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


First Published: Sunday, January 17, 2010, 13:24


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