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JSW Ventures receives SEBI approval to begin investing

| | Jun 24, 2016, at 12:39 am
Mumbai, Jun 23 (IBNS): JSW Ventures, the venture capital arm of the JSW Group, has received the mandatory clearances from markets regulator Securities and Exchange Board of India (SEBI), paving the way for it to begin investing.
JSW Ventures will focus on providing early-stage funding to technology-enabled start-ups operating in the education, healthcare, financial services, SaaS and enterprise software space. 
 
The fund will have an initial corpus of Rs. 100 crore which it will invest over a three-year period.
 
The fund will be overseen by Parth Jindal, recently appointed Managing Director of JSW Cement, while Gaurav Sachdeva has been appointed Managing Partner. 
 
Parth Jindal said, "Technology innovation is happening across sectors, from old-fashioned verticals like real estate to research-driven work being done in machine learning and artificial intelligence. We think that the opportunity to innovate across sectors and businesses is immense and want to be a part of this transition.”
 
“As an early-stage fund, we will not only provide capital but will remain strong partners of our investee companies as they grow, leveraging the JSW Group’s expertise and experience to help them blossom into world-class companies,” he added.
 
JSW Ventures Managing Partner Gaurav Sachdeva said, “Over the last one year, we have been actively working in the start-up ecosystem, evaluating companies building innovative products, services or technology. We will partner with passionate entrepreneurs driven by innovation and the need to build capital-efficient businesses.”
 
“We look at the team, product-market fit, scalability and technology innovation while assessing companies. Companies in e-commerce, education, healthcare, fintech, SaaS and enterprise software which provide differentiated products or service offerings are of interest to us. We typically like to lead investment rounds and work with founders helping them discover and solve business critical problems,” said he.
 

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