Funds managed
Fund name | Asset Class | License |
Cheekotel Venture Capital | SME/ Early Stage | SEBI AIF Cat 1 |
Cheekotel Development Catalyst | Seed and Early Stage | SEBI AIF Cat 1 |
Digital India Fund | Private Equity | SEBI 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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