Its fund announcement season and this time its not the regular VC firms which are announcing funds for investment in startups It two very large Indian homegrown companies in the IT and Telecom space that have ventured into becoming a venture capitalist for IT and Telecom companies.

 

Though the HCL news about a billion dollar fund is still unconfirmed it and its said to be in the planning stages it is still big news for the IT sector. HCL plans to raise this fund through an IPO which is now possible as the SEBI cleared Future Ventures India (of Future Group) as the first firm to raise money via an IPO and invest it in related firms.

HCL has two divisions in HCL Infosystems (which is into laptops and other hardware) and HCL Infotech (which is software consultancy firm) so it can be expected that their focus would be both on IT hardware and software.

Bharti on the other hand has already announced a Innovation fund with the corpus of 200 crore for telecom sector. Bharti Airtel Joint MD and CEO Manoj Kohli said that ‘The objective of the fund is to provide opportunities to the entrepreneurs to undertake innovation in the field of telecom with regard to content, software and technologies.’

This means Vas players could have a telecom operator funding them now instead of taking a lions share in revenues! Check the IAMAI MVAS Report to see how operators benefit the most from VAS revenues in terms of revenue share.

 

This is great news for the telecom space and also for VAS players who were anyways seeing increased interest from venture capital players with the telecom and mvas market booming.

 

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