$\"\"$ Kolkata:Sistema JSFC<\/a>, a Russian conglomerate with over $10 billion of annual revenue, has jumped onto the Indian startup bandwagon. It has floated a proprietary $50-million (Rs 340 crore) Asia Fund to support Indian startups operating in the technology and niche consumer retail segments.
\n
“The Sistema<\/a> Asia Fund will start with an initial tranche of $50 million, which will be increased significantly in the near future once our startups financing business grows in India,” Sistema JSFC’s Group CFO Vsevolod Rozanov told ET. He declined to reveal the future size of the Asia Fund on confidentiality grounds.
\n
Rozanov said the Singapore-registered fund would be advised by Insitel Services, the wholly-owned Indian unit of Sistema JSFC. Andrey Terebenin<\/a>, an ex-Sistema JSFC executive board member, has relocated to India as senior managing partner of Insitel to oversee the advisory services function of Sistema Asia Fund.
\n
\n“Sistema JSFC has an abundance of investible resources, and we realised funding startups could be a great way to leverage our knowledge about how business works in India by virtue of our presence in the telecom business, and also at a time when the Modi-led government is committed to galvanising the startups ecosystem,” said Rozanov.
\n
Sistema’s decision to diversify into the Indian startup financing scene comes at a time when Anil Ambani-led Reliance Communications is taking over the Russian conglomerate’s Indian mobile telephony venture, Sistema Shyam Teleservices<\/a>, which operates under the MTS brand.
\n
\nIn the first wave, Sistema Asia Fund will provide early-stage financing to startups who already have a revenue stream. “We will, typically, fund tech startups and others involved in innovative consumer-centric businesses aligned with the e-commerce\/online retail model such as furniture leasing, food delivery to payment gateways,” said Terebenin.
\n
\nHe added that the fund will shortly close a couple of early-stage financing deals with Indian startups operating in its preferred domains.
\n
\nBoth Sistema JSFC executives, however, declined to confirm the potential ticket-size of such financing deals, but a person aware of the matter pegged it “upwards of $1 million each”.
\n
\nSistema Asia Fund will also support Indian startups in its preferred domains that are looking to expand into the Russian market.
\n
\n“Sistema JSFC is open to taking on board limited partners, who would be co-investors in the Sistema Asia Fund,” said Rozanov. But once that happens, the Sistema Asia Fund would no longer remain a proprietary one, and would require a separate operating licence from the Singapore regulatory authorities.
\n
\nStartup activity has been on a roll in the last couple of years in India, and has drawn the attention of big name investors from Silicon Valley and propelling valuations of several young companies in billions of dollars. But most of India’s startup successes have been around the world of technology or use technology as a key differentiator.
\n
\nThe Narendra Modi-led government recently unveiled the Startup Action Plan that promises no tax on profits for the first three years, no capital gains tax on assets sold to fund a startup, a self-certification-based compliance system for new firms, no inspection for three years and a single-point interaction hub. The prime minister also recently said his government would have a Rs 10,000-crore fund for startups.\n\n<\/body>","next_sibling":[{"msid":50860329,"title":"ICA seeks 5-year tax holiday for successor of Nokia\u2019s Chennai plant","entity_type":"ARTICLE","link":"\/news\/ica-seeks-5-year-tax-holiday-for-successor-of-nokias-chennai-plant\/50860329","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":50860460,"entity_type":"ARTICLE","title":"Sistema sets up $50 mln fund to invest into start-ups","synopsis":"\u201cThe Sistema Asia Fund will start with an initial tranche of $50 million, which will be increased significantly in the near future once our startups financing business grows in India,\u201d Sistema JSFC\u2019s Group CFO Vsevolod Rozanov told ET.","titleseo":"telecomnews\/sistema-sets-up-50-mln-fund-to-invest-into-start-ups","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-02-05 08:26:23","lastupd":"2016-02-05 08:48:48","breadcrumbTags":["industry","Sistema","Sistema Shyam Teleservices","Sistema JSFC","Andrey Terebenin"],"secinfo":{"seolocation":"telecomnews\/sistema-sets-up-50-mln-fund-to-invest-into-start-ups"}}" data-authors="[" kalyan parbat"]" data-category-name="" data-category_id="" data-date="2016-02-05" data-index="article_1">

