061842","category_name":null,"category_name_seo":false}],"related_content":[],"msid":46065473,"entity_type":"ARTICLE","title":"SoftBank, Tiger Global may hire more executives for India operations","synopsis":"SoftBank and Tiger Global are looking to increase their presence here and will hire or move overseas executives to lead operations in India.","titleseo":"softbank-tiger-global-may-hire-more-executives-for-india-operations","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2015-01-30 14:57:02","lastupd":"2015-01-30 15:01:48","breadcrumbTags":["Enterprise Services","New York","Jobs","career","united states","HR","just dial","Softbank","inMobi","Tiger Global"],"secinfo":{"seolocation":"softbank-tiger-global-may-hire-more-executives-for-india-operations"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2015-01-30" data-index="article_1">

软银,老虎全球可能会雇佣更多的高管对印度业务

软银和老虎全球正在寻求增加他们的存在,将雇佣或移动海外高管领导在印度业务。

等局

更新2015年1月30日下午03:01坚持

孟买:日本软银集团和纽约老虎环球管理——两个最大的投资者在这个国家的互联网行业,正在寻求增加他们的存在,将雇佣或移动海外高管领导在印度业务。

消息人士表示,软银,赚了一笔投资在中国电子商务巨头阿里巴巴,看起来印度建立一个由五名成员组成的团队。

它将包括一个国家的头,除了董事和高管助理的水平。“他们人会议,预计2月完成招聘,”一位知情人士说软银的计划。

软银已经成为印度互联网最大的投资者之一,部署近10亿美元的公司包括在线网络零售商Snapdeal,在线出租车聚合器Olacabs和物业分类广告公司住房在过去四个月。软银的存在会增加后期投资者到印度市场,当地风险投资公司的重点是早中期发展阶段20 - 25几百万美元的交易。

“现在我们将有一个严肃的投资者编写大型growth-capitalround支票坐在印度,没有明显的球员在这一市场,”熟悉该计划的风险资本投资者说。目前还不清楚如果去建立一个团队将意味着Soft-Bank也会规模较小的交易后,从10 - 20百万美元。除了决定新投资,该小组还将管理软银印度日益增长的投资组合包括移动广告公司InMobi。

ASoftBank发言人没有回复记者寻求置评的电子邮件。现金充裕的软银孙正义(Masayoshi Son)由日本最富有的商人去年表示,愿意在印度投资100亿美元在未来几年。

公司的阿里巴巴股份估计价值超过800亿美元,在2000年投资8500万美元。

老虎全球,最早的支持者之一的印度互联网故事,MakeMyTrip和投资者就拨,希望进一步增加其交易的步伐。该公司根据市场资源投入了超过13亿美元的印度企业正在寻求进一步复制其早期的成功押注如Flipkart公司和Ola。老虎环球的举动之前,它说,这是提高一个新的25亿美元的全球基金的风险资本投资,根据与美国监管机构申请。

“他们将前往印度和Kalyan回到他从Flipkart公司全职工作;说:“会有一个新的推力早期风险资本公司的创始人,董事总经理指Kalyan•搬回他的角色在国际货币基金组织担任首席财务官后印度最大的网络。

当一个消息人士称•克里预计将保持在班加罗尔加强交易,无法得到独立消息来源的证实。老虎全球也在谈判早期风投公司看coinvestments。一只老虎全球发言人拒绝对本文置评。

“老虎全球,事情一直工作到现在的投资被通过纽约而他们的运营团队是建立在新加坡,”另一个说孟买风险资本投资者。

“但既然他们有超过12个投资公司,在印度是有道理的。”

