Thomson Financial of the US, the worlds leading database
on capital markets, has come to India. In a major move,
Thomson has entered into an agreement with the Indian
venture capital association (IVCA) and Prime Database
to create an internationally benchmarked database of the
Indian venture capital industry.
has been tracking the venture capital industry across
the world since 1961. It is the sole database research
provider to the US national venture capital association,
Japans ministry of international trade and industry,
and scores of VC associations including those of Taiwan,
Hong Kong, Australia and Singapore.
products and services include VentureXpert, portfolio
analysis, venture economic returns analysis, private equity
performance database, and investment benchmark reports.
is the countrys umbrella association of venture capital
funds, with a mission to facilitate the growth of venture
capital and private equity activities, including lobbying
effectively with the government on key regulatory issues.
IVCA is now actively engaged in encouraging and assisting
in the creation of more VC funds and in fostering a sense
of industry cooperation through meetings, information
exchange and research.
Database has been tracking the Indian primary capital
market since 1989. It offers information services on IPOs,
rights issues, overseas issues, debt private placements,
mutual funds, IPOs, open-offers and buybacks. Its products
are used widely in India and abroad by investment bankers,
mutual funds, corporations, and government agencies.
despite the tremendous growth in this industry during
the past five years, there is little reliable or updated
data available. Even on the number of firms or the total
amount of VC investments made in India, there exists a
huge variance. For example,
there are four different figures available on total investments
by venture capital firms in India in the year 2000 - these
being IVCA at US $1.2 billion, Nasscom at US $950 million,
UNDP at US $342 million and Kanwal Rekhi of TIE at US
$700 million. Even the estimate of number of funds operating
in India is at a huge variance. While only about 25 VC
firms are registered with Sebi (IVCA has a membership
of about 30 firms), Prime has compiled through an extensive
research a list of nearly 100 VC firms investing in India.
to Prime Database managing director Prithvi Haldea, his
company has launched a comprehensive survey of the venture
capital industry in India. The survey would result in
a database that can be made available in a variety of
formats, including on Thomsons VentureXpert, which is
available both on the web and SDC Platinum. The key data
and analysis will also be made available in print in the
form of IVCA Yearbook-2001, according to IVCA president
strategic joint venture between Thomson, IVCA and Prime
database is set to make the private equity industry in
India a booming success by allowing international investors
to better structure their investment programmes with regard
to venture capital firms based in India. The survey will,
for the first time, validate venture fund industry data
in India and will provide a valuable tool to promote the
Indian venture industry.
the survey will help create relationships of Indian VC
firms with key international venture capital
associations, investors and the press. It will allow for
a better understanding of the VC investment trends in
India and most importantly develop industry performance
benchmarks for Indian fund managers and their constituencies.