Telecom乐动扑克News

Sistema mln设立50美元基金投资初创企业

“Sistema亚洲基金将开始一笔初始的5000万美元,这将显著增加在不久的将来,一旦我们的创业公司融资业务发展在印度,“Sistema JSFC集团首席财务官Vsevolod Rozanov告诉等。

Kalyan尔巴特,
等局

更新于2016年2月5日08:48点坚持

加尔各答:Sistema JSFC俄罗斯企业集团拥有超过100亿美元的年收入,跳上了印度的创业浪潮。提出一个专有的5000万美元(340卢比)的亚洲基金来支持印度公司操作在技术和市场消费零售领域。

“Sistema亚洲基金将从5000万美元的初始部分开始,在不久的将来将会显著增加一旦我们的创业公司融资业务发展在印度,“Sistema JSFC集团首席财务官Vsevolod Rozanov告诉等。他拒绝透露未来亚洲基金规模以保密为由。

Rozanov表示,新加坡的注册基金将由Insitel建议服务,印度独资单位Sistema JSFC。安德烈Terebenin,一个ex-Sistema JSFC执委会成员,搬迁到印度高级管理合伙人Insitel监督Sistema亚洲基金的咨询服务功能。

“Sistema JSFC可投资资源丰富,我们意识到创业资金可能是一个伟大的方式来利用我们的知识是如何在印度业务工作由于我们在电信业务的存在,也在Modi-led政府致力于激励创业生态系统,“Rozanov说。

Sistema的决定将目光投向印度创业融资场景正值Anil Ambani-led Reliance Communications接管旗下的印度移动电话合资企业,Sistema Shyam电信业务以MTS品牌运营。

在第一波,Sistema亚洲基金将提供早期融资创业公司已经有一个收入来源。“我们将,一般来说,科技创业基金和其他参与创新的以消费者为中心的企业与电子商务/在线零售模式,如家具租赁,食品外卖支付网关,“Terebenin说。

不久,他补充说,该基金将关闭两个早期融资交易与印度公司在其经营的首选域。

然而,两个Sistema JSFC高管拒绝证实这种融资交易的潜在票面份额,但一个人意识到物质挂钩“超过100万美元”。

Sistema亚洲基金还将支持印度在其优先领域创业,希望扩大到俄罗斯市场。

“Sistema JSFC愿意承担有限合伙人,谁会共同投资者Sistema亚洲的基金,“Rozanov说。但是一旦发生这种情况,Sistema亚洲基金将不再保持一个专有的,和需要一个单独的操作许可证从新加坡监管机构。

创业活动一直在滚过去几年在印度,并吸引大牌投资者的注意力从硅谷和推进几个年轻公司数十亿美元的估值。但是大多数印度的创业成功已经在世界各地的技术或使用技术作为一个关键的区别。

兰德Modi-led政府最近公布了启动行动计划,承诺没有前三年的利润征税,没有资本利得税资产出售给基金公司,新公司self-certification-based合规制度,没有检验三年和单点交互中心。首相最近还说,他的政府会有价值10000卢比的创业基金。

