Andhra Pradesh Industrial Development Corporation
(APIDC)
Axis Holdings
3i
ICICI Venture
Kotak Mahindra
Nadathru Holdings
UTI Venture Funds
Yes Bank
CANBANK Venture Capital Fund which has a
corpus of Rs30 crore is expected to invest about Rs 3 to 3.50 crore
in each of the firms which have been identified.
Gujarat Biotech Venture Fund (GBVF) a 12 year
close-ended fund managed by Gujarat Venture Finance Limited (GVFL),
has a target corpus of about US$ 122 million. GVFL announced its
intention of providing almost US$ 487,000 for early stage biotech
funding to Ahmadabad-based Celestial Biologicals in September,
2006.
KPMG Corporate Finance (Bangalore) interested
in providing financial assistance to some small start-up biotech
companies (with sound management capabilities) who may be in
bioinformatics, contract research
Reliance Industries Ltd. is partaking in the
US$ 27 billion venture financing space in India through Reliance
Life Sciences (RLS). RLS recently invested between US$ 40 to 50
million in a US$ 650 million biotech venture fund, titled MPM Bio
Ventures IV, floated by US investment management firm MPM Capital.
RLS will invest in start-up Indian biotech companies that are into
R D. RLS expects that its involvement in this fund will enable it
to gain access to intellectual capital and the capabilities for the
management of life sciences venture fund.