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VenturEast Proactive Fund II

The VenturEast Proactive Fund II is an India only focused venture capital /early-stage fund. It seeks to invest in early stage, technology focused companies primarily targeting local consumption. It has a first close in August 2016.

VenturEast Proactive Fund II

The VenturEast Proactive Fund II is an India only focused venture capital /early-stage fund. It seeks to invest in early stage, technology focused companies primarily targeting local consumption. It has a first close in August 2016.

About the fund

Target companies will demonstrate high enabling technology that addresses current challenges for Indian consumers in the rural and semi urban markets.

  • Financial technology (“Fintech”): Technology based solutions that provide or facilitate access to financial services primarily to India’s large unbanked population. Opportunities include online credit platforms, non-cash payment technologies and government driven transaction initiatives, amongst others.
  • Enterprise Applications: India has a large number of SMEs and micro-enterprises that do not have integrated modern IT in their value chains. By applying smart enterprise applications, these companies could improve the efficiency of their supply chain.
  • Mobile Internet: Over 70% of Indians who access the internet do so via their mobile phone. This offers vast opportunities for mobile OS based applications catering to the needs of rural and semi urban Indian consumers and businesses.
  • Consumer Internet: Digital commerce brings economies of scale and quality to both, urban and rural consumers and is expected to grow substantially in the coming years.

The Fund will be managed by VenturEast Partners, a seasoned PE group that has raised 5 other PE funds in the technology, life sciences and micro equity space since 1997.

Learn more about Indus OS, one of the investees on bbc.com
170120 The Economist Times, Mumbai, Power of Ideas

Investments by the fund

             
Date Name Country Industry Status
2016 Company 1 India Healthcare services Active
2019 Company 2 India Insurance Active
2018 Company 3 India Personal and household goods Active
2021 Company 4 India Software and computer services Active
2017 Company 5 India Software and computer services Active
2016 Company 6 India Other consumer services Active
2022 Company 7 India Personal and household goods Active
2020 Company 8 India Machinery and equipment Active
2017 Company 9 India Education Active
2018 Company 10 India Software and computer services Active
2022 Company 11 India Recycling Active
2018 Company 12 India Personal and household goods Active
2018 Company 13 India Software and computer services Active
2017 Company 14 India Other financial services Active
2021 Company 15 India Other consumer services Active
2021 Company 16 India Software and computer services Active
2016 Company 17 India Software and computer services Active
Reference code
2016-03
Status
Active
Date of commmitment
August 2016
Date of exit
-
SIFEM commitment
USD
10,000,000
Asset class
Private Equity
Investment strategy
Investment through Fund
Fund manager
VentureEast Partners