Joshi, Kshitija A
(2016)
Ventura Capital Industry in India - Determinants of Successful exits from Funded Companies.
Consulting Ahead: The Journal of the Consultancy Development Centre, 10 (2).
pp. 61-73.
| Abstract: |
Venture Capital (VC) has emerged as one of the primary conduits of
funding emerging businesses in India over the past decade. Although, the
number of VC-funded start-ups have grown manifold, the exits by the VC
firms from these funded investee companies have lagged behind. This is a
worrying trend as failure to get timely and profitable exits is likely to
impact the commitment on the part of these VC firms to allocate
additional funds to India in the future.This in turn, can seriously impair
the growth prospects of high-tech start-up industry here which has been
majorly supported by VC so far.
This paper delves into the factors amenable to successful exits for the VC
firms investing in India. Our study, based on secondary data analysis of
72 prominent VC firms in India throws up several interesting findings.
We find that investment-stage and technology focus of the VC firm are
vital factors determining its exit success. Moreover, the ownership
pattern of the VC firm, its investing experience and most importantly its
proclivity to co-invest with other peer VC firms significantly impact the
exit performance. |
| Item Type: |
Journal Paper
|
| Additional Information: |
Copyright belongs to the publisher |
| Keywords: |
Venture Capital |
| Subjects: |
School of Social Sciences > Economics
Programmes > RBI Programme on Interdisciplinary Approaches to Economic Issues Programme |
| Divisions: |
Schools > Social Sciences |
| Date Deposited: |
31 Aug 2017 04:54 |
| Last Modified: |
31 Aug 2017 04:54 |
| Official URL: |
https://www.cdc.org.in/Show-Page.aspx?PageID=181 |
| Related URLs: |
|
| Funders: |
UNSPECIFIED |
| Projects: |
UNSPECIFIED |
| DOI: |
|
| URI: |
http://eprints.nias.res.in/id/eprint/1333 |
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