This news didn’t get a lot of attention. But it is important. Late last month, JSW Ventures invested in Indus OS, a mobile operating system in regional languages. The company started as language technology company in 2014. Fast forward to 2016, in the first quarter, the startup cracked the market and gained a significant market share, becoming the second largest smartphone OS in India, according to Counterpoint Research.
New adventures of old family firms
JSW Ventures is riding the crest of the family office wave, which has just reached Indian shores
Most of these business houses chose to be LPs. There is some amount of disillusionment in going down that route
JSW Ventures’ investments are set to be small and in the range $1-2 million over two rounds
Patient capital is the name of the game for family offices with a 10-year investment cycle
Greater participation by family offices into venture funding in India is much needed as most of the LPs in the current VC firms are in China and the US