Top News

2008 looks like a good year: Sandeep Murthy

US-based VC firm Kleiner Perkins Caufield and Byers, which invests in India jointly with Ram Shriram’s Sherpalo Ventures, appears to be more active this year compared with the last. KPCB, which invested in just two companies in 2007, has already funded three companies in just four months of 2008. In an interview with LiveMint, Sandeep Murthy of KPCB has said, 2008 is looking like a good year (for investing in Indian companies).

US-based VC firm Kleiner Perkins Caufield and Byers, which invests in India jointly with Ram Shriram’s Sherpalo Ventures, appears to be more active this year compared with the last. KPCB, which invested in just two companies in 2007, has already funded three companies in just four months of 2008. In an interview with LiveMint, Sandeep Murthy of KPCB has said, 2008 is looking like a good year (for investing in Indian companies).

“In 2007, there were more VCs in the market and it was very clear to entrepreneurs that there is money here. Investing became harder because there were so many (start-ups) to filter out and find the really good ones. We don’t have a pile of money we have to invest, so there was no pressure. We made several investments in 2006, maybe as a function of the fact that there were fewer funds and fewer entrepreneurs. Only those really serious about starting a business got into it. But 2008 has started faster again and it’s more like 2006 for us. It is looking like a good year,” Sandeep Murthy, who represents KPCB and Sherpalo Ventures in India, has told LiveMint.

KPCB made its first investment in 2005 in Cleartrip Travel Services. In 2006, the VC firm invested in five companies — Info Edge India (Naukri.com), PayMate (m-commerce), Prana Studios (animation), CE Info Systems (MapmyIndia.com), and a second round funding for Cleartrip.

In 2007, KPCB funded only two ventures — FutureBazaar.com, an e-commerce portal owned by Future Group, and an education portal StudyPlaces. This year (2008), KPCB and Sherpalo have made three investments in the first four months — ZoomIn Online (photo sharing and printing), mKhoj Solutions (mobile advertising), and a co-investment with lead investors Draper Fisher Jurvetson and Mahindra Group in a third round funding for Cleartrip.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close