California-based investor firm, The Hive, now begins its operations in India. Amit and Arihant Patni of Patni Computer Systems that was acquired by iGate in 2011 have launched “The Hive India”. The company plans to setup offices in Mumbai and Bangalore, and is focussed on investing in big data startups and companies, reports VCCircle. The Hive India is targeting ventures operating in multi-channel marketing, CRM, security, IT management, e-commerce, retail, media, advertising, financial services and insurance, telecommunication and healthcare industries. Companies that have a global value proposition will be the prime base for Hive, and it also plans to invest in ideation-stage companies. For early or ideation-stage companies, it plans to provide infrastructure as well as mentorship, till the product is scaled up and has gained some traction.
The Hive plans to invest in the range of $200,000 to $2 million in startups, and wants to fund up to three companies by the end of 2013. It is said to pick 20-40 percent stake in the startups in return for the investment. “Through our platform, we aim to help entrepreneurs create sustainable businesses that incorporate Big Data by providing them with initial capital, mentoring, technical and business guidance, and access to prospective follow on capital and strategic partners. We will invest in three-five companies per year and have already identified a few ventures. Our first investment will be announced very soon," said Arihant.
Calling big data startups in India!
The Hive plans to invest in the range of $200,000 to $2 million in startups, and wants to fund up to three companies by the end of 2013. It is said to pick 20-40 percent stake in the startups in return for the investment. “Through our platform, we aim to help entrepreneurs create sustainable businesses that incorporate Big Data by providing them with initial capital, mentoring, technical and business guidance, and access to prospective follow on capital and strategic partners. We will invest in three-five companies per year and have already identified a few ventures. Our first investment will be announced very soon," said Arihant.
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