The amount of diligence varies according to a variety of variables, including the stage of the company, the industry, the competitive landscape etc. The India team will initially take a close look at the company and upon initial diligence, will involve 2-3 key partners in the US office to provide feedback and support. Assuming it passes that hurdle, the company would be either asked to present to 2-3 additional partners or the entire partnership. A term sheet is typically issued following partnership approval of the investment pending additional diligence to be done. Entrepreneurs should expect the entire process to take roughly 2-3 months. In some cases it can be shorter and in others longer.
Do you see investment cycles/horizons in India being longer than those in the a) US and b) China?
I expect the cycles to be roughly the same as other parts of the world, including US.
Where do you see India’s relevance and size of portfolio in three years, in the context of the firm’s global portfolio?
In three we expect to have made 12-15 investments out of the current fund, which will represent roughly 10-15% of the overall fund and a slightly larger percentage of the overall deals done in Fund IX.
Tags - Find More Articles On: