What led to the inception of IvyCap in 2011?
In 2008-09, I was raising a $100 million fund focused on the healthcare and life sciences sector in India. At that time, amidst a market crash, I raised Rs 400 crore from 30-plus Indian institutions and individuals from which I was investing by 2009-10. As luck would have it, Piramal decided to sell their healthcare business to Abbott, which was one of the largest deals of the time. The idea of starting IvyCap Ventures got conceptualised when I met IITians while raising investment for Piramal.
Every time I met an IIT alumnus, irrespective of which IIT they were from, the connect was instant. Thereafter, I started thinking of having a platform with the IIT alumni to support the startup ecosystem. I discussed this idea with my IIT batchmates and current co-founders Ashish Wadhwani, Vishal Gauri and Anju Gupta. We decided that we would give back a substantial part of the profit to the alma maters of the investors. This gave me the opportunity to start with IvyCap Ventures in March 2011. In about 201315, IvyCap deployed its Fund-I in technology, consumer, B2B SaaS, healthcare. This philosophy which rooted IvyCap led to the foundation of India's first endowment fund at IIT Delhi. It took us about 8 years from the date of conceiving this idea to actually setting up the endowment fund in 2019, which was launched by the President of India at Rashtrapati Bhavan.
هذه القصة مأخوذة من طبعة 30 July 2022 من Businessworld India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة 30 July 2022 من Businessworld India.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
