December 23, 2024 08:01 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Cylinder blast at a temple in Karnataka's Hubbali injures nine people | Kuwait PM personally sees off Modi at airport as Indian premier concludes two-day trip | Three pro-Khalistani terrorists, who attacked a police outpost in Gurdaspur, killed in an encounter | Who is Sriram Krishnan, an Indian-American picked by Donald Trump as US AI policy advisor? | Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait | Jaipur gas tanker crash: Toll touches 14, 30 critical | Arrest warrant against former cricketer Robin Uthappa over 'PF fraud' | PM Modi emplanes for a visit to Kuwait

JSW Ventures receives SEBI approval to begin investing

| | Jun 24, 2016, at 12:39 am
#JSW Ventures #SEBI #JSW investing
Mumbai, Jun 23 (IBNS): JSW Ventures, the venture capital arm of the JSW Group, has received the mandatory clearances from markets regulator Securities and Exchange Board of India (SEBI), paving the way for it to begin investing.
JSW Ventures will focus on providing early-stage funding to technology-enabled start-ups operating in the education, healthcare, financial services, SaaS and enterprise software space. 
 
The fund will have an initial corpus of Rs. 100 crore which it will invest over a three-year period.
 
The fund will be overseen by Parth Jindal, recently appointed Managing Director of JSW Cement, while Gaurav Sachdeva has been appointed Managing Partner. 
 
Parth Jindal said, "Technology innovation is happening across sectors, from old-fashioned verticals like real estate to research-driven work being done in machine learning and artificial intelligence. We think that the opportunity to innovate across sectors and businesses is immense and want to be a part of this transition.”
 
“As an early-stage fund, we will not only provide capital but will remain strong partners of our investee companies as they grow, leveraging the JSW Group’s expertise and experience to help them blossom into world-class companies,” he added.
 
JSW Ventures Managing Partner Gaurav Sachdeva said, “Over the last one year, we have been actively working in the start-up ecosystem, evaluating companies building innovative products, services or technology. We will partner with passionate entrepreneurs driven by innovation and the need to build capital-efficient businesses.”
 
“We look at the team, product-market fit, scalability and technology innovation while assessing companies. Companies in e-commerce, education, healthcare, fintech, SaaS and enterprise software which provide differentiated products or service offerings are of interest to us. We typically like to lead investment rounds and work with founders helping them discover and solve business critical problems,” said he.
 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.
Related Images
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador
Veedol signs former Indian skipper Sourav Ganguly as brand ambassador Jun 29, 2024, at 06:38 am
In Images: Glimpses from Bengali film Fatafati's premiere
In Images: Glimpses from Bengali film Fatafati's premiere May 13, 2023, at 08:39 pm
Gautam Adani meets Bangladesh PM Sheikh Hasina
Gautam Adani meets Bangladesh PM Sheikh Hasina Sep 06, 2022, at 06:46 am