发表在2015年1月30日下午02:57坚持

$\"\"$ MUMBAI: Japan’s SoftBank<\/a> Corp and New York-based Tiger Global<\/a> Management — two of the largest investors in the nation’s Internet sector — are looking to increase their presence here and will hire or move overseas executives to lead operations in India.
\n
\nSources said SoftBank, which made a fortune on its investment in China’s e-commerce giant Alibaba, looks to set up a five-member team for India.
\n
\nIt would include a country head, besides executives at director and associate levels. \"They are meeting people and are expected to finalise the recruitment by February,\" said a person familiar with SoftBank’s plans.
\n
\nSoftBank has emerged as one of the largest investors in Indian Internet, deploying nearly $1 billion in companies including online etailer Snapdeal, online cab aggregator Olacabs and realty classifieds firm Housing over the past four months. SoftBank’s presence will add a late-stage investor to the Indian market, where local venture capital firms are focused on early to mid-stage deals of up to $20-25 million.
\n
\"Now we will have a serious investor writing large growth-capitalround cheques sitting out of India, where there were no obvious players in that market,\" said a venture capital investor familiar with the plans. It is not clear if the move to set up a team will mean that Soft-Bank will also go after smaller deals, starting at $10-20 million. Besides deciding on new investments, the team will also manage SoftBank’s growing India portfolio which also includes mobile advertising firm InMobi<\/a>.
\n
\nASoftBank spokesperson didn’t respond to an email seeking comment. Cash-rich SoftBank, headed by Japan’s wealthiest businessman Masayoshi Son, said last year that it would like to invest about $10 billion in India in the coming years.
\n
\nThe firm’s stake in Alibaba is estimated to be worth more than $80 billion, on an investment of $85 million made in 2000.
\n
Tiger Global, one of the early backers of the India Internet story and an investor in companies like MakeMyTrip and Just Dial<\/a>, is looking to further increase its pace of deals. The firm, which according to market sources has invested over $1.3 billion in Indian ventures, is looking to further replicate the success of its early bets like Flipkart and Ola. The move by Tiger Global comes after it said it is raising a new $2.5 billion global fund for venture capital investments, according to filings with US regulators.
\n
\n\"They will be making more trips to India and Kalyan is back to his full-time job from Flipkart; there will be a renewed thrust,\" said the founder of an early-stage venture capital firm, referring to managing director Kalyan Krishnamurthy who moved back to his role at the fund after a stint as chief financial officer at India’s largest e-tailer.
\n
\nWhile one source said Krishnamurthy is expected to stay in Bengaluru to step up deals, it could not be independently confirmed. Tiger Global has also been in talks with early-stage VC firms to look at coinvestments. A Tiger Global spokesperson declined to comment for this article.
\n
\"For Tiger Global, things have been working till now with the investments being done through New York<\/a> while their operations team is based in Singapore,\" said another Mumbai-based venture capital investor.
\n
\n\"But since they have over a dozen portfolio companies, it makes sense to be in India.\"
\n
\n\n<\/body>","next_sibling":[{"msid":46061842,"title":"Infosys co-founder Kris Gopalakrishnan bets $50 mn on research to create brain-inspired computing","entity_type":"ARTICLE","link":"\/news\/infosys-co-founder-kris-gopalakrishnan-bets-50-mn-on-research-to-create-brain-inspired-computing\/46061842","category_name":null,"category_name_seo":false}],"related_content":[],"msid":46065473,"entity_type":"ARTICLE","title":"SoftBank, Tiger Global may hire more executives for India operations","synopsis":"SoftBank and Tiger Global are looking to increase their presence here and will hire or move overseas executives to lead operations in India.","titleseo":"softbank-tiger-global-may-hire-more-executives-for-india-operations","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2015-01-30 14:57:02","lastupd":"2015-01-30 15:01:48","breadcrumbTags":["Enterprise Services","New York","Jobs","career","united states","HR","just dial","Softbank","inMobi","Tiger Global"],"secinfo":{"seolocation":"softbank-tiger-global-may-hire-more-executives-for-india-operations"}}" data-news_link="//www.iser-br.com/news/softbank-tiger-global-may-hire-more-executives-for-india-operations/46065473">

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