Professional Documents
Culture Documents
Contents
1
Execu3ve
Summary
2
Venture
Capital
Firms
Major
VC
Players
in
India
Approach
Guidance
3
Valua3on
101
Methodologies
4 Our Services
5
Comprehensive
VC
List
A L P S V E N T U RE P A R T N E R S
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Executive Summary
We
are
pleased
to
present
our
rst
edi3on
of
Venture
Funding
Guide
for
Startups
India
Region.
This
is
a
token
of
our
constant
endeavor
to
help
small
and
medium
scale
rms
reach
their
true
poten3al
by
exploring
ways
of
mentorship,
expansion
and
funding.
Since
the
beginning
of
decade,
India
has
made
huge
progress
and
catapult
its
status
to
be
one
of
the
best
emerging
investment
regions
in
the
world.
As
per
Interna3onal
Business
Times,
Indias
3,100
startups
today
make
the
country
the
third-largest
base
of
startups
in
the
world
by
number
of
startups,
behind
America
and
Britain.
India
is
also
the
fastest-growing
startup
des3na3on,
adding
about
650
startups
in
2013
and
more
than
800
this
year,
according
to
Nasscom.
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Portfolio Companies
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Accel Partners
Founded in 1983, Accel Partners has global presence in Palo Alto, London, New
York, China, and India. They typically make multi-stage investments in internet
technology companies. The firm considers investments between $0.5 million and
$50 million in its portfolio companies. It seeks to take a minority stake in the
portfolio companies.
Industries: Infrastructure, Internet & Consumer Services,
Mobile and Software & Cloud-Enabled Services
Portfolio Companies
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A L P S V E N T U RE P A R T N E R S
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Portfolio Companies
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Portfolio Companies
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Portfolio Companies
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IDG Ventures
IDG Ventures India is a venture capital firm specializing
in startup, early stage and growth stage and expansion
stage companies. It primarily invests in companies based
India but also invests in companies outside India thatinwant to leverage India as an offshore resource base and/or
want to drive significant sales revenue from the Indian market. The firm typically invests between $0.5 million
and $10 million. IDG Ventures India was founded in 2006 and is based in Bangalore and Delhi.
Industries: Digital Consumer Internet, Mobile, Media and
Technology Enabled Consumer Services; Enterprise Software
SaaS, Software Products and Enterprise services; Engineering
Medical Devices, Clean-tech and IP-led Businesses
Portfolio Companies
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Canaan Partners
Canaan Partners is a venture capital firm specializing in all stages of
development, seed financings, start-ups, growth and early stage
investments, typically Series A and B financings.
It seeks to invest globally with a focus on Asia including India, Israel, and United States. The firm typically
invests between $0.05 million to $80 million in its portfolio company. It prefers to exit its investments within
seven to 10 years.
Industries: Technology- Advertising & Marketing, Big Data/
Cloud, Consumer, Enterprise/SaaS, FinTech, Hardware;
Healthcare Biopharma, digital Health & MedTech.
Portfolio Companies
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SAIF Partners
SAIF Partners is a private equity and venture capital firm specializing in
incubation, seed, early-stage, late stage, and growth capital investments.
The firm invests organically and through acquisitions.
The firm typically invests between $10 million and $100 million, in one or more rounds of financing, with
investments between $200,000 to $500,000 in early stage companies, and between $30 million and $35 million
in more mature unlisted ventures. For public market transactions, investments start at about $10 million. It
seeks to obtain a significant minority equity ownership position in the range of 10 percent to 40 percent of a
portfolio company along with a seat on the board of directors.
Industries: IT, ITes, Industrials, Financial Services,
Internet, Consumer Product, Mobile
Portfolio Companies
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Approach Guidance
Before contacting the VCs, you have to articulate your idea into a Investor Pitch or Business Plan
and assess the value of your firm through a Valuation. The three important prerequisites are:
VALUATION
INVESTOR PITCH
Assessment
of
Pre-Funding
Valua3on
of
company
based
on
future
expansion,
current
scenario,
industry
etc.
Prepara3on
of
Business
Plan,
Promo3on
Material,
Iden3ca3on
of
VCs,
contact
mail
etc.
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INCOME
APPROACH
MARKET
APPROACH
MARKET
APPROACH
COST
APPROACH
COST APPROACH
Approach
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The income approach recognizes that the value of an investment is premised on the receipt of future economic
benefits. These benefits can include earnings, cost savings, tax deductions and the proceeds from disposition.
Discounted Cash Flow Method (DCF Method) is a form of the income approach that is commonly used to
value businesses or equity interests.
M Market Approach
The market approach assumes that companies operating in the same industry will share similar characteristics
and the company values will correlate to those characteristics. Therefore, a comparison of the subject company
to similar companies whose financial information is publicly available may provide a reasonable basis to
estimate the subject companys value.
