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Japanese investors flocking to Indian shores to invest in early stage technology ventures
NEW DELHI: Netprice .com, one of Japan's largest investor firms and consumer internet-focused incubators, is scouting for opportunities in India, highlighting the increasing interest of Japanese investors in the country's early-stage technology ventures.
The announcement comes barely a month after the Japanese investor closed its second deal in India, when it jointly invested about $5.5 million (Rs 34.2 crore) in Mumbai-based mobile payments solutions provider CitrusPay - along with along with online payments company econtext Asia - through its wholly-owned , Singapore-based subsidiary Beenos Asia.
It has also invested Gurgaon-based e-commerce venture ShopClues.
"We are looking at investing in about two to three ventures in India in 2014, given the growing population of the country, along with increased internet penetration, which we feel are critical factors for the growth of e-commerce ventures," said Teruhide Sato, president and CEO of Netprice.
Over the past five years, a number of Japanese investors , such as telecom and internet conglomerate SoftBank and venture capital firm SBI Holdings, have set up shop in the country, and have made marquee investments in a number of early-stage ventures.
"The Indian internet market is very promising, and a lot of it is coming together now, which is playing a big role in a number of domestic ventures being seen as attractive assets for global investors," said Alok Mittal, managing partn ..
Read more at:
Japanese investors flocking to Indian shores to invest in early stage technology ventures - The Economic Times
NEW DELHI: Netprice .com, one of Japan's largest investor firms and consumer internet-focused incubators, is scouting for opportunities in India, highlighting the increasing interest of Japanese investors in the country's early-stage technology ventures.
The announcement comes barely a month after the Japanese investor closed its second deal in India, when it jointly invested about $5.5 million (Rs 34.2 crore) in Mumbai-based mobile payments solutions provider CitrusPay - along with along with online payments company econtext Asia - through its wholly-owned , Singapore-based subsidiary Beenos Asia.
It has also invested Gurgaon-based e-commerce venture ShopClues.
"We are looking at investing in about two to three ventures in India in 2014, given the growing population of the country, along with increased internet penetration, which we feel are critical factors for the growth of e-commerce ventures," said Teruhide Sato, president and CEO of Netprice.
Over the past five years, a number of Japanese investors , such as telecom and internet conglomerate SoftBank and venture capital firm SBI Holdings, have set up shop in the country, and have made marquee investments in a number of early-stage ventures.
"The Indian internet market is very promising, and a lot of it is coming together now, which is playing a big role in a number of domestic ventures being seen as attractive assets for global investors," said Alok Mittal, managing partn ..
Read more at:
Japanese investors flocking to Indian shores to invest in early stage technology ventures - The Economic Times
