March 11 (Bloomberg) -- Indian billionaire Anil Ambani’s venture fund plans to invest in areas including so-called clean technologies as it doubles investments over the next three years.
Reliance Venture Asset Management Ltd., which has invested about $100 million in 11 companies, sees opportunities in aerospace, media and entertainment, financial services, health- care and biotechnology, Harshal Shah, chief executive officer at the venture capital unit, said in an interview in Mumbai yesterday.
“We see lot of opportunities that are going to be happening at the cusp of multiple markets and between developing and developed economies,” said Shah, 39, who has been with the fund since its inception in 2005. “We hope to bridge the gap between India and the rest of the world.”
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Author: Pooja Thakur
