You are here: Home » Companies » News
Business Standard

VC firm Bertelsmann India to invest in up to four startups in next 12 mths

Average ticket size of these investments is expected to be $10 mn

Bertelsmann India | venture capitalists | Startups

Samreen Ahmad  |  Bengaluru 

startups, unicorn, funding, fintech, MSME, listing, companies
The strategic investment arm of the German multinational conglomerate, Bertelsmann, focuses on Series B and Series C stage investments.

Eyeing a return to pre-Covid investment levels, mid-stage venture capital firm Investments (BII) is targeting to make bets on two to four in the next 12 months with an average ticket size of $10 million.

“We will also do another 3-5 follow-on investments in our current portfolio next year,” said Pankaj Makkar, managing director, BII. While the VC fund did not make any new investments this year, it made 7-8 follow-on investments in its current pool of portfolio such as Shiprocket, Licious, and Lendingkart.

The strategic investment arm of the German multinational conglomerate, Bertelsmann, focuses on Series B and Series C stage investments.

ALSO READ: Eveready Q2 net rises 216% to Rs 58.02 cr on higher demand, lower costs

“Of 11 of our portfolio in India, about 6-7 could become Unicorns in a couple of years. We are waiting for some of these success stories to emerge after which would start exiting some of them in the next 3-5 years,” said Makkar. BII had earlier exited music streaming service Saavn and short video platform Roposo.

One of its portfolio Eruditus, which has been backed by the Chan Zuckerberg fund, has a current valuation of $800 million and could join the Unicorn club by next year. “should become a Unicorn in the next 18 months as well,” said Makkar.

Unlike early-stage VCs which invest in several companies, BII has reserved its bets for a few “The risk of companies changes dramatically from series A to B and the way we evaluate them is different from how early-stage funds do,” Makkar said.

The company has also added a new filter while making investment decisions from now on. It will see if Covid-19 has affected a sector in a negative or positive way and take that into account before taking the final call. According to Makkar, edtech and healthtech will continue to grow in the next year too.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Fri, November 13 2020. 19:15 IST