发布于2016年2月5日08:26点坚持

$\"\"$ Kolkata:Sistema JSFC<\/a>, a Russian conglomerate with over $10 billion of annual revenue, has jumped onto the Indian startup bandwagon. It has floated a proprietary $50-million (Rs 340 crore) Asia Fund to support Indian startups operating in the technology and niche consumer retail segments.
\n
“The Sistema<\/a> Asia Fund will start with an initial tranche of $50 million, which will be increased significantly in the near future once our startups financing business grows in India,” Sistema JSFC’s Group CFO Vsevolod Rozanov told ET. He declined to reveal the future size of the Asia Fund on confidentiality grounds.
\n
Rozanov said the Singapore-registered fund would be advised by Insitel Services, the wholly-owned Indian unit of Sistema JSFC. Andrey Terebenin<\/a>, an ex-Sistema JSFC executive board member, has relocated to India as senior managing partner of Insitel to oversee the advisory services function of Sistema Asia Fund.
\n
\n“Sistema JSFC has an abundance of investible resources, and we realised funding startups could be a great way to leverage our knowledge about how business works in India by virtue of our presence in the telecom business, and also at a time when the Modi-led government is committed to galvanising the startups ecosystem,” said Rozanov.
\n
Sistema’s decision to diversify into the Indian startup financing scene comes at a time when Anil Ambani-led Reliance Communications is taking over the Russian conglomerate’s Indian mobile telephony venture, Sistema Shyam Teleservices<\/a>, which operates under the MTS brand.
\n
\nIn the first wave, Sistema Asia Fund will provide early-stage financing to startups who already have a revenue stream. “We will, typically, fund tech startups and others involved in innovative consumer-centric businesses aligned with the e-commerce\/online retail model such as furniture leasing, food delivery to payment gateways,” said Terebenin.
\n
\nHe added that the fund will shortly close a couple of early-stage financing deals with Indian startups operating in its preferred domains.
\n
\nBoth Sistema JSFC executives, however, declined to confirm the potential ticket-size of such financing deals, but a person aware of the matter pegged it “upwards of $1 million each”.
\n
\nSistema Asia Fund will also support Indian startups in its preferred domains that are looking to expand into the Russian market.
\n
\n“Sistema JSFC is open to taking on board limited partners, who would be co-investors in the Sistema Asia Fund,” said Rozanov. But once that happens, the Sistema Asia Fund would no longer remain a proprietary one, and would require a separate operating licence from the Singapore regulatory authorities.
\n
\nStartup activity has been on a roll in the last couple of years in India, and has drawn the attention of big name investors from Silicon Valley and propelling valuations of several young companies in billions of dollars. But most of India’s startup successes have been around the world of technology or use technology as a key differentiator.
\n
\nThe Narendra Modi-led government recently unveiled the Startup Action Plan that promises no tax on profits for the first three years, no capital gains tax on assets sold to fund a startup, a self-certification-based compliance system for new firms, no inspection for three years and a single-point interaction hub. The prime minister also recently said his government would have a Rs 10,000-crore fund for startups.\n\n<\/body>","next_sibling":[{"msid":50860329,"title":"ICA seeks 5-year tax holiday for successor of Nokia\u2019s Chennai plant","entity_type":"ARTICLE","link":"\/news\/ica-seeks-5-year-tax-holiday-for-successor-of-nokias-chennai-plant\/50860329","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":50860460,"entity_type":"ARTICLE","title":"Sistema sets up $50 mln fund to invest into start-ups","synopsis":"\u201cThe Sistema Asia Fund will start with an initial tranche of $50 million, which will be increased significantly in the near future once our startups financing business grows in India,\u201d Sistema JSFC\u2019s Group CFO Vsevolod Rozanov told ET.","titleseo":"telecomnews\/sistema-sets-up-50-mln-fund-to-invest-into-start-ups","status":"ACTIVE","authors":[{"author_name":"Kalyan Parbat","author_link":"\/author\/4437\/kalyan-parbat","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/4437.cms?width=100&height=100&hid=268","author_additional":{"thumbsize":true,"msid":4437,"author_name":"Kalyan Parbat","author_seo_name":"kalyan-parbat","designation":"Assistant Telecom Editor at the Level of Senior Assistant Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-02-05 08:26:23","lastupd":"2016-02-05 08:48:48","breadcrumbTags":["industry","Sistema","Sistema Shyam Teleservices","Sistema JSFC","Andrey Terebenin"],"secinfo":{"seolocation":"telecomnews\/sistema-sets-up-50-mln-fund-to-invest-into-start-ups"}}" data-news_link="//www.iser-br.com/news/sistema-sets-up-50-mln-fund-to-invest-into-start-ups/50860460">

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Sistema mln设立50美元基金投资初创企业

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