NEW DELHI: A wave of Indian family offices are lining up to invest<\/a> in domestic startups, highlighting the growing attractiveness of the new economy<\/a> ventures as a viable alternative to traditional asset classes such as equity and real estate. 新德里:一波又一波的印度家庭办公室正在排队投资在国内创业公司,突显出魅力的新增长经济企业作为一个可行的替代传统的股票和房地产等资产类别。
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\nIndia’s top business houses are seeking to diversify and increase their exposure to sectors such as technology and consumer internet that have delivered a number of billion-dollar companies in just a few years.
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Apart from investing in startups directly or through venture capital<\/a> firms, family offices are also taking exposure via venture debt. On Tuesday, Aarin Capital, a fund-of-funds started by Manipal Group scion Ranjan Pai and TV Mohandas Pai, along with Unicorn India Ventures, led a pre-Series A round of funding<\/a> in tech-focused news and events startup Inc42.
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Mohandas Pai, chairman of Manipal Global Education, is also setting up a Rs 100-crore family office fund that will undertake seed-stage investments<\/a> in tech-focused startups. In January, Unilazer Ventures, the multi-stage, private investment arm of media entrepreneur Ronnie Screwvala, led a Rs 15-crore funding<\/a> round in online insurance<\/a> policy aggregator Easpolicy.
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“People are embracing the change, and more so because traditional asset classes are not giving the returns of old,” said Sanjeev Krishan, transaction services and private equity<\/a> leader at PwC India. India’s Sensex and Nifty indices have both lost more than 8% this year, dragged by a global slump. “Some of the family offices will be investing a lot more because, one, they don’t want to miss out, and also because the (startup) ecosystem is maturing rapidly,” Krishnan said. “It’s an irreversible trend.”
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\n![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
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\nEquity aside, family offices are also backing venture debt, attracted by the shorter redemption periods unlike the 7-10-year lifecycles of venture capital<\/a> funds. In December, the family offices of the promoters of automaker Eicher Motors and electrical equipment company Havells India and the Patni family office onboarded as limited partners, or investors, in venture debt firm Trifecta Capital’s first fund.
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\n“There is a lot of wealth in India, but, correspondingly, limited investment opportunities,” said Nilesh Kothari, managing partner, Trifecta Capital. “Family offices here are looking for good investment managers, and have no hesitation in writing large cheques.”
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While family offices have existed in India for about three decades, it is only since the emergence of PremjiInvest, the personal investment arm of Wipro Chairman Azim Premji<\/a>, and Catamaran Ventures, the family office of Infosys founder NR Narayana Murthy, that these firms have begun to back Indian startups. “Family offices are now a lot more adventurous.
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\nThe landscape will change dramatically over the next decade,” said Gaurav Burman, who leads the Burman Family Office, the private investment arm of the promoters of consumer conglomerate Dabur India.
