Mumbai : 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.”
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