JSW Ventures gets Sebi nod; focus on tech-enabled start-ups in India

By: |
Bangalore | Updated: June 24, 2016 7:16:14 AM

JSW Ventures, the venture capital arm of the JSW Group, has received clearance from Securities and Exchange Board of India (SEBI) to commence its investment operations.

The firm, which has an initial corpus of Rs 100 crore, will focus on providing early stage funding to technology-enabled start-ups operating in the education, healthcare, financial services, SaaS and enterprise software space. (Source:Twitter)The firm, which has an initial corpus of Rs 100 crore, will focus on providing early stage funding to technology-enabled start-ups operating in the education, healthcare, financial services, SaaS and enterprise software space. (Source:Twitter)

JSW Ventures, the venture capital arm of the JSW Group, has received clearance from Securities and Exchange Board of India (SEBI) to commence its investment operations. The firm, which has an initial corpus of Rs 100 crore, 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 be managed by Parth Jindal, Managing Director of JSW Cement, while Gaurav Sachdeva has been appointed Managing Partner.

“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,” Jindal said in a statement.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Mineral production up by 1.4% in April
2Wall Street opens higher as Britain votes on EU membership
3Vodafone plans to file for India IPO in August, listing seen in Q4: Sources