Inventus Capital, the venture capital fund backed by Silicon Valley-based entrepreneur Kanwal Rekhi is finally off the ground. The fund has a $125 million corpus and was formally launched in Bangalore two days ago.
The firm intends to invest in 15-20 early-growth companies and will invest not less than $1 million and not more than $10 million per company, says the press release.
Rekhi, also a founding member of TiE, said in an interview with Mint that his fund’s US India cross border investment strategy would only begin to play out in 2008 because the timing was right. He is looking at embedded software, mobile services, and knowledge process outsourcing among others.
On another note, interesting to see Rekhi’s TiE buddies Saurabh Srivastava, Sridhar Mitta and BV Jagadeesh pop up on Inventus’ advisory team.