INDIANS FEATURE IN FORBES' TOP DEALMAKERS LIST
By Parveen Chopra, New York, January 28, 2008 (IANS)
magazine has listed 14 people of Indian Origin in its 'Midas 100
List' of those who invest in start-up companies and then sell off
their stakes with handsome gains. Ram Shriram, who invested early
in Internet search giant Google, has been ranked third in the list,
moving up from number four last year. He currently runs venture
capital firm Sherpalo. He has invested in travel portal Cleartrip
and internet-based photo service provider Xoom.in, besides online
money management firm Mint.com.
of Indian origin on the list include Navin Chaddha (rank 10), an
IIT graduate who heads India investments of Mayfield Fund, and well-known
venture capitalist Vinod Khosla (rank 70). Chaddha, ranked 58th
in the previous year's list, has successfully managed deals like
IL&FS Investsmart and India Infoline in financial services space
and Provogue in fashion.
Saxena of Vedanta Capital is at number 31. He had a big initial
public offer (IPO) last year and has also raised a $1.4 billion
fund called New Silk Route to take advantage of deregulation in
India and elsewhere. His investments range from wireless to biotech.
Arjun Gupta, ranked 51, founded TeleSoft Partners in 1996. His big
deals have included Salesforce.com and Sierra Design Automation.
others of Indian origin who made it to the list are Aneel Bhusri
of Greylock Partners (rank 16), Promod Haque of Norwest Venture
Partners (rank 48), Ryan D. Limaye of Goldman Sachs (rank 52), Rob
L. Soni of Matrix Partners (rank 58), Deepak Kamra of Canaan Partners
(rank 69), Raman Khanna of ONSET Ventures (rank 74), Ravi Adusumalli
of SAIF Partners (rank 77), Shirish Sathaye of Matrix Partners (rank
82) and Rob S. Chandra of Bessemer Venture Partners (rank 96).
ON FORBES 'MIDAS 100' LIST OF DEALMAKERS
Sherpalo, Cleartrip, Xoom.in, Mint.com
Capital, New Silk Route
magazine's ranking considers venture-backed technology and life
sciences companies that have gone public or been acquired in the
past five years, as well as the amount of capital it took to get
there and the level of involvement in a company by its investors
annual Midas 100 list surveys the top tech dealmakers in the world.
Last year, companies that venture capitalists helped launch hauled
in $34 billion from 86 public offerings and 304 acquisitions. The
final quarter of 2007 saw 31 initial public offers - more than any
other quarter since the third quarter of 2000 - worth $3 billion.