Anil Ambani`s VC firm aims to seal 3-6 deals in six months.

Last Updated: Sunday, January 17, 2010 - 13:24

Mumbai: Anil Ambani Group`s venture capital arm Reliance Technology Ventures aims to seal 3-6 deals by June, a top company official said.

"On an average, we have invested in around 3-4 companies every year in the past three years. This year we scent an immense potential and are hopeful of sealing 3-6 deals in the next six months," RTVL CEO Harshal J Shah told here.
Besides the traditional technology and tech-enabled companies, Reliance Technology Ventures (RTVL) would focus on clean tech and energy, defence and aerospace, financial services and media-related companies. Since its inception in 2006 the company invested mainly in technology and tech-enabled companies.

"While 2009 was a rough year for entrepreneurs, 2010 should be a good one. Both investors and entrepreneurs are more realistic now and we should be able to get fair valuations," Shah said.
"Fortunately for us, our portfolio companies` valuations not only went up but we also took a significant market share away from competitors and as a result the economic downturn has been a boon for us," he said.

PTI




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