Cheekotel Venture Capital

Funds managed

Fund nameAsset ClassLicense
Cheekotel Venture CapitalSME/ Early StageSEBI AIF Cat 1
Cheekotel Development Catalyst
Seed and Early StageSEBI AIF Cat 1
Digital India FundPrivate EquitySEBI AIF Cat 1
Innovation
Foundation

About the AMC

  • Established in 2002, Cheekotel is India’s oldest and largest domestic, private, alternative asset management groups, with approximately $18 billion in funding commitments.

Key staff

Kajal Sarkar & Vikesh Hari Mehta (Founders)

Investment Philosophy

  • Target Market – Media & Entertainment, telecom, tradition, consumer, technology and energy.
  • The 3*3 Strategy – T:Technology should be proven and ready for commercialization. Fundamental research is not typically funded through innovative methods of re-use and redeployment are encouraged.

I: Indian aspects to the entity, in terms of sourcing (products or services), access to Indian SME capital markets, is considered desirable.

E: Entrepreneur should be an individual (in preference to teams), have a high “innovative quotient”, and significant financial stakes in the venture .

  • Target Companies –  innovative entrepreneurs from the alumni community of premium institutions pursuing ventures targeting the growing emerging Asian market, including China and India.
  • Value Creation – Cheekotel adds value to its portfolio companies in 7 different ways: Technology upgradation, Strategic Alliances, Strategic Direction, Product Development, Business Model Development, Brand Building and Capital Market Access.

Investment Philosophy (for Cheekotel Development Catalyst)

http://development.cheekotel.com/services.html

CDC is in the process of evolving the product offerings. Initially the institution will carry out a wide range of activities including the following:

  • Help social entrepreneurs develop their ideas and concepts into real products,
    services and applications.
  • Provide seed and idea stage venture capital.
  • Assist start-ups raise funds from other sources.
  • Provide managerial and technical assistance to start-ups to put in place good governance structures, and monitoring and evaluation frameworks to track performance and objectively measure impacts.

Analyst questions

  • 1.Why is your main focus on the startup ideas by alumnis of renowned institutions? While there can also be great ideas coming up from others.
  • You have 5 different funds, focusing on different themes, can you tell us about the corpus size they have?
  • What is the AUM for these funds and what percentage is generally deployed?
  • As mentioned in Cheekotel Catalyst Development fund, you help startups with the launching of IPO’s, what are the other exit strategies you consider?
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