On all fronts: a new investment fund of Sistema JSFC will be launched in India with a lifting of $ 50 million
The Russian Financial and Industrial Corporation AFK Sistema launched a $ 50 million fund. Sistema Asia Fund will operate in India. The fund is interested in Indian start-ups in the e-commerce and start-ups that provide services (for example, furniture leasing or food delivery) through online services. The fund will also invest in projects that have a future development in the Russian market.
In the future, the founders of the fund can increase its volume if the business of Indian start-ups shows good financial results.
The fund is registered in Singapore with the expert support of Insitel Services, a subsidiary of Sistema in India. The fund will be supervised by a former board member of Sistema Andrei Terebenin.
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He told The Economic Times publication that the first deals will be investments in several startups at an early stage. The source of the publication claims that the estimated amount of investment in each company will be $ 1 million.
Sistema announced plans to open a venture capital fund in India in June 2015 at the SPIEF-2015 round table, Firrma reminds . The company also invited other Russian companies to cooperate in this area. Andrei Terebenin said at the time that AFK plans to earn 25% IRR ( GNI is the internal rate of return).
In October 2015, Megamind wrote that AFK Sistema was working on launching a venture fund, which should be mainly engaged in investments in the Internet industry. The main field of interest of the fund are technologies for studying consumers and forming an audience, financial and near-financial services, new media and modern technologies in the field of advertising.
In the meantime, Sistema's portfolio includes mainly Russian companies from such sectors of the economy as energy, the consumer sector, high technology and others. AFK Sistema is the controlling shareholder in most of its investments. The company's annual turnover is $ 10 billion.
On March 10, Vedomosti newspaper reported that AFK Sistema plans to sell non-core assets in the amount of 35–40 billion rubles this year.
In the future, the founders of the fund can increase its volume if the business of Indian start-ups shows good financial results.
The fund is registered in Singapore with the expert support of Insitel Services, a subsidiary of Sistema in India. The fund will be supervised by a former board member of Sistema Andrei Terebenin.
')
He told The Economic Times publication that the first deals will be investments in several startups at an early stage. The source of the publication claims that the estimated amount of investment in each company will be $ 1 million.
Sistema announced plans to open a venture capital fund in India in June 2015 at the SPIEF-2015 round table, Firrma reminds . The company also invited other Russian companies to cooperate in this area. Andrei Terebenin said at the time that AFK plans to earn 25% IRR ( GNI is the internal rate of return).
In October 2015, Megamind wrote that AFK Sistema was working on launching a venture fund, which should be mainly engaged in investments in the Internet industry. The main field of interest of the fund are technologies for studying consumers and forming an audience, financial and near-financial services, new media and modern technologies in the field of advertising.
In the meantime, Sistema's portfolio includes mainly Russian companies from such sectors of the economy as energy, the consumer sector, high technology and others. AFK Sistema is the controlling shareholder in most of its investments. The company's annual turnover is $ 10 billion.
On March 10, Vedomosti newspaper reported that AFK Sistema plans to sell non-core assets in the amount of 35–40 billion rubles this year.
Source: https://habr.com/ru/post/299466/
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