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\nThe Burman Family Office, which counts Easypolicy in its startup portfolio, has also backed StoreMore, a storage service for households and businesses. India’s ‘old-economy’ corporate houses are also taking a leaf out of their counterparts in China, which have earned outsized returns on their bets in companies that have emerged from the world’s second-largest economy. In April, the Wall Street Journal reported that Joseph Tsai, executive vice-chairman of Alibaba Group, was forming a multi-billion dollar family office.\n\n<\/p><\/body>","next_sibling":[{"msid":50924949,"title":"Reliance Jio, Airtel could offer own apps via intranets at lower cost or even free: Experts","entity_type":"ARTICLE","link":"\/news\/reliance-jio-airtel-could-offer-own-apps-via-intranets-at-lower-cost-or-even-free-experts\/50924949","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":50925185,"entity_type":"ARTICLE","title":"Top business houses in India looking to invest in startups","synopsis":"A wave of Indian family offices are lining up to invest in domestic startups, highlighting the growing attractiveness of the new economy ventures.","titleseo":"telecomnews\/top-business-houses-in-india-looking-to-invest-in-startups","status":"ACTIVE","authors":[{"author_name":"Biswarup Gooptu","author_link":"\/author\/479214340\/biswarup-gooptu","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479214340.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479214340,"author_name":"Biswarup Gooptu","author_seo_name":"biswarup-gooptu","designation":"Journalist","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-02-10 08:31:20","lastupd":"2016-02-10 08:32:01","breadcrumbTags":["Enterprise IT","Azim Premji","Funding","investments","economy","venture capital","private equity","insurance","invest"],"secinfo":{"seolocation":"telecomnews\/top-business-houses-in-india-looking-to-invest-in-startups"}}" data-authors="[" biswarup gooptu"]" data-category-name="" data-category_id="" data-date="2016-02-10" data-index="article_1">
印度最大的商行正在寻求多元化和增加他们接触等行业技术和消费者互联网发表了数十亿美元的公司数量在短短几年。
除了投资于初创公司直接或通过风险资本公司,家族理财室也将通过风险债务的敞口。周二,Aarin资本基金由印度麦利普莫汉达·派集团接穗Ranjan Pai和独角兽印度的合资企业,项目前期一轮资金在启动Inc42高科技为主的新闻乐动扑克和事件。
莫汉达斯·拜,印度麦利普全球教育的主席,也是建立一个价值100卢比的家庭办公室基金进行种子期投资在高科技为主的创业公司。今年1月,Unilazer企业、多级领导龙尼•思科鲁瓦拉私人投资部门的媒体企业家罗尼Screwvala Rs 15-crore资金在网上保险聚合器Easpolicy政策。
“人们拥抱变化,更因为传统资产类别不让老的回报,”说(Sanjeev、事务服务和私人股本普华永道印度领导人。印度Sensex和漂亮的指数今年双双跌逾8%,拖累全球经济衰退。“一些家族理财室将投资更多,因为,他们不想错过,也因为(启动)的生态系统正在迅速成熟,”克里希说。“这是一个不可逆转的趋势。”
除了股本,家族理财室也支持风险债务,更短的救赎所吸引的7-10-year生命周期不同时期风险资本基金。去年12月,家族理财室的汽车制造商可以忍受汽车和电气设备公司的发起人Havells印度和Patni家庭办公室上作为有限合伙人,或投资者,风险债务公司给首都的第一个基金。
“有很多财富在印度,但是,相应地,有限的投资机会,“Nilesh Kothari)表示,管理合伙人,三连胜式资本。“家族办公室这里是寻找好的投资经理,并毫不犹豫地写支票。”
而家族理财室存在在印度大约三十年,只是因为PremjiInvest的出现,Wipro董事长的个人投资部门阿普莱双体船公司,印孚瑟斯创始人的家族办公室NR行长Narayana没吃,这些公司已经开始支持印度的创业公司。“家族办公室现在更多的冒险。
景观在未来十年将发生戏剧性的变化,”Gaurav伯尔曼说,他领导的缅甸人的家庭办公室,消费者的私人投资的启动子集团Dabur印度。
缅甸人的家庭办公室,在其启动组合计数Easypolicy,也支持StoreMore,家庭和企业的存储服务。印度的“旧经济”企业房屋也效仿他们在中国的同行,获得高额回报他们的赌注的公司出现了世界第二大经济体。今年4月,《华尔街日报》报道,约瑟夫·蔡阿里巴巴集团的执行副主席,是形成一个数十亿美元的家庭办公室。
NEW DELHI: A wave of Indian family offices are lining up to invest<\/a> in domestic startups, highlighting the growing attractiveness of the new economy<\/a> ventures as a viable alternative to traditional asset classes such as equity and real estate.
\n
\nIndia’s top business houses are seeking to diversify and increase their exposure to sectors such as technology and consumer internet that have delivered a number of billion-dollar companies in just a few years.
\n
Apart from investing in startups directly or through venture capital<\/a> firms, family offices are also taking exposure via venture debt. On Tuesday, Aarin Capital, a fund-of-funds started by Manipal Group scion Ranjan Pai and TV Mohandas Pai, along with Unicorn India Ventures, led a pre-Series A round of funding<\/a> in tech-focused news and events startup Inc42.
