VenturEast Life Fund III

South Asia Infrastructure, Health, Manufacturing, Food and agriculture

VenturEast is an Indian venture capital firm based in Chennai. Founded in 2007, the firm focuses on the technology, infrastructure services, retail, cloud technologies, digital health, social media, and internet sectors.

This is an early-stage venture capital fund investing in India.

This investment was made under a previous strategy. We disclose information on all our current investments, but narrative information on our pre-2012 investments, when we introduced a new strategy, may be limited.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
South Asia
Countries

For funds, the countries listed here are those the fund has invested in so far.

:
India
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

:
Food and agriculture, Health, Infrastructure, Manufacturing
Website:
http://www.ventureast.net/
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund manager:
VenturEast
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
November 2010
Amount

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.

:
$0.24m
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
Mauritius

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status
Mardil Medical Devices Pvt Ltd

Mardil owns the Mitral valve repair device (a cardiac device), and is based in India. It has recently begun its first human trials.

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India South Asia Health December 2010 Active
Richcore Life Sciences / OnEMI Technology

Richcore builds efficiencies into manufacturing processes using propriety methodology to solve industrial manufacturing problems.

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India South Asia Health December 2010 Active
Sresta Natural Bioproducts Pvt Ltd

Sresta is a producer organic foods such as cereals, pulses and flour, for domestic and international markets.

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India South Asia Food and agriculture December 2010 Active
Riverina Oils & Bio Energy Pvt. Ltd India South Asia Food and agriculture March 2011 Active
Bharat Light & Power

Bharat Light & Power is an independent power producer developing a portfolio of energy generating assets. This includes wind and solar in the short term, expanding to off-shore wind & gas in the medium to long term.

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India South Asia Infrastructure December 2011 Active
VKS Farms

VKS Farms is an agribusiness that processes, distributes and retails chicken, buffalo and egg products for the domestic and export markets.

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India South Asia Food and agriculture December 2011 Active
Total Prosthetics & Orthotics Pvt. Ltd

Total Prosthetics & Orthotics provide high quality orthotics and prosthetics care to patients in India and the US through its chain of clinics, exclusive products and centralized automated fabrication facility.

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India South Asia Health July 2012 Active
Polygenta Technologies Ltd & Perpetual Global Technologies Ltd

Polygenta converts post-consumption polyester waste into useful products through its Renew technology. The products include polyester filament yarn and films.

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India South Asia Infrastructure October 2012 Active
Healthvista India Pvt Ltd -Portea

Portea Medical Pvt. Ltd. is engaged in providing in home healthcare services. It offers in house nursing and physiotherapy services. The company is based in Bangalore, Karnataka.

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India South Asia Health November 2013 Active
Pinnacle Engines Inc

The company, based in Pune, designs engines with a focus on improving fuel efficiency of internal combustion engines used in auto and gensets using their patent protected technology.

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India South Asia Manufacturing January 2014 Active
Diabetomics Inc

Diabetomics Inc is a growth-stage medical diagnostics company with operations in India. It is the world's first company to develop a patented non-invasive, saliva-based glucose monitoring test for diabetes patients and an early detection test for gestational diabetes and pre-eclampsia.

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India South Asia Health October 2014 Active