\n
\n\"India is going to be a fantastic market for us because there will be millions of people getting on the internet. Second, only local technology and local solutions can resolve local problems,\" Michael Jackson told ET.
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\nThe venture capital fund will look at investing in companies that offer disruptive models in the e-commerce and telecom space, for an investment period of 5-10 years, he added. Mangrove has already invested $5-10 million in Store King, which offers e-commerce platform to retail stores that double up as grocery stores in the tier-3 and lower towns in Karnataka, Tamil Nadu, Andhra Pradesh and Kerala.
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\nOffering the hybrid retail concept, for which the company had filed a patent, Store King installs kiosks or tablets in small town shops using which customers can shop up to 50,000 products online either on their own or with assistance. While customers pay in advance, the shop owner ensures that the products reach them the next day, thus saving on large inventory costs. \"I feel e-commerce is the natural way of buying products and I see great potential in India as there are a lot of people who are yet to make their first e-commerce transaction,\" Jackson said.
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\nMangrove started out in 2000, focusing on early-stage information technology companies and has since invested in over 70 startups across Europe, Israel and Russia. It currently manages assets of about $1 billion in four funds that invest in and guide small entrepreneurs, who need capital to grow.
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With initial ticket sizes of $5-10 million each and investment cycle of about five to 10 years, Mangrove increases the fund size as the company grows. It has invested about $25 million in three tranches in Danish messaging app maker Nimbuzz<\/a>, which was 70 per cent acquired by the UK-based New Call Communications<\/a> for $170 million in October last year. \n<\/body>","next_sibling":[{"msid":46181820,"title":"COAI likely to move court to stay spectrum auctions","entity_type":"ARTICLE","link":"\/news\/industry\/coai-likely-to-move-court-to-stay-spectrum-auctions\/46181820","category_name":null,"category_name_seo":"industry"}],"related_content":[],"msid":46181898,"entity_type":"ARTICLE","title":"Mangrove invests $250 million in India's e-commerce, internet and telecom startups","synopsis":"The venture capital fund will look at investing in companies that offer disruptive models in the e-commerce.","titleseo":"industry\/mangrove-invests-250-million-in-indias-e-commerce-internet-and-telecom-startups","status":"ACTIVE","authors":[{"author_name":"Gulveen Aulakh","author_link":"\/author\/19656\/gulveen-aulakh","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/19656.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":19656,"author_name":"Gulveen Aulakh","author_seo_name":"gulveen-aulakh","designation":"Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2015-02-10 09:01:57","lastupd":"2015-02-10 09:40:40","breadcrumbTags":["industry","Michael Jackson","Startups","Nimbuzz","Mangrove Capital Partners","New Call Communications"],"secinfo":{"seolocation":"industry\/mangrove-invests-250-million-in-indias-e-commerce-internet-and-telecom-startups"}}" data-authors="[" gulveen aulakh"]" data-category-name="Industry" data-category_id="18" data-date="2015-02-10" data-index="article_1">
新德里消息:红树林Capital Partners已经把200美元- 250语料库投资印度的电子商务、互联网和电信创业公司合伙人迈克尔•杰克逊在卢森堡的风险资本基金说。
“印度将是我们一个很好的市场,因为将有成千上万的人在互联网上获得。第二,只有当地技术和解决方案可以解决当地问题,”迈克尔·杰克逊告诉等。
风险资本基金将着眼于投资公司提供的模型在电子商务和电信领域,投资5 - 10年,他补充说。红树林已经投资5 - 10百万美元商店国王,提供电子商务平台,零售商店,双杂货店在三线和更低的城镇在卡纳塔克邦,泰米尔纳德邦,安得拉邦和喀拉拉邦。
提供混合零售概念,该公司已经申请了一项专利,国王安装亭或平板电脑存储在小镇的商店使用,客户可以在网上商店50000产品自己或帮助。虽然客户预付,店主保证产品到达第二天,从而节省大量的存货成本。“我觉得电子商务的自然的方式是购买产品,我看到巨大的潜力在印度有很多人没有让他们的第一个电子商务交易,”杰克逊说。
红树林开始于2000年,专注于早期信息技术公司和整个欧洲已经投资了超过70个创业公司,以色列和俄罗斯。目前管理的资产约10亿美元的四个基金投资和指导小企业家,需要资本的增长。
最初的机票大小的5 - 10百万美元和投资周期约5至10年,红树林增加基金规模随着公司的发展。它已投入约2500万美元在丹麦消息传递应用程序制造商三部分Nimbuzz收购英国的70%新电话通信去年10月为1.7亿美元。
“印度将是我们一个很好的市场,因为将有成千上万的人在互联网上获得。第二,只有当地技术和解决方案可以解决当地问题,”迈克尔·杰克逊告诉等。
风险资本基金将着眼于投资公司提供的模型在电子商务和电信领域,投资5 - 10年,他补充说。红树林已经投资5 - 10百万美元商店国王,提供电子商务平台,零售商店,双杂货店在三线和更低的城镇在卡纳塔克邦,泰米尔纳德邦,安得拉邦和喀拉拉邦。
提供混合零售概念,该公司已经申请了一项专利,国王安装亭或平板电脑存储在小镇的商店使用,客户可以在网上商店50000产品自己或帮助。虽然客户预付,店主保证产品到达第二天,从而节省大量的存货成本。“我觉得电子商务的自然的方式是购买产品,我看到巨大的潜力在印度有很多人没有让他们的第一个电子商务交易,”杰克逊说。
红树林开始于2000年,专注于早期信息技术公司和整个欧洲已经投资了超过70个创业公司,以色列和俄罗斯。目前管理的资产约10亿美元的四个基金投资和指导小企业家,需要资本的增长。
最初的机票大小的5 - 10百万美元和投资周期约5至10年,红树林增加基金规模随着公司的发展。它已投入约2500万美元在丹麦消息传递应用程序制造商三部分Nimbuzz收购英国的70%新电话通信去年10月为1.7亿美元。
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