ICICI Venture’s Puneet Nanda on its investment strategy

ICICI Venture aims to be a leading private equity firm in startups, fintech and real estate. Business Standard’s Surajeet Das Gupta takes a look at Managing Director Puneet Nanda’s strategy

Topics
Private equity | PE/VC investments | ICICI Ventures

Q: ICICI started out as a fund that was interested in startups at first and then, of course, moved on to a bigger equity game.

So how does it play out? How did it work for you and when are you launching it? Responnse : >ICICI Venture invests in research to assess market opportunities, type of businesses and ideas, regulatory compliances >To enter the market by mid-2022 > Start from scratch and undertake in-depth research >Manage funds from external investors in a fiduciary capacity >Provisional investment target of $250-300 million Q: What about the real estate fund you are considering and considering? Responnse: >At the final stage of receiving regulatory approvals >Identify the right type of assets with physical due diligence >To enter the real estate space in 2022 Q: There’s a lot of movement among private equity funds, especially when they say that for startups and different other models, what’s needed is patient capital. It’s no longer a 5 to 8 year horizon but you should have a 10 to 20 year horizon. So how do you view this whole area and how are you going to look at your funds since they also typically have a 5-8 year horizon. Responnse : > The investment horizon depends on the nature of the business and when an investor comes in >The releases also depend on the evolution of the market Q: You will raise funds for different types like real estate, startups, etc. How many of these funds have the vibe in India? Do you see a change in trend or the same where you are still dependent on foreign money coming into private equity funds? Responnse : >The domestic capital pool is evolving in terms of size and maturity >Some domestic investors willing to take calls on multiple asset classes >The emerging class of investors are insurance companies, pension funds, EPFOs >Wealthy Indians also evolved

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First published: Wednesday, December 15, 2021. 08:30 IST

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