\n
Mohandas Pai, chairman of Manipal Global Education, is also setting up a Rs 100-crore family office fund that will undertake seed-stage investments<\/a> in tech-focused startups. In January, Unilazer Ventures, the multi-stage, private investment arm of media entrepreneur Ronnie Screwvala, led a Rs 15-crore funding<\/a> round in online insurance<\/a> policy aggregator Easpolicy.
\n
“People are embracing the change, and more so because traditional asset classes are not giving the returns of old,” said Sanjeev Krishan, transaction services and private equity<\/a> leader at PwC India. India’s Sensex and Nifty indices have both lost more than 8% this year, dragged by a global slump. “Some of the family offices will be investing a lot more because, one, they don’t want to miss out, and also because the (startup) ecosystem is maturing rapidly,” Krishnan said. “It’s an irreversible trend.”
\n
\n
\n
\n
\n
\nEquity aside, family offices are also backing venture debt, attracted by the shorter redemption periods unlike the 7-10-year lifecycles of venture capital<\/a> funds. In December, the family offices of the promoters of automaker Eicher Motors and electrical equipment company Havells India and the Patni family office onboarded as limited partners, or investors, in venture debt firm Trifecta Capital’s first fund.
\n
\n“There is a lot of wealth in India, but, correspondingly, limited investment opportunities,” said Nilesh Kothari, managing partner, Trifecta Capital. “Family offices here are looking for good investment managers, and have no hesitation in writing large cheques.”
\n
While family offices have existed in India for about three decades, it is only since the emergence of PremjiInvest, the personal investment arm of Wipro Chairman Azim Premji<\/a>, and Catamaran Ventures, the family office of Infosys founder NR Narayana Murthy, that these firms have begun to back Indian startups. “Family offices are now a lot more adventurous.
\n
\nThe landscape will change dramatically over the next decade,” said Gaurav Burman, who leads the Burman Family Office, the private investment arm of the promoters of consumer conglomerate Dabur India.
\n
\nThe Burman Family Office, which counts Easypolicy in its startup portfolio, has also backed StoreMore, a storage service for households and businesses. India’s ‘old-economy’ corporate houses are also taking a leaf out of their counterparts in China, which have earned outsized returns on their bets in companies that have emerged from the world’s second-largest economy. In April, the Wall Street Journal reported that Joseph Tsai, executive vice-chairman of Alibaba Group, was forming a multi-billion dollar family office.\n\n<\/p><\/body>","next_sibling":[{"msid":50924949,"title":"Reliance Jio, Airtel could offer own apps via intranets at lower cost or even free: Experts","entity_type":"ARTICLE","link":"\/news\/reliance-jio-airtel-could-offer-own-apps-via-intranets-at-lower-cost-or-even-free-experts\/50924949","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":50925185,"entity_type":"ARTICLE","title":"Top business houses in India looking to invest in startups","synopsis":"A wave of Indian family offices are lining up to invest in domestic startups, highlighting the growing attractiveness of the new economy ventures.","titleseo":"telecomnews\/top-business-houses-in-india-looking-to-invest-in-startups","status":"ACTIVE","authors":[{"author_name":"Biswarup Gooptu","author_link":"\/author\/479214340\/biswarup-gooptu","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479214340.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":479214340,"author_name":"Biswarup Gooptu","author_seo_name":"biswarup-gooptu","designation":"Journalist","agency":false}}],"Alttitle":{"minfo":""},"artag":"ET Bureau","artdate":"2016-02-10 08:31:20","lastupd":"2016-02-10 08:32:01","breadcrumbTags":["Enterprise IT","Azim Premji","Funding","investments","economy","venture capital","private equity","insurance","invest"],"secinfo":{"seolocation":"telecomnews\/top-business-houses-in-india-looking-to-invest-in-startups"}}" data-news_link="//www.iser-br.com/news/top-business-houses-in-india-looking-to-invest-in-startups/50925185">
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