Note: The views & opinions expressed in these essays are strictly my own, and not those of any entity I may be associated with as an employee, consultant, promoter, investor, etc.ARCHIVES
Technology Entrepreneurship in India - Teams
Technology Entrepreneurship in India - Generating Revenue
Technology Entrepreneurship in India - Raising Capital
Equities, ETFs, F&O
Oct 2011: Equity Risk Premium for India
Jun 2011: Investing in Indian equities
Technology Enterprises in India
Nov 2010: Technology investment in India - WATER
Aug 2010: Technology enterprises in India - 3 avatars
Risk Capital for MSMEs
Mar 2010: Risk mitigation for investors in MSMEs
Mar 2010: Why don't (Indian) MSMEs get risk capital?
Feb 2010: Angel investing - Will it work for Indian MSMEs?
Feb 2010: What's so special about innovative MSMEs?
Feb 2010: Where do Indian/NRI (V)HNIs invest?
Feb 2010: Funding options for innovative MSMEs in India
Jan 2010: Innovative MSMEs in India
Technology Venture Investors in Pune
(Last revised May-2013, Send comments to email@example.com)
This essay was triggered by 2 things:
As a hotbed of tech startups, Pune rarely ranks better than #4 in India - Bangalore, Delhi & Mumbai being the top 3. Hyderabad, Chennai, Ahmedabad, etc. occasionally beat Pune - depending on who's doing the ranking and in what context.
The same seems to apply when it comes to the presence of VCs. It is no secret that Pune has no major home-grown VC firm, nor has attracted attention from any marquee Indian/foreign VCs in terms of a full team, offices, etc.
"So far, we have funded entrepreneurs in Bangalore and the National Capital Region (NCR), that is, around Delhi. We see many companies here (Pune) developing enterprise software products for the globe. Our prime interest is to see if we can have the next Oracle or SAP from a city like Pune because we want a made-in-India product for the globe," said Aggarwal.
Of course, the VCs who have invested in the companies that PuneTech mentions have to swing by Pune for board meetings, follow-on rounds, etc. Also, there is increasing activity in terms of events, workshops, conferences, etc. featuring most Indian VCs.
Yet, despite being a) home to several hundred tech startups and b) a major hub of innovation, Pune isn't host to the office or headquarters of any large VC firm.
Having spent many years in Austin (Texas), I've always wondered about local VCs like Austin Ventures who have built strong track records and have superb deal flow, being the #1 game in town. Will we see the emergence of a 'Pune Ventures' anytime soon?
While we wait for someone to grab that opportunity, below is a list of professional Pune-based venture investors: seed funds, angel networks, VCs/PEs, etc.
Navin Kabra (@ngkabra) was kind enough to review the above list and share examples of Pune-based angel investors and their investments. I've listed them in the table below:
Note that I've chosen to list only those Pune-based startups that got funded by Pune-based investors - to give an idea of how active the local funding ecosystem is. It is interesting that most of the above VCs & all of the angels have more investments outside Pune than in Pune.
PS: The tables above are work-in-progress. Do review, comment, suggest edits/additions. Thanks.