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Journalism of Courage
NEW DELHI, FEBRUARY 7: Telcom Ventures, an US-based company with an investment portfolio of 2.5 billion, plans to invest between 25-50 million in internet-start ups in India offering education and connectivity solutions.
The US company, formed on the lines of a venture capital fund, has already 8221;shortlisted opportunities in education and technology ideas related to internet connectivity and access8221;.
Prakash said investments might be made in 4-6 start-ups in these sectors in the near future. In return the company will seek equity participation, which would be held till the company reaches critical mass and offload either through private placement or IPO.
The company is particularly interested in start-ups providinginternet-based education, fixed wireless in connectivity technology and the last-mile internet access solutions.
Besides, telcom ventures is also in parleys with major Indianbusiness chambers for its yet-to-be formed business-to-business portal, chamberbiz.Com. It has initiated this global project in association with us chambers of commerce and industry which has presence in 88 countries including India.
8221;We are seeking for an Indian business chamber which will givebrand name, trusted third party and market access8221;, Mr Prakash said.
In the initial phases, the portal will start business in Northamerica and european Union which have emerged as solid regional economic blocks under nafta and european Union respectively. 8221;we will start the asian operations thereafter as it needs to be taken on a country-to-country basis8221;.
