“We are quite bullish on the Indian venture space and remain committed as we are a long term player. Our ability to spot high potential startups as demonstrated in other emerging regions gives us the confidence to deploy a significant part of our global fund in India,” said Nazar Yasin, Managing Partner, Rise Capital.
San Francisco-based Rise Capital with respect to Monday has reported its entry into the Indian startup ecosystem, with the appointment of Anuj Mehta as its India investment head to build its action gradually as it begins conveying capital. Rise Capital, which is known for putting resources into arising economies like Latin America, Mediterranean and Northern Africa, South East Asia, and Africa, will put resources into India through its worldwide asset III. The organization has proactively put resources into two Indian startups, TradeX and SaveIn, both in the fintech space.
Even though India has already become the third largest startup ecosystem globally, Rise Capital in a statement believes that India’s growth story is still in its early innings and has the potential to experience significant further growth in the coming years. The VC fund said that tech startups in India will create well over $1 trillion in market capitalisation by 2030.
“We will continue to focus on a digital disruption thesis, which we believe is still quite early across most sectors in India,” Yasin added.
As Rise Capital continues to build its operations in India, it will be looking to invest in early stage startups and will back the potential winners in the follow on rounds, the company said.
“We bring unique value to our portfolio companies because all of our partners are former operators who have helped build $1 billion+ tech companies across emerging economies,” he added, saying the fund is confident of replicating its success from other emerging markets in India as well.
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week