Over Rs.30 crore could soon be invested into India’s startup ecosystem by Makoto Takano, the former MD of Pimco Japan, through Green House Ventures (GHV) Accelerator, a Gurgaon-based startup funding and incubation enterprise. Earlier this year, US-Japan joint venture capitalists, World Innovation Lab (WiL), also committed a similar investment through the same GHV Accelerator platform.
Green House Ventures Accelerator
GHV Accelerator was established in 2014 in Gurgaon by Vikram Upadhyaya with a view to organize and extract the most out of the Indian startup ecosystem. The establishment funds, mentors and incubates startups during the crucial stages between registration, incubation, and raising venture capital. GHV provides necessary resources as well as funding for projects anywhere between $100,000 and $300,000.
In July, 2016, GHV announced a Rs.350 crore funding portfolio which was to be used to invest in beginning-stage Indian startups focusing on fintech, health tech, adtech, and B2B marketplaces. This fund was made possible by the GHV, Takano, and WiL.
Vikram Upadhyaya has said that, “We are expecting to launch (the fund) this year by bringing Japanese Limited Partners. It (the fund) will invest anywhere between $2 million and $4 million per startup and we would be investing in 10-15 startups.”
Previously employed as the Managing Director of Pimco Japan, Makato Takano also has a wealth of experience in the fundraising and ecosystem-building fields as a result of senior roles held with Goldman Sachs and Daiwa Securities.
Takano has said that, “I visited India in 2016 in order to understand the Indian market better and the potential it has to offer. I believe, with the intellectual capital India has, along with the strong innovation empowerment ecosystem where GHV is playing a key role, India is poised to be one of the leading economies especially in the new innovation space.”
The new commitment to invest Rs.30 crore is independent and separate from all the other investments Makato Takano has made in Indian startups.