C
Cost Approach
The cost approach considers reproduction or replacement cost as an indicator of value. The cost approach is
based on the assumption that a prudent investor would pay no more for an entity than the amount for which he
could replace or re-create it or an asset with similar utility.
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Enterprise Stages
Stage
Description
No Product Revenue and limited expense history with, an incomplete management team with an idea, a plan, and
possibly some initial product development. Typically, seed capital, or first-round financing, is provided during this stage
by friends and family, angels, or early stage venture capital firms.
II
No Product Revenue but substantive expense history because of product development and business challenges. Series A
or Series B funding happens with early stage venture capital firms, which may provide management or BOD expertise.
III
Significant progress in product development; key development milestones have been met (for example, hiring of a
management team); and development is near completion (for example, alpha and beta testing), but generally, there is no
product revenue. Typically, later rounds of financing from venture capital firms and strategic business partners.
IV
Additional key development milestones are met (for example, first customer orders or first revenue shipments) and has
some product revenue, but it is still operating at a loss. Typically, mezzanine financing rounds occur during this stage.
Also, it is frequently in this stage that discussions would start with investment banks for an initial public offering (IPO).
Enterprise has product revenue and has recently achieved breakthrough measures of financial success, such as operating
profitability or break-even or positive cash flows. A liquidity event of some sort, such as an funding, IPO or a sale of the
enterprise, could occur in this stage.
VI
Enterprise has an established financial history of profitable operations or generation of positive cash flows. Some
enterprises may remain private for a substantial period in this stage. An IPO could also occur during this stage.
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Founded by former Big Four audit valuation experts with in-depth industry
knowledge in Information Technology, e-Commerce, Electronic Equipment
and Instruments, Advertising, Internet Software & Services,
Banking & Insurance, and Healthcare & Life Science, etc.
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ESOP Valuation
Internal Valuation
We offer independent advice to
boards of directors to help them
determine the right price to pay or
accept for a business.
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Portfolio Valuation
A L P S V E N T U RE P A R T N E R S
Impairment Testing
We assist clients in reviewing
annual goodwill impairment by
valuing each reporting unit and
applying the two step process
involving evaluation of indication of
impairment and quantification of the
amount of impairment, if any.
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Financial Modeling
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ALPS Advantage
Alps Venture Partners has established a team of experts that have experience in valuing businesses across
diverse industry sectors and all developmental stages, ranging from clients with seed funding to pre-IPO stage.
With the team having experience of both valuations and audits, our detailed and insightful valuation appraisal
reports, along with our responsive support, help our clients easily pass through any stringent audit review
process in a smooth, efficient and time-bound manner.
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Aarohan Ventures
Abraaj Capital
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Angelico Ventures
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Middle Market
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Basil Partners
Middle Market
Emerging Growth
Battery Ventures
Middle Market
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Emerging Growth
BlueRun Ventures
Seed/Startup
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Seed/Startup
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Seed/Startup
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Early Venture
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Middle Market
Seed/Startup
Duke Industries
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Late Venture
Seed/Startup
Emerging Growth
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ePlanet Capital
Faering Capital
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Emerging Growth
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Early Venture
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Gennext Ventures
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GVFL Ltd
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Early Stage
ICICI Venture
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IFU
Seed/Startup; Incubation
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Middle Market
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Middle Market
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IndusAge Partners
Early Venture
Early Venture
Innosight Capital
Seed/Startup
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IvyCap Ventures
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Jina Ventures
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It invests in technology sector including mobile, ecommerce, education, healthcare, consumer internet
and so on. It prefers to invest in the US and
companies based out of India. It seeks to make
investments between $0.05 - $2.5 million. It typically
invests between $0.2 - $1 million in the first round.
Early Venture
Kalaari Capital
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Kin Advisors
Seed/Startup
Seed/Startup
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Early Venture
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L Capital Management
Seed/Startup; Incubation
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Seed/Startup
Early Venture
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Mayfield Fund
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MMP International
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Seed/Startup
Naya Ventures
Seed/Startup
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Middle Market
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Omnivore Partners
Early Venture
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Perseus, L.L.C.
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PremjiInvest
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QUALCOMM Ventures
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Seed/Startup; Incubation
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SEAF
Seedfund
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Early Venture
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SRI Capital
Seed/Startup; Incubation
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Subhkam Ventures
Emerging Growth
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Its activities primarily include investing in longterm investments in equity shares and other
securities of companies in a range of industries.
The company also distributes mutual funds and
other investment related securities. Tata
Investment Corporation was founded in 1937.
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Middle Market
TPG Growth
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Unilazer Ventures
Later Stage
Early Venture
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UTI Ventures
Utthishta
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Walden International
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Zephyr Management
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