Anil Paranjape, an active member of the Pune Tech community, one of the driving forces behind PuneCleanTech, director at FusionTech Ventures, (and owner of Grubshup Restaurant) is joining a new cleantech fund, Infuse, as a Venture Partner.
Here are details of the announcement in his own words:
I am happy to announce my association with a unique new cleantech fund: Infuse Capital. I will be helping them as a Venture Partner.
Infuse (Indian Fund for Sustainable Energy) is a new fund with some of the most influential promoters and investors in India and the world.
Infuse is anchored by MNRE (Ministry of New and Renewable Energy, Government of India), DST (Department of Science and Technology, Government of India), IIMA (Indian Institute of Management, India’s most renowned business school) and BP (the global energy giant). All four of these institutions have made substantial investments in the fund.
This first close will be followed by the second close thru a few other investors: mostly institutional and a few individuals (both Indian and Global)
Infuse is an early-stage fund focused exclusively on Clean Technology companies. We believe that our influential investors (such as MNRE, DST, IIM-A, and BP) bring us the best chances of developing a good pipeline and will make the crucial difference in helping our portfolio companies thru the right policy mechanisms, technical help, unparalleled business network, and global cleantech reach. No other fund can boast of active participation and funding by such institutions. As you all know, Cleantech investments and business is very tough because many issues such as technology, talent, business models, and policies need to work together. We feel that Infuse covers all these aspects with active investments from the best and the most influential Indian and Global institutions to do that.
Besides that, Infuse is backed by a very strong advisory committee (and investment committee) consisting of some of the biggest and most successful stalwarts of Indian and Global cleantech industry.
My role with Infuse will focus on building a robust pipeline, making investments and managing the portfolio with active help to the portfolio companies. All my current associations and engagements will continue.
Infuse is now open for business (inaugurated last month by Mr. Narendra Modi who is the most forward-looking politician in India and Dr. Faroukh Abdullah, the Minister of New and Renewable Energy) and we are actively building a pipeline. If you know of entrepreneurs and/or companies working in Cleantech and could be looking for funds, please connect them to me at email@example.com
More information is available at Infuse website.